Modern Wealth Management LLC Acquires 622 Shares of Aflac Incorporated (NYSE:AFL)

Modern Wealth Management LLC raised its stake in shares of Aflac Incorporated (NYSE:AFL) by 30.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,653 shares of the financial services provider’s stock after buying an additional 622 shares during the period. Modern Wealth Management LLC’s holdings in Aflac were worth $272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in shares of Aflac in the 4th quarter valued at approximately $26,000. BankPlus Trust Department bought a new position in shares of Aflac in the fourth quarter valued at approximately $34,000. Curio Wealth LLC acquired a new stake in shares of Aflac in the fourth quarter worth $36,000. Raelipskie Partnership acquired a new stake in shares of Aflac in the third quarter worth $38,000. Finally, OFI Invest Asset Management acquired a new position in Aflac in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AFL shares. Piper Sandler cut their target price 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. Morgan Stanley boosted their price objective on Aflac from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Barclays lowered their target price on Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. StockNews.com upgraded Aflac from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Aflac from $107.00 to $104.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $103.36.

Insider Transactions at Aflac

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

Aflac Trading Down 1.0 %

Shares of Aflac stock opened at $109.71 on Friday. The company’s fifty day moving average price is $106.49 and its two-hundred day moving average price is $107.66. The firm has a market capitalization of $59.88 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 3.24 and a beta of 0.93. Aflac Incorporated has a 52-week low of $79.31 and a 52-week 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.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share 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 expect that Aflac Incorporated will post 6.88 EPS for the current year.

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.