Integrated Wealth Concepts LLC Cuts Stock Position in Aflac Incorporated (NYSE:AFL)

Integrated Wealth Concepts LLC cut its holdings in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,383 shares of the financial services provider's stock after selling 2,850 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Aflac were worth $3,763,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AFL. Private Trust Co. NA lifted its holdings in Aflac by 1.3% in the 4th quarter. Private Trust Co. NA now owns 7,643 shares of the financial services provider's stock worth $791,000 after purchasing an additional 99 shares in the last quarter. Phillips Wealth Planners LLC raised its position in shares of Aflac by 1.5% during the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider's stock valued at $662,000 after buying an additional 100 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Aflac by 23.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider's stock worth $55,000 after buying an additional 100 shares in the last quarter. TKG Advisors LLC boosted its position in shares of Aflac by 0.5% during the fourth quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider's stock worth $2,230,000 after acquiring an additional 103 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its stake in Aflac by 1.6% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,960 shares of the financial services provider's stock valued at $720,000 after acquiring an additional 107 shares in the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Charles D. Lake II sold 29,802 shares of Aflac stock in a transaction that occurred on 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 sale, the director now owns 49,962 shares of the company's stock, valued at approximately $5,360,422.98. The trade was a 37.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph L. Moskowitz sold 1,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 25,393 shares of the company's stock, valued at $2,733,048.59. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

AFL has been the subject of several research reports. BMO Capital Markets assumed coverage on shares of Aflac in a report on Thursday, January 23rd. They set a "market perform" rating and a $111.00 price objective for the company. StockNews.com raised Aflac from a "sell" rating to a "hold" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their price objective on Aflac from $94.00 to $96.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Piper Sandler increased their target price on Aflac from $118.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Morgan Stanley reduced their price target on shares of Aflac from $105.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $103.93.

Aflac Stock Down 1.1 %

Shares of NYSE:AFL opened at $107.96 on Friday. The firm has a market capitalization of $58.93 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 3.24 and a beta of 0.81. The business has a 50 day simple moving average of $107.14 and a two-hundred day simple moving average of $107.11. Aflac Incorporated has a 1 year low of $80.59 and a 1 year 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (EPS) 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, equities analysts predict that Aflac Incorporated will post 6.88 EPS for the current 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.

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