Insigneo Advisory Services LLC Acquires 317 Shares of Aflac Incorporated (NYSE:AFL)

Insigneo Advisory Services LLC grew its holdings in shares of Aflac Incorporated (NYSE:AFL) by 4.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,276 shares of the financial services provider’s stock after purchasing an additional 317 shares during the period. Insigneo Advisory Services LLC’s holdings in Aflac were worth $753,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Whipplewood Advisors LLC acquired a new position in Aflac during the fourth quarter valued at approximately $26,000. BankPlus Trust Department bought a new stake in shares of Aflac during the 4th quarter worth approximately $34,000. Curio Wealth LLC acquired a new stake in shares of Aflac in the 4th quarter valued at approximately $36,000. OFI Invest Asset Management bought a new position in shares of Aflac in the fourth quarter valued at $38,000. Finally, Rialto Wealth Management LLC acquired a new position in Aflac during the fourth quarter worth $41,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Aflac

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $107.63, for a total value of $107,630.00. Following the transaction, the director now owns 25,393 shares in the company, valued at approximately $2,733,048.59. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles D. Lake II sold 29,802 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $107.29, for a total transaction of $3,197,456.58. Following the sale, the director now directly owns 49,962 shares of the company’s stock, valued at $5,360,422.98. This represents a 37.36 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Aflac Stock Down 0.6 %

AFL opened at $107.43 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10. The stock has a fifty day moving average of $106.54 and a 200-day moving average of $107.40. Aflac Incorporated has a fifty-two week low of $79.93 and a fifty-two week high of $115.50. The company has a market capitalization of $58.64 billion, a P/E ratio of 11.19, a P/E/G ratio of 3.24 and a beta of 0.81.

Aflac (NYSE:AFL) last issued its quarterly earnings data 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%. On average, equities analysts expect that Aflac Incorporated will post 6.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Aflac from $107.00 to $104.00 and set a “market perform” rating for the company in a research report on Wednesday, February 12th. StockNews.com raised Aflac from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Morgan Stanley dropped their price objective on Aflac from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company reduced their target price 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. Finally, Piper Sandler increased their price target on Aflac from $118.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Aflac presently has an average rating of “Hold” and an average price target of $103.93.

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.