Strategy Asset Managers LLC Acquires 147 Shares of Aflac Incorporated (NYSE:AFL)

Strategy Asset Managers LLC grew its stake in Aflac Incorporated (NYSE:AFL) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,911 shares of the financial services provider’s stock after acquiring an additional 147 shares during the period. Strategy Asset Managers LLC’s holdings in Aflac were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Private Trust Co. NA boosted its position in Aflac by 1.3% during the fourth quarter. Private Trust Co. NA now owns 7,643 shares of the financial services provider’s stock valued at $791,000 after purchasing an additional 99 shares during the last quarter. Phillips Wealth Planners LLC boosted its holdings in shares of Aflac by 1.5% in the 4th quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock valued at $662,000 after buying an additional 100 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in shares of Aflac by 23.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock valued at $55,000 after buying an additional 100 shares in the last quarter. TKG Advisors LLC increased its holdings in Aflac by 0.5% during the fourth quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider’s stock worth $2,230,000 after buying an additional 103 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its position in Aflac by 1.6% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,960 shares of the financial services provider’s stock worth $720,000 after acquiring an additional 107 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Price Performance

Shares of Aflac stock opened at $109.71 on Friday. Aflac Incorporated has a twelve month low of $79.31 and a twelve month high of $115.50. The company has a 50-day simple moving average of $106.49 and a two-hundred day simple moving average of $107.66. The stock has a market capitalization of $59.88 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 3.24 and a beta of 0.93. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last issued its quarterly earnings results 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 return on equity of 16.20% and a net margin of 28.76%. Analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

Insider Buying and Selling

In other Aflac news, Director Joseph L. Moskowitz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $107.63, for a total transaction of $107,630.00. Following the completion of the transaction, the director now directly owns 25,393 shares in the company, valued at $2,733,048.59. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles D. Lake II sold 29,802 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $107.29, for a total value of $3,197,456.58. Following the completion of the sale, the director now directly owns 49,962 shares in the company, valued at approximately $5,360,422.98. This represents a 37.36 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AFL has been the topic of several recent analyst reports. Piper Sandler lowered their price objective on shares of Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. BMO Capital Markets assumed coverage on Aflac in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price objective for the company. Morgan Stanley boosted their target price on Aflac from $98.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. JPMorgan Chase & Co. increased their price target on Aflac from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $103.36.

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.