SteelPeak Wealth LLC Sells 24,536 Shares of Aflac Incorporated $AFL

SteelPeak Wealth LLC trimmed its holdings in shares of Aflac Incorporated (NYSE:AFL) by 87.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,477 shares of the financial services provider’s stock after selling 24,536 shares during the period. SteelPeak Wealth LLC’s holdings in Aflac were worth $383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AFL. Toth Financial Advisory Corp raised its position in Aflac by 2.5% in the 4th quarter. Toth Financial Advisory Corp now owns 77,968 shares of the financial services provider’s stock worth $8,598,000 after buying an additional 1,889 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Aflac by 4.4% in the fourth quarter. Perigon Wealth Management LLC now owns 8,237 shares of the financial services provider’s stock worth $908,000 after acquiring an additional 348 shares during the period. Dorato Capital Management bought a new stake in shares of Aflac in the fourth quarter worth approximately $20,865,000. Trust Co. of Vermont raised its holdings in shares of Aflac by 6.3% during the fourth quarter. Trust Co. of Vermont now owns 12,381 shares of the financial services provider’s stock valued at $1,365,000 after purchasing an additional 731 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its position in Aflac by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,681 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 124 shares during the period. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the topic of several research reports. TD Cowen restated a “hold” rating on shares of Aflac in a report on Monday, December 22nd. Weiss Ratings reissued a “buy (b+)” rating on shares of Aflac in a report on Monday, December 22nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $113.00 price target on shares of Aflac in a research note on Thursday, March 26th. Wells Fargo & Company lifted their price objective on Aflac from $109.00 to $118.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 25th. Finally, Morgan Stanley set a $120.00 price objective on Aflac in a research report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.00.

Aflac Stock Performance

Shares of NYSE AFL opened at $110.51 on Monday. The firm has a 50 day moving average of $111.25 and a 200 day moving average of $110.42. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $56.93 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 3.62 and a beta of 0.66. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $119.32.

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

Insider Buying and Selling at Aflac

In related news, Director Charles D. Lake II sold 15,590 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $109.93, for a total value of $1,713,808.70. Following the transaction, the director directly owned 62,237 shares of the company’s stock, valued at approximately $6,841,713.41. This trade represents a 20.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Post Holdings Co. Ltd. Japan sold 19,600 shares of Aflac stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $109.85, for a total value of $2,153,060.00. Following the transaction, the insider owned 51,954,900 shares in the company, valued at $5,707,245,765. This trade represents a 0.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 254,677 shares of company stock valued at $27,843,142 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

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.