APG Asset Management N.V. Acquires 183,997 Shares of Aflac Incorporated (NYSE:AFL)

APG Asset Management N.V. grew its stake in Aflac Incorporated (NYSE:AFL - Free Report) by 84.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 401,041 shares of the financial services provider's stock after acquiring an additional 183,997 shares during the quarter. APG Asset Management N.V. owned 0.07% of Aflac worth $40,061,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AFL. Whipplewood Advisors LLC acquired a new stake in Aflac in the fourth quarter worth $26,000. BankPlus Trust Department bought a new stake in shares of Aflac in the 4th quarter valued at $34,000. Curio Wealth LLC acquired a new stake in Aflac during the 4th quarter worth $36,000. OFI Invest Asset Management bought a new position in Aflac during the fourth quarter worth about $38,000. Finally, Rialto Wealth Management LLC acquired a new position in Aflac in the fourth quarter valued at about $41,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Aflac from $118.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lifted their price target on shares of Aflac from $94.00 to $96.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. UBS Group increased their price objective on shares of Aflac from $109.00 to $114.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. StockNews.com raised shares of Aflac from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Finally, BMO Capital Markets initiated coverage on Aflac in a report on Thursday, January 23rd. They set a "market perform" rating and a $111.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Aflac presently has a consensus rating of "Hold" and a consensus target price of $103.93.

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Aflac Stock Up 2.0 %

Shares of Aflac stock traded up $2.17 on Monday, reaching $109.00. 404,001 shares of the company were exchanged, compared to its average volume of 2,006,461. Aflac Incorporated has a one year low of $79.69 and a one year 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 has a 50-day moving average of $106.34 and a 200 day moving average of $107.41. The company has a market capitalization of $59.49 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 3.24 and a beta of 0.81.

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 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%. On average, equities research analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current year.

Insider Buying and Selling at Aflac

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

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.