CWA Asset Management Group LLC Acquires Shares of 3,351 Aflac Incorporated (NYSE:AFL)

CWA Asset Management Group LLC bought a new position in shares of Aflac Incorporated (NYSE:AFL – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,351 shares of the financial services provider’s stock, valued at approximately $241,000.

Other hedge funds have also made changes to their positions in the company. ProShare Advisors LLC boosted its stake in shares of Aflac by 8.3% during the third quarter. ProShare Advisors LLC now owns 2,971,489 shares of the financial services provider’s stock worth $166,997,000 after buying an additional 228,828 shares during the period. Clearstead Advisors LLC boosted its stake in shares of Aflac by 3.4% during the third quarter. Clearstead Advisors LLC now owns 6,843 shares of the financial services provider’s stock worth $385,000 after buying an additional 223 shares during the period. EHP Funds Inc. boosted its stake in shares of Aflac by 21.6% during the third quarter. EHP Funds Inc. now owns 7,050 shares of the financial services provider’s stock worth $396,000 after buying an additional 1,250 shares during the period. Westpac Banking Corp boosted its stake in shares of Aflac by 2.1% during the third quarter. Westpac Banking Corp now owns 103,220 shares of the financial services provider’s stock worth $5,801,000 after buying an additional 2,167 shares during the period. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Aflac by 15.7% during the second quarter. Checchi Capital Advisers LLC now owns 6,812 shares of the financial services provider’s stock worth $390,000 after buying an additional 923 shares during the period. Institutional investors and hedge funds own 66.22% of the company’s stock.

Aflac Stock Performance

Shares of AFL stock opened at $61.29 on Friday. The stock has a fifty day moving average price of $69.23 and a 200 day moving average price of $66.77. The stock has a market cap of $37.52 billion, a PE ratio of 9.33, a P/E/G ratio of 2.19 and a beta of 0.94. Aflac Incorporated has a 1 year low of $52.07 and a 1 year high of $74.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.06 and a current ratio of 0.06.

Aflac (NYSE:AFL – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.08. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Aflac had a return on equity of 13.69% and a net margin of 21.54%. Aflac’s revenue was down 26.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. Sell-side analysts forecast that Aflac Incorporated will post 5.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AFL shares. StockNews.com started coverage on shares of Aflac in a research report on Thursday. They issued a “hold” rating for the company. Truist Financial raised their price objective on shares of Aflac from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Aflac from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, January 6th. Raymond James raised their price objective on shares of Aflac from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, January 30th. Finally, Morgan Stanley reduced their price objective on shares of Aflac from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, February 24th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $71.75.

Insider Buying and Selling

In other Aflac news, Director Masatoshi Koide sold 19,291 shares of the firm’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $70.36, for a total transaction of $1,357,314.76. Following the completion of the transaction, the director now owns 87,598 shares of the company’s stock, valued at $6,163,395.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Aflac news, Director Masatoshi Koide sold 19,291 shares of the firm’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $70.36, for a total transaction of $1,357,314.76. Following the completion of the transaction, the director now owns 87,598 shares of the company’s stock, valued at $6,163,395.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph L. Moskowitz sold 500 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $71.98, for a total value of $35,990.00. Following the transaction, the director now directly owns 19,751 shares of the company’s stock, valued at approximately $1,421,676.98. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Aflac Profile

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Aflac, Inc is a holding company. engages in the provision of financial protection services. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.