Nisa Investment Advisors LLC Purchases 3,307 Shares of Aflac Incorporated (NYSE:AFL)

Nisa Investment Advisors LLC grew its position in Aflac Incorporated (NYSE:AFL) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 263,171 shares of the financial services provider’s stock after acquiring an additional 3,307 shares during the period. Nisa Investment Advisors LLC’s holdings in Aflac were worth $21,712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in Aflac in the 4th quarter worth approximately $25,000. CoreFirst Bank & Trust acquired a new position in shares of Aflac during the 4th quarter worth approximately $25,000. Studio Investment Management LLC purchased a new position in shares of Aflac during the fourth quarter worth about $27,000. Bruce G. Allen Investments LLC purchased a new stake in Aflac during the 4th quarter worth $32,000. Finally, Impact Partnership Wealth LLC boosted its holdings in Aflac by 471.4% during the third quarter. Impact Partnership Wealth LLC now owns 400 shares of the financial services provider’s stock worth $31,000 after buying an additional 330 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the subject of several research analyst reports. Morgan Stanley reduced 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. The Goldman Sachs Group raised their price objective on Aflac from $61.00 to $75.00 and gave the company a “sell” rating in a report on Tuesday, January 9th. Piper Sandler boosted their price objective on Aflac from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday. Evercore ISI cut shares of Aflac from an “in-line” rating to an “underperform” rating and lifted their price target for the stock from $76.00 to $78.00 in a research report on Thursday, January 4th. Finally, StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a research note on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $81.58.

Aflac Trading Up 1.3 %

NYSE:AFL opened at $85.42 on Monday. The stock has a market cap of $49.15 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 2.33 and a beta of 0.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.06 and a quick ratio of 0.06. The stock’s 50-day moving average is $81.81 and its two-hundred day moving average is $81.23. Aflac Incorporated has a fifty-two week low of $64.06 and a fifty-two week high of $86.26.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.22). The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $4.44 billion. Aflac had a return on equity of 17.59% and a net margin of 24.92%. During the same quarter in the prior year, the business posted $1.29 earnings per share. As a group, equities research analysts forecast that Aflac Incorporated will post 6.43 earnings per share for the current fiscal year.

Insider Activity at Aflac

In other news, Director Arthur Reginald Collins sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $79.73, for a total transaction of $239,190.00. Following the sale, the director now directly owns 5,592 shares in the company, valued at $445,850.16. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Arthur Reginald Collins sold 3,000 shares of Aflac stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $79.73, for a total transaction of $239,190.00. Following the transaction, the director now owns 5,592 shares in the company, valued at approximately $445,850.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Masatoshi Koide sold 30,493 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 86,090 shares of the company’s stock, valued at $6,879,451.90. The disclosure for this sale can be found here. Insiders sold a total of 46,493 shares of company stock valued at $3,765,706 in the last quarter. Insiders own 0.90% of the company’s stock.

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.