Aflac Incorporated $AFL Stock Position Reduced by Family Manage LLC

Family Manage LLC decreased its position in Aflac Incorporated (NYSE:AFL) by 94.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,883 shares of the financial services provider’s stock after selling 30,074 shares during the quarter. Family Manage LLC’s holdings in Aflac were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in shares of Aflac during the 1st quarter valued at approximately $25,000. Quarry LP acquired a new position in Aflac in the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new position in Aflac in the fourth quarter worth $29,000. Evergreen Advisors LLC bought a new stake in Aflac during the first quarter valued at $29,000. Finally, Navalign LLC bought a new stake in Aflac during the fourth quarter valued at $32,000. 67.44% of the stock is currently owned by institutional investors.

Insider Activity

In other Aflac news, Director Joseph L. Moskowitz sold 12,370 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $116.54, for a total value of $1,441,599.80. Following the completion of the transaction, the director owned 33,310 shares in the company, valued at approximately $3,881,947.40. This represents a 27.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $116.71, for a total transaction of $3,249,789.95. Following the completion of the sale, the insider owned 50,898,490 shares in the company, valued at $5,940,362,767.90. The trade was a 0.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 744,916 shares of company stock worth $87,118,632. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AFL has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Aflac from $99.00 to $98.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $108.00 price objective (up from $100.00) on shares of Aflac in a research report on Friday, July 10th. UBS Group reiterated a “neutral” rating and set a $124.00 price objective (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods raised their target price on shares of Aflac from $115.00 to $120.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Finally, Weiss Ratings upgraded Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Aflac has an average rating of “Hold” and a consensus target price of $116.17.

Aflac Price Performance

Shares of NYSE AFL opened at $126.61 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $64.44 billion, a PE ratio of 14.37, a P/E/G ratio of 1.94 and a beta of 0.61. Aflac Incorporated has a 1-year low of $96.95 and a 1-year high of $126.87. The business’s fifty day moving average price is $118.80 and its two-hundred day moving average price is $114.31.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.05). The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted $1.66 EPS. On average, research analysts expect that Aflac Incorporated will post 7.06 EPS for the current year.

About Aflac

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.