Fisher Asset Management LLC Buys 5,262 Shares of Aflac Incorporated $AFL

Fisher Asset Management LLC grew its stake in shares of Aflac Incorporated (NYSE:AFLFree Report) by 76.1% in the fourth quarter, Holdings Channel reports. The fund owned 12,175 shares of the financial services provider’s stock after acquiring an additional 5,262 shares during the quarter. Fisher Asset Management LLC’s holdings in Aflac were worth $1,343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AFL. Navalign LLC bought a new position in shares of Aflac during the 4th quarter valued at approximately $32,000. Darwin Wealth Management LLC bought a new position in shares of Aflac during the 2nd quarter valued at approximately $33,000. Activest Wealth Management grew its position in shares of Aflac by 95.6% during the 4th quarter. Activest Wealth Management now owns 311 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 152 shares during the period. Westside Investment Management Inc. grew its position in shares of Aflac by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 324 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 162 shares during the period. Finally, Park Square Financial Group LLC grew its position in shares of Aflac by 80.6% during the 4th quarter. Park Square Financial Group LLC now owns 354 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 158 shares during the period. 67.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Barclays set a $99.00 target price on shares of Aflac and gave the company an “underweight” rating in a research report on Thursday, April 30th. Piper Sandler restated an “overweight” rating and set a $130.00 price target (up from $125.00) on shares of Aflac in a research note on Tuesday. Evercore upgraded shares of Aflac from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Morgan Stanley upped their price target on shares of Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company dropped their price target on shares of Aflac from $116.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $112.27.

Read Our Latest Stock Report on AFL

Insiders Place Their Bets

In other news, EVP Steven Kent Beaver sold 5,508 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $117.81, for a total value of $648,897.48. Following the transaction, the executive vice president owned 40,537 shares of the company’s stock, valued at approximately $4,775,663.97. This represents a 11.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Post Holdings Co. Ltd. Japan sold 11,400 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $115.50, for a total transaction of $1,316,700.00. Following the completion of the transaction, the insider directly owned 51,302,145 shares in the company, valued at approximately $5,925,397,747.50. The trade was a 0.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 910,436 shares of company stock worth $103,126,371 in the last three months. 0.80% of the stock is currently owned by corporate insiders.

More Aflac News

Here are the key news stories impacting Aflac this week:

Aflac Stock Performance

Shares of AFL stock opened at $112.37 on Friday. The stock has a market capitalization of $57.20 billion, a P/E ratio of 12.76, a PEG ratio of 1.97 and a beta of 0.62. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $113.08 and its 200 day moving average is $111.78. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $119.81.

Aflac (NYSE:AFLGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. On average, sell-side analysts anticipate that Aflac Incorporated will post 7.08 earnings per share for the current year.

Aflac Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, May 20th. Aflac’s dividend payout ratio is presently 27.70%.

Aflac Company Profile

(Free Report)

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.

Further Reading

Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aflac Incorporated (NYSE:AFLFree Report).

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

Receive News & Ratings for Aflac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac and related companies with MarketBeat.com's FREE daily email newsletter.