4,496 Shares in Aflac Incorporated (NYSE:AFL) Acquired by Yoffe Investment Management LLC

Yoffe Investment Management LLC purchased a new position in shares of Aflac Incorporated (NYSE:AFL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,496 shares of the financial services provider's stock, valued at approximately $465,000.

A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new position in Aflac in the 4th quarter valued at approximately $349,699,000. Raymond James Financial Inc. acquired a new position in shares of Aflac during the 4th quarter worth $163,409,000. Amundi boosted its position in shares of Aflac by 81.1% in the 4th quarter. Amundi now owns 2,753,513 shares of the financial services provider's stock worth $285,181,000 after buying an additional 1,232,683 shares in the last quarter. Vanguard Group Inc. grew its stake in Aflac by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 51,340,298 shares of the financial services provider's stock valued at $5,310,640,000 after acquiring an additional 653,275 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Aflac by 670.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 556,576 shares of the financial services provider's stock valued at $57,572,000 after acquiring an additional 484,378 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company's stock.

Aflac Trading Down 0.7 %

Shares of AFL stock traded down $0.69 during mid-day trading on Wednesday, reaching $99.08. The company's stock had a trading volume of 606,090 shares, compared to its average volume of 2,143,507. The firm has a market capitalization of $54.08 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 3.24 and a beta of 0.81. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 12-month low of $79.31 and a 12-month high of $115.50. The company's 50 day simple moving average is $106.48 and its 200-day simple moving average is $107.52.

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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 (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a net margin of 28.76% and a return on equity of 16.20%. On average, research analysts predict that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AFL. Morgan Stanley increased their price target on shares of Aflac from $98.00 to $105.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised their price target on Aflac from $94.00 to $96.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. UBS Group boosted their price target on Aflac from $109.00 to $114.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. StockNews.com raised Aflac from a "sell" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Barclays cut their target price on shares of Aflac from $98.00 to $95.00 and set an "underweight" 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 issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $104.29.

Insider Activity

In other Aflac news, Director Joseph L. Moskowitz sold 1,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $107.63, for a total value of $107,630.00. Following the sale, the director now directly owns 25,393 shares in the company, valued at approximately $2,733,048.59. This trade represents a 3.79 % decrease in their ownership of the stock. 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 business's stock in a transaction 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 transaction, the director now directly owns 49,962 shares of the company's stock, valued at approximately $5,360,422.98. This trade represents a 37.36 % decrease in their position. The disclosure for this sale can be found here. Company 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.