Strategic Investment Advisors MI bought a new position in shares of Aflac Incorporated (NYSE:AFL – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,333 shares of the financial services provider’s stock, valued at approximately $695,000.
A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after buying an additional 5,708 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Aflac by 4.3% during the 4th quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 183 shares in the last quarter. WINTON GROUP Ltd bought a new position in Aflac in the second quarter valued at approximately $280,000. Sei Investments Co. increased its stake in Aflac by 11.2% in the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock valued at $15,854,000 after acquiring an additional 15,105 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its position in Aflac by 1.6% during the second quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.
Aflac Trading Down 1.0%
Shares of NYSE AFL opened at $127.35 on Friday. The firm has a 50 day moving average price of $119.45 and a two-hundred day moving average price of $114.71. The stock has a market cap of $64.82 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.61. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $130.22. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11.
Insider Transactions at Aflac
In related news, Director Joseph L. Moskowitz sold 12,370 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $116.54, for a total value of $1,441,599.80. Following the sale, the director directly owned 33,310 shares in the company, valued at $3,881,947.40. This represents a 27.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $116.71, for a total transaction of $3,249,789.95. Following the sale, the insider directly owned 50,898,490 shares of the company’s stock, valued at $5,940,362,767.90. This represents a 0.05% 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 sold a total of 744,916 shares of company stock worth $87,118,632 in the last quarter. Corporate insiders own 0.80% of the company’s stock.
Analyst Upgrades and Downgrades
AFL has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and set a $130.00 target price (up from $125.00) on shares of Aflac in a research note on Tuesday, May 26th. Weiss Ratings raised Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods upped their price objective on Aflac from $115.00 to $120.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their price objective on Aflac from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Finally, UBS Group reaffirmed a “neutral” rating and issued a $124.00 price objective (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Aflac presently has an average rating of “Hold” and an average target price of $116.17.
Check Out Our Latest Report on Aflac
Aflac Company Profile
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.
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