Maryland State Retirement & Pension System Sells 2,375 Shares of Aflac Incorporated (NYSE:AFL)

Maryland State Retirement & Pension System reduced its stake in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,796 shares of the financial services provider's stock after selling 2,375 shares during the quarter. Maryland State Retirement & Pension System's holdings in Aflac were worth $3,082,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Xponance Inc. increased its stake in shares of Aflac by 3.2% in the fourth quarter. Xponance Inc. now owns 80,118 shares of the financial services provider's stock valued at $8,287,000 after purchasing an additional 2,468 shares during the period. Intech Investment Management LLC increased its position in Aflac by 252.3% in the 4th quarter. Intech Investment Management LLC now owns 252,445 shares of the financial services provider's stock valued at $26,113,000 after acquiring an additional 180,781 shares during the period. Generali Asset Management SPA SGR acquired a new stake in Aflac in the 4th quarter valued at approximately $3,262,000. Horizon Investments LLC raised its stake in Aflac by 1.9% during the 4th quarter. Horizon Investments LLC now owns 8,692 shares of the financial services provider's stock valued at $899,000 after acquiring an additional 158 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new position in Aflac during the 4th quarter worth $124,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Audrey B. Tillman sold 24,744 shares of the business's stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the sale, 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 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 that occurred on Friday, March 7th. The shares were sold at an average price of $107.63, for a total transaction of $107,630.00. Following the transaction, the director now directly owns 25,393 shares in the company, valued at approximately $2,733,048.59. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,546 shares of company stock worth $5,863,616. 0.90% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AFL shares. Barclays cut their price objective on shares of Aflac from $98.00 to $95.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of Aflac from $90.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Evercore ISI decreased their price objective on shares of Aflac from $104.00 to $102.00 and set an "underperform" rating for the company in a report on Wednesday, December 4th. Keefe, Bruyette & Woods dropped their target price on Aflac from $107.00 to $104.00 and set a "market perform" rating on the stock in a report on Wednesday, February 12th. Finally, Piper Sandler decreased their price target on Aflac from $122.00 to $118.00 and set an "overweight" rating for the company in a research note 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 given a buy rating to the stock. According to MarketBeat.com, Aflac has an average rating of "Hold" and a consensus target price of $103.36.

Aflac Stock Down 0.1 %

NYSE:AFL traded down $0.09 during trading hours on Tuesday, hitting $109.56. 1,675,601 shares of the stock traded hands, compared to its average volume of 1,994,051. The firm has a 50 day moving average price of $106.09 and a 200 day moving average price of $107.61. The firm has a market cap of $59.88 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 3.24 and a beta of 0.93. Aflac Incorporated has a fifty-two week low of $79.31 and a fifty-two 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.

Aflac (NYSE:AFL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (EPS) 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%. Equities research analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current 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.