Caprock Group LLC Makes New $3.14 Million Investment in Aflac Incorporated $AFL

Caprock Group LLC acquired a new position in shares of Aflac Incorporated (NYSE:AFL) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,251 shares of the financial services provider’s stock, valued at approximately $3,143,000.

A number of other large investors also recently made changes to their positions in AFL. True Wealth Design LLC grew its holdings in Aflac by 188.5% in the 3rd quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock valued at $25,000 after buying an additional 147 shares in the last quarter. Whipplewood Advisors LLC boosted its position in shares of Aflac by 1,526.7% in the second quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 229 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Aflac in the second quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. bought a new position in Aflac during the second quarter worth about $26,000. Finally, Darwin Wealth Management LLC bought a new position in Aflac during the second quarter worth about $33,000. Institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling at Aflac

In related news, EVP Audrey B. Tillman sold 15,862 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $112.00, for a total transaction of $1,776,544.00. Following the sale, the executive vice president owned 230,688 shares of the company’s stock, valued at $25,837,056. This trade represents a 6.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Steven Kent Beaver sold 5,492 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $109.53, for a total value of $601,538.76. Following the completion of the transaction, the executive vice president directly owned 38,368 shares of the company’s stock, valued at approximately $4,202,447.04. The trade was a 12.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,592 shares of company stock worth $2,844,656 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

Aflac Stock Performance

Aflac stock opened at $115.82 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock has a market cap of $60.70 billion, a PE ratio of 16.83, a P/E/G ratio of 3.80 and a beta of 0.67. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $119.32. The business’s 50-day moving average price is $110.61 and its two-hundred day moving average price is $109.00.

Aflac (NYSE:AFL) last posted its 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). The company had revenue of $4.87 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% compared to the same quarter last year. During the same period last year, the company posted $1.57 EPS. As a group, analysts expect that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AFL. JPMorgan Chase & Co. boosted their price objective on shares of Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Evercore boosted their price target on Aflac from $110.00 to $111.00 and gave the company an “underperform” rating in a research note on Friday, November 7th. Barclays set a $101.00 price target on Aflac and gave the stock an “underweight” rating in a research report on Thursday, January 8th. Mizuho set a $107.00 price objective on Aflac in a report on Monday. Finally, Wells Fargo & Company upped their target price on Aflac from $107.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Three 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, Aflac has a consensus rating of “Hold” and a consensus price target of $110.91.

Aflac 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.