CWA Asset Management Group LLC Takes $241,000 Position in Aflac Incorporated (NYSE:AFL)

CWA Asset Management Group LLC acquired a new stake in Aflac Incorporated (NYSE:AFL – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 3,351 shares of the financial services provider’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AFL. New Millennium Group LLC purchased a new stake in shares of Aflac in the second quarter valued at $25,000. EdgeRock Capital LLC acquired a new position in Aflac in the third quarter valued at $26,000. Capital Wealth Alliance LLC acquired a new position in Aflac in the second quarter valued at $27,000. MinichMacGregor Wealth Management LLC acquired a new position in Aflac in the fourth quarter valued at $27,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Aflac in the third quarter valued at $34,000. Hedge funds and other institutional investors own 66.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Raymond James lifted their target price on Aflac from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, January 30th. JPMorgan Chase & Co. boosted their price objective on Aflac from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, January 6th. Truist Financial boosted their price objective on Aflac from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. StockNews.com assumed coverage on Aflac in a research note on Thursday. They set a “hold” rating on the stock. Finally, Morgan Stanley reduced their price objective on Aflac from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, February 24th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Aflac has an average rating of “Hold” and an average target price of $71.75.

Insider Activity at Aflac

In related news, Director Joseph L. Moskowitz sold 500 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $71.98, for a total value of $35,990.00. Following the completion of the sale, the director now directly owns 19,751 shares of the company’s stock, valued at $1,421,676.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Masatoshi Koide sold 19,291 shares of the business’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $70.36, for a total value of $1,357,314.76. Following the completion of the sale, the director now directly owns 87,598 shares of the company’s stock, valued at $6,163,395.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph L. Moskowitz sold 500 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $71.98, for a total value of $35,990.00. Following the completion of the sale, the director now directly owns 19,751 shares of the company’s stock, valued at $1,421,676.98. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Aflac Trading Down 1.9 %

NYSE:AFL opened at $61.29 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.06 and a current ratio of 0.06. Aflac Incorporated has a one year low of $52.07 and a one year high of $74.01. The business’s 50-day simple moving average is $69.23 and its 200 day simple moving average is $66.77. The stock has a market cap of $37.52 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94.

Aflac (NYSE:AFL – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.08. The firm had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.49 billion. Aflac had a return on equity of 13.69% and a net margin of 21.54%. Aflac’s quarterly revenue was down 26.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. As a group, sell-side analysts predict that Aflac Incorporated will post 5.59 earnings per share for the current fiscal year.

Aflac Profile

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Aflac, Inc is a holding company. engages in the provision of financial protection services. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.