Daymark Wealth Partners LLC Has $3.66 Million Position in Aflac Incorporated $AFL

Daymark Wealth Partners LLC raised its holdings in shares of Aflac Incorporated (NYSE:AFL) by 72.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,168 shares of the financial services provider’s stock after purchasing an additional 13,925 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Aflac were worth $3,657,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AFL. Confluence Wealth Services Inc. increased its holdings in shares of Aflac by 0.8% in the third quarter. Confluence Wealth Services Inc. now owns 11,827 shares of the financial services provider’s stock valued at $1,321,000 after purchasing an additional 97 shares during the last quarter. Courier Capital LLC lifted its stake in shares of Aflac by 3.9% during the 3rd quarter. Courier Capital LLC now owns 2,597 shares of the financial services provider’s stock worth $290,000 after buying an additional 97 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Aflac by 5.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,037 shares of the financial services provider’s stock worth $227,000 after buying an additional 99 shares during the period. Stiles Financial Services Inc boosted its holdings in shares of Aflac by 3.2% during the 3rd quarter. Stiles Financial Services Inc now owns 3,169 shares of the financial services provider’s stock worth $354,000 after buying an additional 99 shares during the period. Finally, Berkeley Capital Partners LLC grew its stake in Aflac by 0.9% in the 3rd quarter. Berkeley Capital Partners LLC now owns 11,669 shares of the financial services provider’s stock valued at $1,303,000 after buying an additional 99 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AFL shares. TD Cowen reissued a “hold” rating on shares of Aflac in a report on Monday, December 22nd. JPMorgan Chase & Co. boosted their price objective on Aflac from $101.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Raymond James Financial reiterated an “outperform” rating and set a $119.00 target price (up from $110.00) on shares of Aflac in a research note on Tuesday, December 30th. Mizuho set a $107.00 price target on Aflac in a report on Monday, February 9th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Aflac in a research note on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Aflac presently has an average rating of “Hold” and a consensus price target of $111.73.

Insider Activity

In other news, Director Charles D. Lake II sold 15,590 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $109.93, for a total value of $1,713,808.70. Following the completion of the transaction, the director directly owned 62,237 shares in the company, valued at approximately $6,841,713.41. The trade was a 20.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Post Holdings Co. Ltd. Japan sold 19,300 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $110.96, for a total transaction of $2,141,528.00. Following the sale, the insider directly owned 52,241,500 shares of the company’s stock, valued at approximately $5,796,716,840. This trade represents a 0.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 220,877 shares of company stock worth $24,170,256. Insiders own 0.90% of the company’s stock.

Aflac Stock Performance

NYSE:AFL opened at $107.13 on Thursday. The company has a market cap of $55.19 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 3.48 and a beta of 0.66. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $119.32. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a fifty day moving average price of $111.22 and a 200-day moving average price of $110.34.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.12). Aflac had a return on equity of 14.35% and a net margin of 21.24%.The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the business posted $1.57 EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. As a group, equities analysts anticipate that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

About Aflac

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.