SOL Capital Management CO Has $201,000 Stake in Aflac Incorporated (AFL)

SOL Capital Management CO Has $201,000 Stake in Aflac Incorporated (AFL)

SOL Capital Management CO cut its stake in Aflac Incorporated (NYSE:AFL) by 6.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,800 shares of the company’s stock after selling 200 shares during the period. SOL Capital Management CO’s holdings in Aflac were worth $201,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in AFL. BB&T Corp raised its stake in Aflac by 13.6% in the third quarter. BB&T Corp now owns 91,844 shares of the company’s stock valued at $6,601,000 after buying an additional 11,025 shares in the last quarter. NEXT Financial Group Inc raised its stake in Aflac by 165.2% in the third quarter. NEXT Financial Group Inc now owns 6,978 shares of the company’s stock valued at $501,000 after buying an additional 4,347 shares in the last quarter. LMR Partners LLP purchased a new stake in Aflac during the third quarter valued at about $987,000. DUPONT CAPITAL MANAGEMENT Corp raised its stake in Aflac by 307.4% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 67,170 shares of the company’s stock valued at $4,828,000 after buying an additional 50,683 shares in the last quarter. Finally, Nordea Investment Management AB raised 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 valued at $488,494,000 after buying an additional 131,005 shares in the last quarter. 63.22% of the stock is owned by institutional investors.

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

AFL has been the subject of a number of research analyst reports. Citigroup Inc. initiated coverage on shares of Aflac in a report on Thursday. They set a “neutral” rating and a $73.00 price objective for the company. Evercore ISI raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th. Royal Bank Of Canada lowered shares of Aflac from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from $74.00 to $65.00 in a report on Friday, December 9th. RBC Capital Markets lowered shares of Aflac from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from $74.00 to $65.00 in a report on Thursday, December 8th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Aflac in a report on Monday, December 5th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.48.

In related news, Director Barbara K. Rimer sold 10,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $70.14, for a total transaction of $736,470.00. Following the completion of the sale, the director now directly owns 16,084 shares in the company, valued at $1,128,131.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James Todd Daniels sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $69.18, for a total value of $76,098.00. Following the sale, the vice president now owns 16,420 shares of the company’s stock, valued at $1,135,935.60. The disclosure for this sale can be found here. Insiders sold 20,401 shares of company stock valued at $1,422,401 over the last 90 days. Company insiders own 3.90% of the company’s stock.

About Aflac

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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