Jump Financial LLC Makes New Investment in Aflac Incorporated (NYSE:AFL)

Jump Financial LLC acquired a new stake in shares of Aflac Incorporated (NYSE:AFLFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,933 shares of the financial services provider’s stock, valued at approximately $532,000.

Several other institutional investors also recently modified their holdings of AFL. Tokio Marine Asset Management Co. Ltd. boosted its position in Aflac by 2.5% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,908 shares of the financial services provider’s stock worth $692,000 after purchasing an additional 243 shares during the last quarter. Machina Capital S.A.S. boosted its position in Aflac by 366.6% in the second quarter. Machina Capital S.A.S. now owns 9,701 shares of the financial services provider’s stock worth $677,000 after purchasing an additional 7,622 shares during the last quarter. Great Lakes Advisors LLC boosted its position in Aflac by 0.6% in the second quarter. Great Lakes Advisors LLC now owns 81,346 shares of the financial services provider’s stock worth $5,678,000 after purchasing an additional 520 shares during the last quarter. Spinnaker Trust purchased a new position in Aflac in the second quarter worth about $213,000. Finally, MML Investors Services LLC purchased a new position in Aflac in the second quarter worth about $5,237,000. 66.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AFL. JPMorgan Chase & Co. raised their target price on Aflac from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Evercore ISI downgraded Aflac from an “in-line” rating to an “underperform” rating and raised their price objective for the stock from $76.00 to $78.00 in a research note on Thursday, January 4th. UBS Group raised their price objective on Aflac from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Raymond James raised their price objective on Aflac from $83.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company raised their price objective on Aflac from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $80.36.

Read Our Latest Report on Aflac

Aflac Stock Up 0.1 %

Shares of AFL opened at $78.21 on Friday. The business’s 50 day moving average is $82.06 and its 200 day moving average is $79.13. The company has a market capitalization of $45.70 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 2.07 and a beta of 0.93. Aflac Incorporated has a 12-month low of $60.20 and a 12-month high of $86.20. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.33.

Aflac (NYSE:AFLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.22). Aflac had a return on equity of 17.59% and a net margin of 24.92%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the firm earned $1.29 EPS. Research analysts expect that Aflac Incorporated will post 6.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aflac news, CFO Steven Kent Beaver sold 3,114 shares of Aflac stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $82.71, for a total value of $257,558.94. Following the sale, the chief financial officer now owns 20,914 shares of the company’s stock, valued at approximately $1,729,796.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Aflac Company Profile

(Free Report)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U.S. 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.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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