Mission Wealth Management LP Grows Stock Holdings in Aflac Incorporated (NYSE:AFL)

Mission Wealth Management LP grew its stake in shares of Aflac Incorporated (NYSE:AFL) by 100.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,069 shares of the financial services provider’s stock after acquiring an additional 42,579 shares during the period. Mission Wealth Management LP’s holdings in Aflac were worth $8,800,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC lifted its holdings in Aflac by 6.1% during the 4th quarter. Fidelis Capital Partners LLC now owns 15,141 shares of the financial services provider’s stock worth $1,616,000 after purchasing an additional 876 shares in the last quarter. Investment Partners LTD. increased its position in shares of Aflac by 42.4% during the fourth quarter. Investment Partners LTD. now owns 3,467 shares of the financial services provider’s stock valued at $359,000 after buying an additional 1,032 shares during the period. LGT Fund Management Co Ltd. lifted its holdings in shares of Aflac by 10.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 1,952 shares of the financial services provider’s stock worth $202,000 after buying an additional 182 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Aflac in the fourth quarter valued at approximately $4,009,000. Finally, Jones Financial Companies Lllp grew its stake in Aflac by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 73,506 shares of the financial services provider’s stock valued at $7,603,000 after acquiring an additional 19,132 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Aflac Stock Up 1.9 %

Shares of AFL opened at $109.46 on Monday. Aflac Incorporated has a 1 year low of $78.62 and a 1 year high of $115.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08. The stock has a 50 day simple moving average of $104.56 and a two-hundred day simple moving average of $107.60. The firm has a market cap of $60.81 billion, a P/E ratio of 11.40, a P/E/G ratio of 3.24 and a beta of 0.99.

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

Insider Activity

In other news, EVP Audrey B. Tillman sold 24,744 shares of the business’s 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 owns 222,618 shares of the company’s stock, valued at approximately $23,018,701.20. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AFL. StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods lowered their price objective on Aflac from $107.00 to $104.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th. Piper Sandler dropped their price objective on Aflac from $122.00 to $118.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Evercore ISI decreased their target price on Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company dropped their price target on Aflac from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $103.36.

Aflac Company 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.