Aflac Incorporated (NYSE:AFL) Shares Acquired by Vestmark Advisory Solutions Inc.

Posted by Defense World Staff on Apr 2nd, 2023

Vestmark Advisory Solutions Inc. lifted its position in shares of Aflac Incorporated (NYSE:AFL – Get Rating) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,656 shares of the financial services provider’s stock after acquiring an additional 1,149 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Aflac were worth $1,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AFL. New Millennium Group LLC acquired a new position in shares of Aflac during the second quarter worth about $25,000. EdgeRock Capital LLC acquired a new position in shares of Aflac during the third quarter worth about $26,000. Capital Wealth Alliance LLC purchased a new stake in Aflac during the second quarter worth about $27,000. MinichMacGregor Wealth Management LLC purchased a new stake in Aflac during the fourth quarter worth about $27,000. Finally, JCIC Asset Management Inc. purchased a new stake in Aflac during the fourth quarter worth about $29,000. 66.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Aflac

In related news, Director Masatoshi Koide sold 19,291 shares of Aflac stock in a transaction 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 sale, the director now owns 87,598 shares of the company’s stock, valued at approximately $6,163,395.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Joseph L. Moskowitz sold 500 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was 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 directly owns 19,751 shares of the company’s stock, valued at approximately $1,421,676.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Masatoshi Koide sold 19,291 shares of Aflac stock in a transaction 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 sale, the director now directly owns 87,598 shares in the company, valued at approximately $6,163,395.28. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Aflac Stock Performance

Shares of AFL opened at $64.52 on Friday. 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 $39.47 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 2.30 and a beta of 0.94. The company’s 50 day simple moving average is $67.58 and its 200 day simple moving average is $66.99. Aflac Incorporated has a 1 year low of $52.07 and a 1 year high of $74.01.

Aflac (NYSE:AFL – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.08. The business had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.49 billion. Aflac had a net margin of 21.54% and a return on equity of 13.69%. The company’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 earnings per share. On average, sell-side analysts predict that Aflac Incorporated will post 5.59 EPS for the current year.

Analysts Set New Price Targets

AFL has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Aflac in a report on Thursday, March 16th. They set a “hold” rating on the stock. Truist Financial boosted their price objective on shares of Aflac from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, February 6th. Raymond James boosted their price objective on shares of Aflac from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. Morgan Stanley decreased their price objective on shares of Aflac from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, February 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Aflac from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, January 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.75.

Aflac Company Profile

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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.