SVB Wealth LLC Takes Position in Aflac Incorporated (NYSE:AFL)

SVB Wealth LLC bought a new position in Aflac Incorporated (NYSE:AFL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,973 shares of the financial services provider’s stock, valued at approximately $721,000.

Other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Aflac by 6.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,694,511 shares of the financial services provider’s stock valued at $524,846,000 after buying an additional 281,148 shares in the last quarter. Guinness Asset Management LTD increased its stake in Aflac by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 2,395,045 shares of the financial services provider’s stock valued at $247,682,000 after acquiring an additional 118,720 shares during the period. National Pension Service raised its position in Aflac by 8.9% in the third quarter. National Pension Service now owns 1,662,514 shares of the financial services provider’s stock worth $185,869,000 after purchasing an additional 136,238 shares in the last quarter. Assetmark Inc. lifted its stake in Aflac by 0.7% during the third quarter. Assetmark Inc. now owns 1,584,552 shares of the financial services provider’s stock worth $177,153,000 after purchasing an additional 10,487 shares during the period. Finally, Barclays PLC boosted its holdings in Aflac by 10.1% during the third quarter. Barclays PLC now owns 1,391,127 shares of the financial services provider’s stock valued at $155,529,000 after purchasing an additional 127,911 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Ratings Changes

AFL has been the subject of a number of recent research reports. Morgan Stanley increased their target price on Aflac from $98.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday. Keefe, Bruyette & Woods dropped their price objective on Aflac from $107.00 to $104.00 and set a “market perform” rating for the company in a research note on Wednesday, February 12th. BMO Capital Markets assumed coverage on Aflac in a report on Thursday, January 23rd. They set a “market perform” rating and a $111.00 price objective for the company. Piper Sandler lowered their target price on shares of Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Barclays cut their price target on shares of Aflac from $98.00 to $95.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $103.36.

Aflac Trading Up 0.5 %

Shares of NYSE AFL opened at $110.00 on Tuesday. Aflac Incorporated has a 1-year low of $78.62 and a 1-year high of $115.50. The company has a 50-day moving average of $104.71 and a two-hundred day moving average of $107.65. The company has a market cap of $61.11 billion, a PE ratio of 11.46, a P/E/G ratio of 3.24 and a beta of 0.99. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. As a group, equities analysts expect that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Insider Transactions at Aflac

In related news, EVP Audrey B. Tillman sold 24,744 shares of Aflac stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the sale, the executive vice president now directly owns 222,618 shares in the company, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Aflac Profile

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.