Tacita Capital Inc Has $52,000 Holdings in Aflac Incorporated (NYSE:AFL)

Tacita Capital Inc cut its holdings in Aflac Incorporated (NYSE:AFL) by 37.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 505 shares of the financial services provider’s stock after selling 300 shares during the quarter. Tacita Capital Inc’s holdings in Aflac were worth $52,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AFL. Mission Wealth Management LP increased its holdings in Aflac by 100.2% during the fourth quarter. Mission Wealth Management LP now owns 85,069 shares of the financial services provider’s stock worth $8,800,000 after buying an additional 42,579 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in Aflac by 6.1% during the fourth quarter. Fidelis Capital Partners LLC now owns 15,141 shares of the financial services provider’s stock worth $1,616,000 after buying an additional 876 shares during the last quarter. Investment Partners LTD. increased its holdings in Aflac by 42.4% during the fourth quarter. Investment Partners LTD. now owns 3,467 shares of the financial services provider’s stock worth $359,000 after buying an additional 1,032 shares during the last quarter. LGT Fund Management Co Ltd. increased its holdings in Aflac by 10.3% during 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 during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Aflac during the fourth quarter worth $4,009,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Audrey B. Tillman sold 24,744 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $103.40, for a total transaction 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 $23,018,701.20. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is currently owned by company insiders.

Aflac Trading Up 0.5 %

Shares of Aflac stock opened at $110.00 on Tuesday. The firm has a 50-day moving average of $104.71 and a 200-day moving average of $107.65. The stock has a market cap of $61.11 billion, a PE ratio of 11.46, a PEG ratio of 3.24 and a beta of 0.99. Aflac Incorporated has a 52-week low of $78.62 and a 52-week high of $115.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10.

Aflac (NYSE:AFL) last announced its 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 net margin of 28.76% and a return on equity of 16.20%. As a group, sell-side analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AFL shares. JPMorgan Chase & Co. boosted their target price on shares of Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Barclays lowered their target price on shares of Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Evercore ISI lowered their target price on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a report on Wednesday, December 4th. Piper Sandler reduced their price objective on shares of Aflac from $122.00 to $118.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price objective on shares of 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 equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.