Charles Schwab Investment Management Inc. Buys 47,119 Shares of Aflac Incorporated (NYSE:AFL)

Charles Schwab Investment Management Inc. raised its position in shares of Aflac Incorporated (NYSE:AFL) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,226,681 shares of the financial services provider’s stock after purchasing an additional 47,119 shares during the period. Charles Schwab Investment Management Inc. owned 0.58% of Aflac worth $333,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AFL. Spinnaker Trust lifted its position in shares of Aflac by 2.7% during the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock valued at $405,000 after buying an additional 95 shares during the last quarter. Private Trust Co. NA lifted its holdings 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 position in Aflac by 1.5% during the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 100 shares during the period. Raleigh Capital Management Inc. increased 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 worth $55,000 after purchasing an additional 100 shares in the last quarter. Finally, TKG Advisors LLC raised its position in shares of Aflac by 0.5% in the fourth quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider’s stock valued at $2,230,000 after purchasing an additional 103 shares during the period. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Aflac

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 value of $2,558,529.60. Following the transaction, the executive vice president now owns 222,618 shares in the company, valued at $23,018,701.20. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

Aflac Stock Up 0.6 %

Shares of NYSE AFL opened at $108.20 on Thursday. Aflac Incorporated has a 12 month low of $79.31 and a 12 month high of $115.50. The firm has a market capitalization of $59.14 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 3.24 and a beta of 0.93. The firm has a fifty day simple moving average of $104.89 and a two-hundred day simple moving average of $107.67. 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 (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%. Equities analysts expect that Aflac Incorporated will post 6.88 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Friday, February 14th. BMO Capital Markets began coverage on Aflac in a report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price target for the company. Piper Sandler decreased their price objective on Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Morgan Stanley raised their target price on Aflac from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, Evercore ISI decreased their price target on Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 4th. Two 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.