Aflac Incorporated (NYSE:AFL) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC grew its stake in Aflac Incorporated (NYSE:AFL) by 31.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,360 shares of the financial services provider’s stock after purchasing an additional 7,465 shares during the period. NEOS Investment Management LLC’s holdings in Aflac were worth $3,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in AFL. Private Trust Co. NA increased its stake in shares of 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 acquiring an additional 99 shares during the last quarter. Phillips Wealth Planners LLC increased its position in Aflac by 1.5% during the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 100 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in Aflac by 23.2% during the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 100 shares during the period. TKG Advisors LLC grew its stake in shares of Aflac by 0.5% in the 4th quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider’s stock valued at $2,230,000 after buying an additional 103 shares during the period. Finally, Robertson Stephens Wealth Management LLC increased its holdings in shares of Aflac by 1.6% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,960 shares of the financial services provider’s stock worth $720,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling at Aflac

In other Aflac news, Director Charles D. Lake II sold 29,802 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $107.29, for a total value of $3,197,456.58. Following the transaction, the director now directly owns 49,962 shares in the company, valued at $5,360,422.98. This represents a 37.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph L. Moskowitz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $107.63, for a total transaction of $107,630.00. Following the sale, the director now owns 25,393 shares of the company’s stock, valued at $2,733,048.59. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on AFL. BMO Capital Markets began coverage on Aflac in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price objective for the company. Wells Fargo & Company cut their price objective on Aflac from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Evercore ISI lowered their target price on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating for the company in a research note on Wednesday, December 4th. Barclays reduced their price target 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. Finally, StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $103.36.

Aflac Stock Down 1.0 %

AFL stock opened at $109.71 on Friday. The company’s 50 day moving average price is $106.49 and its 200 day moving average price is $107.66. The firm has a market capitalization of $59.88 billion, a price-to-earnings ratio of 11.43, 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 debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10.

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