OneDigital Investment Advisors LLC Sells 2,488 Shares of Aflac Incorporated (NYSE:AFL)

OneDigital Investment Advisors LLC lessened its stake in Aflac Incorporated (NYSE:AFL - Free Report) by 11.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,599 shares of the financial services provider's stock after selling 2,488 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Aflac were worth $2,068,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AFL. Norges Bank bought a new stake in shares of Aflac in the fourth quarter valued at approximately $349,699,000. GAMMA Investing LLC raised its position in shares of Aflac by 12,313.9% in the first quarter. GAMMA Investing LLC now owns 1,504,067 shares of the financial services provider's stock valued at $167,237,000 after purchasing an additional 1,491,951 shares during the period. Northern Trust Corp grew its stake in Aflac by 22.9% during the fourth quarter. Northern Trust Corp now owns 7,296,014 shares of the financial services provider's stock valued at $754,700,000 after acquiring an additional 1,357,753 shares in the last quarter. Amundi grew its stake in Aflac by 81.1% during the fourth quarter. Amundi now owns 2,753,513 shares of the financial services provider's stock valued at $285,181,000 after acquiring an additional 1,232,683 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Aflac by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 51,340,298 shares of the financial services provider's stock valued at $5,310,640,000 after acquiring an additional 653,275 shares in the last quarter. Institutional investors own 67.44% of the company's stock.

Insider Activity at Aflac

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $106.79, for a total transaction of $106,790.00. Following the completion of the sale, the director directly owned 26,096 shares in the company, valued at $2,786,791.84. This represents a 3.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Masatoshi Koide sold 37,000 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $105.59, for a total transaction of $3,906,830.00. Following the sale, the director owned 70,992 shares of the company's stock, valued at $7,496,045.28. This represents a 34.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,750 shares of company stock worth $4,304,295 in the last three months. 0.80% of the stock is owned by insiders.

Aflac Trading Down 1.6%

Shares of AFL traded down $1.69 during mid-day trading on Monday, reaching $102.88. The company's stock had a trading volume of 1,667,584 shares, compared to its average volume of 2,150,410. The stock has a market cap of $55.62 billion, a PE ratio of 16.08, a P/E/G ratio of 3.24 and a beta of 0.81. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 52 week low of $88.00 and a 52 week high of $115.50. The company's fifty day moving average price is $104.25 and its two-hundred day moving average price is $105.29.

Aflac (NYSE:AFL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.66 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($0.01). The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $4.53 billion. Aflac had a return on equity of 15.55% and a net margin of 21.27%. The company's revenue was down 37.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 earnings per share. On average, analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 21st were issued a dividend of $0.58 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.32 dividend on an annualized basis and a yield of 2.26%. Aflac's dividend payout ratio is currently 36.25%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Aflac from $94.00 to $96.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Raymond James Financial reduced their price objective on shares of Aflac from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. Morgan Stanley boosted their price objective on shares of Aflac from $100.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Barclays set a $98.00 price objective on shares of Aflac and gave the company an "underweight" rating in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Aflac from $104.00 to $106.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $106.64.

About Aflac

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.