Aflac Incorporated (NYSE:AFL) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,310 shares of the financial services provider's stock after selling 3,411 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Aflac were worth $10,997,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in Aflac by 1.3% in 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 grew its holdings 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 acquiring an additional 100 shares during the period. Raleigh Capital Management Inc. grew its holdings in Aflac by 23.2% during the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider's stock worth $55,000 after acquiring an additional 100 shares during the period. TKG Advisors LLC lifted its holdings in 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 acquiring an additional 103 shares during the period. Finally, Robertson Stephens Wealth Management LLC boosted its position in Aflac by 1.6% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,960 shares of the financial services provider's stock worth $720,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Aflac from $90.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Piper Sandler cut their price objective on shares of Aflac from $122.00 to $118.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Wells Fargo & Company lowered their target price on shares of Aflac from $104.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. BMO Capital Markets started coverage on Aflac in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $111.00 price target for the company. Finally, Morgan Stanley increased their price target on Aflac from $98.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $103.36.

Insider Transactions at Aflac

In other news, EVP Audrey B. Tillman sold 24,744 shares of the business'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 transaction, the executive vice president now owns 222,618 shares of the company's stock, 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 can be accessed through this link. Also, Director Joseph L. Moskowitz sold 1,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $107.63, for a total transaction of $107,630.00. Following the sale, the director now 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. Insiders have sold a total of 55,546 shares of company stock worth $5,863,616 in the last ninety days. Insiders own 0.90% of the company's stock.

Aflac Price Performance

AFL stock traded up $0.68 during midday trading on Wednesday, reaching $110.41. The stock had a trading volume of 1,357,781 shares, compared to its average volume of 1,991,370. Aflac Incorporated has a 52-week low of $79.31 and a 52-week high of $115.50. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29. The company's fifty day simple moving average is $106.21 and its 200 day simple moving average is $107.62. The company has a market cap of $60.35 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 3.24 and a beta of 0.93.

Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. As a group, sell-side analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac Company 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.