Congress Wealth Management LLC DE Cuts Stake in Aflac Incorporated (NYSE:AFL)

Congress Wealth Management LLC DE decreased its stake in Aflac Incorporated (NYSE:AFL) by 52.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,155 shares of the financial services provider’s stock after selling 87,817 shares during the period. Congress Wealth Management LLC DE’s holdings in Aflac were worth $8,291,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AFL. Private Trust Co. NA increased its stake in Aflac by 1.3% during the 4th quarter. Private Trust Co. NA now owns 7,643 shares of the financial services provider’s stock worth $791,000 after buying an additional 99 shares during the period. Phillips Wealth Planners LLC grew its stake in shares of Aflac by 1.5% during the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock valued at $662,000 after acquiring an additional 100 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of 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 acquiring an additional 100 shares during the last quarter. TKG Advisors LLC lifted its stake in shares of Aflac by 0.5% in the fourth quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider’s stock worth $2,230,000 after acquiring an additional 103 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in Aflac by 1.6% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,960 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AFL shares. Keefe, Bruyette & Woods dropped their price objective on Aflac from $107.00 to $104.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th. StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Friday, February 14th. BMO Capital Markets started coverage on shares of Aflac in a report on Thursday, January 23rd. They set a “market perform” rating and a $111.00 price objective for the company. Barclays cut their target price 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, Wells Fargo & Company decreased their price target on Aflac from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $103.36.

Insider Activity at Aflac

In related news, Director Charles D. Lake II sold 29,802 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $107.29, for a total value of $3,197,456.58. Following the sale, the director now directly owns 49,962 shares in the company, valued at $5,360,422.98. This trade represents a 37.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph L. Moskowitz sold 1,000 shares of Aflac stock in a transaction on Friday, March 7th. The shares were 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 $2,733,048.59. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,546 shares of company stock worth $5,863,616 in the last ninety days. 0.90% of the stock is owned by insiders.

Aflac Stock Down 0.1 %

Shares of Aflac stock opened at $109.56 on Wednesday. The stock has a market capitalization 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 twelve month low of $79.31 and a twelve month 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. The business’s 50 day simple moving average is $106.21 and its 200-day simple moving average is $107.62.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share 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 forecast that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac 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.