Parr Mcknight Wealth Management Group LLC Sells 19,087 Shares of Aflac Incorporated $AFL

Parr Mcknight Wealth Management Group LLC cut its holdings in Aflac Incorporated (NYSE:AFL) by 36.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,768 shares of the financial services provider’s stock after selling 19,087 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Aflac were worth $3,772,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC boosted its stake in shares of Aflac by 188.5% in the 3rd quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. Chilton Capital Management LLC bought a new position in Aflac in the 2nd quarter valued at approximately $26,000. Whipplewood Advisors LLC boosted its position in Aflac by 1,526.7% in the second quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock valued at $26,000 after buying an additional 229 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Aflac during the second quarter worth $33,000. Finally, Westside Investment Management Inc. grew its stake in shares of Aflac by 100.0% during the third quarter. Westside Investment Management Inc. now owns 324 shares of the financial services provider’s stock worth $36,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Steven Kent Beaver sold 5,492 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $109.53, for a total value of $601,538.76. Following the transaction, the executive vice president owned 38,368 shares in the company, valued at $4,202,447.04. The trade was a 12.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

Aflac Price Performance

Aflac stock opened at $112.27 on Tuesday. The stock’s 50 day moving average is $111.31 and its 200 day moving average is $109.81. Aflac Incorporated has a one year low of $96.95 and a one year high of $119.32. The firm has a market cap of $58.84 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.73 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.12). The firm had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.45 billion. Aflac had a net margin of 21.24% and a return on equity of 14.35%. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. As a group, research analysts expect that Aflac Incorporated will post 6.88 EPS for the current year.

Analyst Upgrades and Downgrades

AFL has been the subject of a number of research reports. Mizuho set a $107.00 price target on Aflac in a research note on Monday, February 9th. Evercore upped their target price on Aflac from $110.00 to $111.00 and gave the stock an “underperform” rating in a report on Friday, November 7th. Wells Fargo & Company increased their target price on Aflac from $107.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Raymond James Financial reissued an “outperform” rating and set a $119.00 price target (up from $110.00) on shares of Aflac in a research note on Tuesday, December 30th. Finally, JPMorgan Chase & Co. upped their price objective on Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $110.91.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.