Aflac Incorporated (AFL) Shares Bought by BB&T Corp

Aflac Incorporated (AFL) Shares Bought by BB&T Corp

BB&T Corp increased its position in shares of Aflac Incorporated (NYSE:AFL) by 13.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,844 shares of the company’s stock after buying an additional 11,025 shares during the period. BB&T Corp’s holdings in Aflac were worth $6,601,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its stake in Aflac by 2.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,424,068 shares of the company’s stock worth $824,361,000 after buying an additional 316,344 shares during the last quarter. Nordea Investment Management AB increased its stake in Aflac by 2.0% in the third quarter. Nordea Investment Management AB now owns 6,796,905 shares of the company’s stock worth $488,494,000 after buying an additional 131,005 shares during the last quarter. BlackRock Group LTD increased its stake in Aflac by 6.1% in the second quarter. BlackRock Group LTD now owns 3,477,538 shares of the company’s stock worth $250,939,000 after buying an additional 200,563 shares during the last quarter. American Century Companies Inc. increased its stake in Aflac by 18.1% in the second quarter. American Century Companies Inc. now owns 2,018,058 shares of the company’s stock worth $145,623,000 after buying an additional 308,692 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Aflac by 3.6% in the second quarter. Legal & General Group Plc now owns 1,980,447 shares of the company’s stock worth $142,879,000 after buying an additional 68,210 shares during the last quarter. Institutional investors own 63.22% of the company’s stock.

Shares of Aflac Incorporated (NYSE:AFL) opened at 70.27 on Friday. The company has a 50-day moving average of $69.84 and a 200 day moving average of $71.37. The firm has a market cap of $28.68 billion, a P/E ratio of 11.14 and a beta of 1.06. Aflac Incorporated has a 52-week low of $55.24 and a 52-week high of $74.50.

A number of equities research analysts have recently weighed in on AFL shares. Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $74.76 price target on the stock in a research note on Wednesday, November 16th. Citigroup Inc. started coverage on shares of Aflac in a report on Thursday. They issued a “neutral” rating and a $73.00 price objective for the company. Evercore ISI upgraded shares of Aflac from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th. FBR & Co reiterated a “hold” rating on shares of Aflac in a report on Friday, October 28th. Finally, Credit Suisse Group started coverage on shares of Aflac in a report on Friday, October 7th. They issued an “underperform” rating and a $75.00 price objective for the company. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. Aflac has an average rating of “Hold” and a consensus target price of $70.48.

In other news, insider June P. Howard sold 5,301 shares of the business’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $69.18, for a total transaction of $366,723.18. Following the sale, the insider now owns 19,714 shares in the company, valued at $1,363,814.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Rimer sold 10,500 shares of the business’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $70.14, for a total value of $736,470.00. Following the sale, the director now owns 16,084 shares in the company, valued at approximately $1,128,131.76. The disclosure for this sale can be found here. Insiders have sold 20,401 shares of company stock worth $1,422,401 in the last 90 days. Insiders own 3.90% of the company’s stock.

Aflac Company Profile

Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

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