AGF Management Ltd. increased its position in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 740,576 shares of the financial services provider's stock after purchasing an additional 91,640 shares during the quarter. AGF Management Ltd. owned 0.13% of Aflac worth $76,605,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in Aflac during the fourth quarter worth $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Aflac in the third quarter valued at $34,000. BankPlus Trust Department purchased a new stake in shares of Aflac in the fourth quarter valued at $34,000. Raelipskie Partnership purchased a new stake in shares of Aflac in the third quarter valued at $38,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Aflac in the fourth quarter valued at $38,000. 67.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AFL has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered their price target on Aflac from $107.00 to $104.00 and set a "market perform" rating for the company in a research report on Wednesday, February 12th. StockNews.com upgraded Aflac from a "sell" rating to a "hold" rating in a research note on Friday, February 14th. BMO Capital Markets began coverage on Aflac in a research note on Thursday, January 23rd. They set a "market perform" rating and a $111.00 price objective on the stock. Barclays lowered their target price on Aflac from $98.00 to $95.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Finally, Piper Sandler decreased their price objective on Aflac from $122.00 to $118.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Two equities research 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $103.36.
Check Out Our Latest Stock Report on AFL
Aflac Trading Down 1.6 %
Aflac stock opened at $106.73 on Tuesday. Aflac Incorporated has a 52 week low of $79.31 and a 52 week high of $115.50. The firm has a market capitalization of $58.34 billion, a PE ratio of 11.12, a PEG ratio of 3.24 and a beta of 0.93. The business's 50-day simple moving average is $105.15 and its 200-day simple moving average is $107.73. 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 - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current year.
Insider Buying and Selling
In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the company's stock in a transaction on 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 in the company, valued at approximately $23,018,701.20. The trade was a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.
About Aflac
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aflac Incorporated (NYSE:AFL - Free Report).
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