Wedmont Private Capital Buys 786 Shares of Aflac Incorporated (NYSE:AFL)

Wedmont Private Capital increased its stake in Aflac Incorporated (NYSE:AFLFree Report) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,150 shares of the financial services provider’s stock after purchasing an additional 786 shares during the period. Wedmont Private Capital’s holdings in Aflac were worth $510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Aflac by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 54,208,007 shares of the financial services provider’s stock valued at $4,160,465,000 after acquiring an additional 605,210 shares during the last quarter. State Street Corp raised its position in shares of Aflac by 1.3% during the 2nd quarter. State Street Corp now owns 27,645,876 shares of the financial services provider’s stock valued at $1,929,682,000 after acquiring an additional 366,344 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Aflac by 0.7% during the 2nd quarter. Wells Fargo & Company MN now owns 16,415,385 shares of the financial services provider’s stock valued at $1,145,794,000 after acquiring an additional 107,554 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Aflac by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 11,918,930 shares of the financial services provider’s stock valued at $829,752,000 after acquiring an additional 30,665 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Aflac by 9.0% in the 3rd quarter. Morgan Stanley now owns 9,643,531 shares of the financial services provider’s stock valued at $740,141,000 after buying an additional 794,784 shares during the period. Institutional investors own 66.75% of the company’s stock.

Insider Activity at Aflac

In related news, SVP Albert Riggieri sold 8,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $83.34, for a total value of $666,720.00. Following the transaction, the senior vice president now owns 32,825 shares in the company, valued at $2,735,635.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Albert Riggieri sold 8,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $83.34, for a total value of $666,720.00. Following the transaction, the senior vice president now owns 32,825 shares in the company, valued at $2,735,635.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Masatoshi Koide sold 30,493 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $79.91, for a total transaction of $2,436,695.63. Following the completion of the transaction, the director now owns 86,090 shares in the company, valued at approximately $6,879,451.90. The disclosure for this sale can be found here. Insiders have sold a total of 41,493 shares of company stock worth $3,342,606 over the last quarter. Company insiders own 0.90% of the company’s stock.

Aflac Trading Up 0.1 %

Shares of AFL stock opened at $84.49 on Tuesday. The firm has a 50 day moving average price of $81.38 and a two-hundred day moving average price of $80.31. The company has a market capitalization of $48.75 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 2.29 and a beta of 0.91. Aflac Incorporated has a 12-month low of $61.17 and a 12-month high of $86.20. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.33.

Aflac (NYSE:AFLGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.22). The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $4.44 billion. Aflac had a return on equity of 17.59% and a net margin of 24.92%. During the same quarter last year, the firm posted $1.29 EPS. As a group, analysts predict that Aflac Incorporated will post 6.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Aflac from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, March 1st. Raymond James boosted their price target on shares of Aflac from $83.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. StockNews.com lowered shares of Aflac from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. UBS Group upped their target price on shares of Aflac from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Finally, The Goldman Sachs Group upped their target price on shares of Aflac from $61.00 to $75.00 and gave the stock a “sell” rating in a research note on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Aflac has an average rating of “Hold” and a consensus target price of $80.36.

View Our Latest Stock Analysis on Aflac

Aflac Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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