Aflac Incorporated (NYSE:AFL) Shares Purchased by Syon Capital LLC

Syon Capital LLC boosted its holdings in Aflac Incorporated (NYSE:AFL) by 37.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,200 shares of the financial services provider’s stock after buying an additional 4,152 shares during the period. Syon Capital LLC’s holdings in Aflac were worth $1,254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Aflac in the 3rd quarter valued at approximately $268,000. Impact Partnership Wealth LLC boosted its stake in shares of Aflac by 471.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 400 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 330 shares during the last quarter. SS&H Financial Advisors Inc. bought a new position in Aflac during the third quarter worth about $1,923,000. UMB Bank n.a. grew its stake in shares of Aflac by 4.8% during the 3rd quarter. UMB Bank n.a. now owns 39,020 shares of the financial services provider’s stock worth $2,995,000 after acquiring an additional 1,770 shares in the last quarter. Finally, Secure Asset Management LLC bought a new stake in Aflac in the third quarter valued at approximately $468,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Activity at Aflac

In other Aflac news, Director Arthur Reginald Collins sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $79.73, for a total value of $239,190.00. Following the completion of the sale, the director now owns 5,592 shares of the company’s stock, valued at $445,850.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Aflac news, Director Arthur Reginald Collins sold 3,000 shares of Aflac stock in a transaction that occurred 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 directly owns 5,592 shares of the company’s stock, valued at $445,850.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Masatoshi Koide sold 30,493 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $79.91, for a total transaction of $2,436,695.63. Following the completion of the sale, the director now directly owns 86,090 shares in the company, valued at approximately $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 Price Performance

Shares of AFL stock traded down $0.55 during mid-day trading on Thursday, hitting $83.73. 1,831,427 shares of the stock traded hands, compared to its average volume of 2,278,364. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $48.18 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 2.30 and a beta of 0.91. The company’s 50-day simple moving average is $82.53 and its 200-day simple moving average is $81.70. Aflac Incorporated has a twelve month low of $64.10 and a twelve month high of $86.26.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.25 EPS for the quarter, missing the consensus estimate 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 company earned $1.29 EPS. As a group, equities research analysts expect that Aflac Incorporated will post 6.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AFL. StockNews.com downgraded Aflac from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Piper Sandler boosted their price objective on shares of Aflac from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Keefe, Bruyette & Woods raised their price objective on shares of Aflac from $83.00 to $87.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Raymond James lifted their price target on shares of 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 reduced their target price on Aflac from $83.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $82.15.

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.