Aflac Incorporated (NYSE:AFL) Shares Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC increased its holdings in shares of Aflac Incorporated (NYSE:AFL) by 32.2% in the third quarter, Holdings Channel reports. The firm owned 11,733 shares of the financial services provider’s stock after buying an additional 2,858 shares during the period. Creekmur Asset Management LLC’s holdings in Aflac were worth $1,312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC raised its position in Aflac by 5.8% in the third quarter. Fidelis Capital Partners LLC now owns 14,265 shares of the financial services provider’s stock valued at $1,600,000 after purchasing an additional 777 shares during the period. Sicart Associates LLC purchased a new stake in shares of Aflac in the 3rd quarter valued at $235,000. Argyle Capital Management Inc. acquired a new position in Aflac during the 3rd quarter worth about $237,000. Trail Ridge Investment Advisors LLC purchased a new position in Aflac during the 3rd quarter valued at about $240,000. Finally, Orrstown Financial Services Inc. acquired a new position in Aflac in the 3rd quarter valued at about $268,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AFL has been the subject of several recent research reports. Morgan Stanley raised their price objective on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Wells Fargo & Company boosted their price target on shares of Aflac from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Evercore ISI upped their price objective on Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, September 26th. Citigroup lifted their target price on Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $97.53.

Insiders Place Their Bets

In related news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following the completion of the sale, the director now directly owns 18,158 shares of the company’s stock, valued at $1,796,552.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Aflac Stock Up 0.2 %

AFL stock opened at $110.00 on Wednesday. The stock has a market cap of $62.50 billion, a P/E ratio of 12.14, a PEG ratio of 2.62 and a beta of 0.95. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The company’s 50 day moving average is $110.52 and its two-hundred day moving average is $97.37.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.60 by $0.23. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the business earned $1.58 EPS. Aflac’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts expect that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.

About Aflac

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.