As Aflac (AFL) Shares Rose, Synovus Financial Raised Position; As Twenty First Centy Fox (FOXA) Stock Value Declined, Holder Old National Bancorp Has Lowered Stake by $823,446

February 23, 2018 - By Marguerite Chambers

Old National Bancorp decreased its stake in Twenty First Centy Fox Inc (FOXA) by 11.86% based on its latest 2017Q3 regulatory filing with the SEC. Old National Bancorp sold 31,671 shares as the company’s stock declined 10.68% while stock markets rallied. The institutional investor held 235,368 shares of the consumer services company at the end of 2017Q3, valued at $6.21 million, down from 267,039 at the end of the previous reported quarter. Old National Bancorp who had been investing in Twenty First Centy Fox Inc for a number of months, seems to be less bullish one the $68.51 billion market cap company. The stock increased 0.27% or $0.1 during the last trading session, reaching $37.16. About 5.41 million shares traded. Twenty-First Century Fox, Inc. (NASDAQ:FOXA) has declined 2.90% since February 23, 2017 and is downtrending. It has underperformed by 19.60% the S&P500.

Synovus Financial Corp increased its stake in Aflac Inc (AFL) by 8.02% based on its latest 2017Q3 regulatory filing with the SEC. Synovus Financial Corp bought 49,545 shares as the company’s stock rose 3.90% with the market. The institutional investor held 667,342 shares of the accident &health insurance company at the end of 2017Q3, valued at $54.32M, up from 617,797 at the end of the previous reported quarter. Synovus Financial Corp who had been investing in Aflac Inc for a number of months, seems to be bullish on the $34.57B market cap company. The stock decreased 0.39% or $0.35 during the last trading session, reaching $88.53. About 2.10 million shares traded. Aflac Incorporated (NYSE:AFL) has risen 7.68% since February 23, 2017 and is uptrending. It has underperformed by 9.02% the S&P500.

Synovus Financial Corp, which manages about $5.26B US Long portfolio, decreased its stake in Vanguard Index Fds (VOT) by 3,115 shares to 30,749 shares, valued at $3.74M in 2017Q3, according to the filing. It also reduced its holding in Home Depot Inc (NYSE:HD) by 9,006 shares in the quarter, leaving it with 210,162 shares, and cut its stake in Alibaba Group Hldg Ltd (NYSE:BABA).

Among 19 analysts covering Aflac Incorporated (NYSE:AFL), 3 have Buy rating, 4 Sell and 12 Hold. Therefore 16% are positive. Aflac Incorporated had 52 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Hold” on Thursday, February 1. Keefe Bruyette & Woods maintained the shares of AFL in report on Monday, October 12 with “” rating. The company was upgraded on Monday, January 22 by Raymond James. Keefe Bruyette & Woods downgraded the shares of AFL in report on Friday, May 20 to “Mkt Perform” rating. The rating was maintained by Wells Fargo with “Hold” on Tuesday, January 9. The rating was maintained by Citigroup with “Buy” on Thursday, February 4. The stock of Aflac Incorporated (NYSE:AFL) has “Sell” rating given on Tuesday, September 26 by Citigroup. On Monday, November 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of Aflac Incorporated (NYSE:AFL) has “Market Perform” rating given on Tuesday, May 10 by FBR Capital. The rating was maintained by Keefe Bruyette & Woods on Friday, November 10 with “Hold”.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.08, from 0.97 in 2017Q2. It dropped, as 44 investors sold AFL shares while 297 reduced holdings. 73 funds opened positions while 232 raised stakes. 250.65 million shares or 1.32% less from 254.01 million shares in 2017Q2 were reported. Virtu Financial Limited Liability stated it has 0% of its portfolio in Aflac Incorporated (NYSE:AFL). Charter Communication, a New Hampshire-based fund reported 13,185 shares. Mount Lucas Mgmt Limited Partnership invested in 130,630 shares or 1.92% of the stock. Covington Investment has 1.69% invested in Aflac Incorporated (NYSE:AFL) for 54,938 shares. Clarivest Asset Mgmt Ltd Limited Liability Company invested in 0% or 1,853 shares. Arrowstreet Partnership accumulated 787,754 shares. Choate Advsrs owns 58,055 shares or 0.26% of their US portfolio. 20 are held by Wealthtrust. Chicago Equity Prns Lc reported 204,775 shares or 0.53% of all its holdings. Harris Lp holds 0.74% or 5.40M shares. Nationwide Fund Advsrs invested 0.08% in Aflac Incorporated (NYSE:AFL). First Republic Investment Mngmt has invested 0.07% in Aflac Incorporated (NYSE:AFL). Oakworth Capital holds 1,245 shares or 0.03% of its portfolio. Montgomery Inv Mngmt holds 0.24% in Aflac Incorporated (NYSE:AFL) or 6,700 shares. Drexel Morgan Company holds 2,525 shares or 0.21% of its portfolio.

Since September 19, 2017, it had 2 insider purchases, and 6 insider sales for $4.42 million activity. AMOS DANIEL P also sold $2.24 million worth of Aflac Incorporated (NYSE:AFL) on Friday, February 16. JOHNSON DOUGLAS WAYNE also sold $125,363 worth of Aflac Incorporated (NYSE:AFL) shares. 2,000 shares were bought by Lloyd Karole, worth $178,090. CLONINGER KRISS III sold $2.10M worth of Aflac Incorporated (NYSE:AFL) on Thursday, September 21. The insider HUDSON ELIZABETH J sold 1,279 shares worth $107,132. 620 Aflac Incorporated (NYSE:AFL) shares with value of $50,525 were sold by Daniels James Todd.

Old National Bancorp, which manages about $1.84 billion US Long portfolio, upped its stake in Enterprise Prods Partners L (NYSE:EPD) by 24,289 shares to 148,114 shares, valued at $3.86 million in 2017Q3, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 27,290 shares in the quarter, for a total of 273,990 shares, and has risen its stake in Gilead Sciences Inc (NASDAQ:GILD).

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