Trek Financial LLC Sells 372 Shares of Aflac Incorporated (NYSE:AFL)

Trek Financial LLC lessened its stake in Aflac Incorporated (NYSE:AFL) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 33,009 shares of the financial services provider’s stock after selling 372 shares during the quarter. Trek Financial LLC’s holdings in Aflac were worth $3,414,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Aflac by 0.9% during the 4th quarter. FMR LLC now owns 1,213,449 shares of the financial services provider’s stock worth $125,519,000 after buying an additional 11,345 shares in the last quarter. Unigestion Holding SA raised its holdings in Aflac by 23.7% during the 4th quarter. Unigestion Holding SA now owns 66,870 shares of the financial services provider’s stock worth $6,917,000 after purchasing an additional 12,796 shares during the last quarter. Titleist Asset Management LLC raised its stake in shares of Aflac by 3.4% during the fourth quarter. Titleist Asset Management LLC now owns 3,324 shares of the financial services provider’s stock worth $344,000 after buying an additional 110 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co lifted its holdings in Aflac by 27.2% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 140,317 shares of the financial services provider’s stock valued at $14,514,000 after buying an additional 30,000 shares during the period. Finally, Wedbush Securities Inc. boosted its position in shares of Aflac by 1.1% in the 4th quarter. Wedbush Securities Inc. now owns 18,485 shares of the financial services provider’s stock worth $1,912,000 after purchasing an additional 202 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Aflac Trading Down 8.8 %

Shares of Aflac stock opened at $101.94 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08. The business has a fifty day simple moving average of $106.95 and a two-hundred day simple moving average of $107.70. Aflac Incorporated has a 1 year low of $79.31 and a 1 year high of $115.50. The company has a market capitalization of $55.64 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 3.24 and a beta of 0.81.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Aflac had a net margin of 28.76% and a return on equity of 16.20%. Research analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AFL shares. UBS Group lifted their price objective on shares of Aflac from $109.00 to $114.00 and gave the stock a “neutral” rating in a research note on Wednesday. BMO Capital Markets began coverage on Aflac in a report on Thursday, January 23rd. They set a “market perform” rating and a $111.00 target price for the company. JPMorgan Chase & Co. upped their price objective on Aflac from $94.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday. Piper Sandler lifted their target price on Aflac from $118.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Barclays reduced their price target on Aflac from $98.00 to $95.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $104.29.

Insider Transactions at Aflac

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $107.63, for a total transaction of $107,630.00. Following the transaction, the director now directly owns 25,393 shares of the company’s stock, valued at approximately $2,733,048.59. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles D. Lake II sold 29,802 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $107.29, for a total transaction of $3,197,456.58. Following the completion of 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 owned by corporate insiders.

Aflac Company 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.