Aflac Incorporated $AFL Shares Sold by Albion Financial Group UT

Albion Financial Group UT lowered its stake in Aflac Incorporated (NYSE:AFL) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,821 shares of the financial services provider’s stock after selling 5,022 shares during the quarter. Albion Financial Group UT’s holdings in Aflac were worth $4,942,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Confluence Wealth Services Inc. grew its stake in Aflac by 0.8% during the 3rd 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 in the last quarter. Courier Capital LLC grew its stake in Aflac by 3.9% during the 3rd quarter. Courier Capital LLC now owns 2,597 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 97 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in Aflac by 5.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,037 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 99 shares in the last quarter. Stiles Financial Services Inc grew its stake in Aflac by 3.2% during the 3rd quarter. Stiles Financial Services Inc now owns 3,169 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 99 shares in the last quarter. Finally, Berkeley Capital Partners LLC grew its stake in Aflac by 0.9% during 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 purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 20,100 shares of Aflac stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $110.20, for a total transaction of $2,215,020.00. Following the transaction, the insider directly owned 51,934,800 shares in the company, valued at approximately $5,723,214,960. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 274,777 shares of company stock worth $30,058,162. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AFL shares. JPMorgan Chase & Co. raised their price objective on Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Barclays set a $101.00 target price on Aflac and gave the stock an “underweight” rating in a report on Thursday, January 8th. Morgan Stanley set a $120.00 target price on Aflac in a report on Monday, December 15th. Wall Street Zen downgraded Aflac from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $119.00 target price (up from $110.00) on shares of Aflac in a report on Tuesday, December 30th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $112.00.

Aflac Stock Down 0.2%

Shares of Aflac stock opened at $110.22 on Tuesday. The business’s fifty day moving average price is $111.27 and its two-hundred day moving average price is $110.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $56.78 billion, a P/E ratio of 16.02, a PEG ratio of 3.62 and a beta of 0.66. Aflac Incorporated has a 1-year low of $96.95 and a 1-year high of $119.32.

Aflac (NYSE:AFL) last announced its 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 for the quarter, compared to the consensus estimate of $4.45 billion. Aflac had a net margin of 21.24% and a return on equity of 14.35%. The firm’s revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. As a group, research analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

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.