Procyon Advisors LLC purchased a new stake in Aflac Incorporated (NYSE:AFL – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,141 shares of the financial services provider’s stock, valued at approximately $226,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AFL. Truist Financial Corp boosted its position in Aflac by 982.0% in the third quarter. Truist Financial Corp now owns 2,198,423 shares of the financial services provider’s stock valued at $123,552,000 after buying an additional 1,995,240 shares in the last quarter. Invesco Ltd. lifted its position in shares of Aflac by 62.4% during the first quarter. Invesco Ltd. now owns 4,936,608 shares of the financial services provider’s stock worth $317,865,000 after purchasing an additional 1,897,212 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Aflac during the third quarter worth approximately $65,661,000. Envestnet Asset Management Inc. lifted its position in shares of Aflac by 225.2% during the third quarter. Envestnet Asset Management Inc. now owns 1,076,386 shares of the financial services provider’s stock worth $60,493,000 after purchasing an additional 745,346 shares in the last quarter. Finally, Maj Invest Holding A S lifted its position in shares of Aflac by 16.5% during the third quarter. Maj Invest Holding A S now owns 5,061,371 shares of the financial services provider’s stock worth $325,902,000 after purchasing an additional 715,304 shares in the last quarter. 66.22% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Masatoshi Koide sold 19,291 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $70.36, for a total value of $1,357,314.76. Following the completion of the transaction, the director now owns 87,598 shares in the company, valued at $6,163,395.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Joseph L. Moskowitz sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $71.98, for a total value of $35,990.00. Following the completion of the transaction, the director now owns 19,751 shares in the company, valued at $1,421,676.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Masatoshi Koide sold 19,291 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $70.36, for a total transaction of $1,357,314.76. Following the completion of the transaction, the director now owns 87,598 shares of the company’s stock, valued at approximately $6,163,395.28. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Analyst Ratings Changes
Aflac Stock Up 0.7 %
Shares of NYSE:AFL opened at $63.56 on Wednesday. Aflac Incorporated has a 52 week low of $52.07 and a 52 week high of $74.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $38.88 billion, a PE ratio of 9.67, a PEG ratio of 2.25 and a beta of 0.94. The company has a 50 day moving average price of $67.99 and a two-hundred day moving average price of $66.97.
Aflac (NYSE:AFL – Get Rating) last issued its earnings results on Thursday, February 2nd. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.21 by $0.08. Aflac had a net margin of 21.54% and a return on equity of 13.69%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was down 26.2% on a year-over-year basis. Analysts forecast that Aflac Incorporated will post 5.59 earnings per share for the current year.
About Aflac
Aflac, Inc is a holding company. engages in the provision of financial protection services. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.
Featured Articles
- Get a free copy of the StockNews.com research report on Aflac (AFL)
- After an Earnings Blowout, Is Ciena Stock a Buying Opportunity?
- Here’s Why Viking Therapeutics Rose Over 50% on Obesity Drug Data
- Meta Breaks Out Of A Base, Looks Like A Growth Stock Again
- The Bottom Is In For McCormick & Company
- Walgreens Boots Alliance: Blue Chip, High-Yield Turnaround Story
Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aflac Incorporated (NYSE:AFL – Get Rating).
Receive News & Ratings for Aflac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac and related companies with MarketBeat.com's FREE daily email newsletter.
