Forza Wealth Management LLC Has $1.83 Million Stake in Aflac Incorporated (NYSE:AFL)

Forza Wealth Management LLC lowered its stake in shares of Aflac Incorporated (NYSE:AFL) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,270 shares of the financial services provider’s stock after selling 740 shares during the period. Aflac makes up 0.9% of Forza Wealth Management LLC’s portfolio, making the stock its 28th biggest position. Forza Wealth Management LLC’s holdings in Aflac were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AFL. Fortitude Family Office LLC acquired a new stake in Aflac during the 4th quarter worth $25,000. Atwood & Palmer Inc. raised its position in shares of Aflac by 80.0% during the first quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 140 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of Aflac during the fourth quarter worth about $32,000. Impact Partnership Wealth LLC grew its position in shares of Aflac by 471.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 400 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 330 shares during the period. Finally, Criterion Capital Advisors LLC bought a new stake in Aflac during the 4th quarter worth approximately $33,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AFL shares. StockNews.com lowered shares of Aflac from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Morgan Stanley boosted their price objective on shares of Aflac from $80.00 to $84.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. UBS Group increased their target price on Aflac from $80.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Keefe, Bruyette & Woods boosted their price target on Aflac from $83.00 to $87.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Finally, The Goldman Sachs Group increased their price objective on Aflac from $61.00 to $75.00 and gave the stock a “sell” rating in a report on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $82.15.

Aflac Stock Up 1.1 %

AFL stock traded up $0.93 during mid-day trading on Monday, reaching $84.54. The company had a trading volume of 2,001,632 shares, compared to its average volume of 2,269,864. Aflac Incorporated has a 52 week low of $64.10 and a 52 week high of $86.26. The company has a market capitalization of $48.64 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 2.29 and a beta of 0.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a 50 day simple moving average of $82.79 and a two-hundred day simple moving average of $81.82.

Aflac (NYSE:AFL) last issued its earnings results on Thursday, February 1st. The financial services provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.22). Aflac had a return on equity of 17.59% and a net margin of 24.92%. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. As a group, equities analysts predict that Aflac Incorporated will post 6.41 earnings per share for the current fiscal year.

Insider Transactions at Aflac

In other Aflac news, SVP Albert Riggieri sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $83.34, for a total transaction of $666,720.00. Following the transaction, the senior vice president now owns 32,825 shares of the company’s stock, valued at $2,735,635.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Aflac news, SVP Albert Riggieri sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $83.34, for a total transaction of $666,720.00. Following the completion of the sale, the senior vice president now owns 32,825 shares of the company’s stock, valued at approximately $2,735,635.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arthur Reginald Collins sold 3,000 shares of Aflac stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $79.73, for a total transaction of $239,190.00. Following the transaction, the director now directly owns 5,592 shares of the company’s stock, valued at $445,850.16. The disclosure for this sale can be found here. Insiders have sold 46,493 shares of company stock worth $3,765,706 in the last ninety days. Insiders own 0.90% of the company’s stock.

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.