Donaldson Capital Management LLC Sells 326,193 Shares of Aflac Incorporated (NYSE:AFL)

Donaldson Capital Management LLC trimmed its stake in shares of Aflac Incorporated (NYSE:AFL) by 74.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 109,870 shares of the financial services provider’s stock after selling 326,193 shares during the quarter. Donaldson Capital Management LLC’s holdings in Aflac were worth $11,365,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA lifted its holdings in shares of Aflac by 1.3% in the fourth quarter. Private Trust Co. NA now owns 7,643 shares of the financial services provider’s stock valued at $791,000 after purchasing an additional 99 shares in the last quarter. Phillips Wealth Planners LLC lifted its holdings in shares of Aflac by 1.5% in the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock valued at $662,000 after purchasing an additional 100 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Aflac by 23.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 100 shares in the last quarter. TKG Advisors LLC lifted its holdings in shares of Aflac by 0.5% in the fourth quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider’s stock valued at $2,230,000 after purchasing an additional 103 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Aflac by 41.8% in the third quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 107 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the transaction, the executive vice president now owns 222,618 shares in the company, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AFL shares. Barclays dropped their target price on Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Keefe, Bruyette & Woods dropped their target price on Aflac from $107.00 to $104.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th. StockNews.com upgraded Aflac from a “sell” rating to a “hold” rating in a report on Friday, February 14th. BMO Capital Markets initiated coverage on Aflac in a report on Thursday, January 23rd. They set a “market perform” rating and a $111.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $103.36.

Aflac Stock Performance

NYSE:AFL opened at $106.73 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08. The business has a fifty day simple moving average of $105.15 and a two-hundred day simple moving average of $107.73. Aflac Incorporated has a 1 year low of $79.31 and a 1 year high of $115.50. The company has a market capitalization of $58.34 billion, a P/E ratio of 11.12, a P/E/G ratio of 3.24 and a beta of 0.93.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. On average, analysts expect that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac Company Profile

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.