Aflac Incorporated (NYSE:AFL) Shares Purchased by Consolidated Planning Corp

Consolidated Planning Corp raised its stake in Aflac Incorporated (NYSE:AFL) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,500 shares of the financial services provider’s stock after buying an additional 153 shares during the period. Consolidated Planning Corp’s holdings in Aflac were worth $289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in shares of Aflac during the 4th quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Aflac during the 4th quarter worth approximately $32,000. Criterion Capital Advisors LLC acquired a new position in shares of Aflac during the 4th quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new position in shares of Aflac during the 4th quarter worth approximately $35,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Aflac during the 3rd quarter worth approximately $33,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AFL shares. Keefe, Bruyette & Woods lifted their price objective on Aflac from $83.00 to $87.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Evercore ISI downgraded Aflac from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $76.00 to $78.00 in a report on Thursday, January 4th. Morgan Stanley boosted their price target on Aflac from $80.00 to $84.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. The Goldman Sachs Group boosted their price target on Aflac from $61.00 to $75.00 and gave the company a “sell” rating in a report on Tuesday, January 9th. Finally, Raymond James boosted their price target on Aflac from $83.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $82.15.

Aflac Stock Down 0.1 %

Aflac stock traded down $0.12 during trading on Friday, reaching $83.61. 1,839,028 shares of the company’s stock were exchanged, compared to its average volume of 2,169,786. 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 company’s 50-day moving average is $82.69 and its two-hundred day moving average is $81.77. The firm has a market cap of $48.11 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 2.29 and a beta of 0.91. Aflac Incorporated has a 52-week low of $64.10 and a 52-week high of $86.26.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.22). The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Aflac had a net margin of 24.92% and a return on equity of 17.59%. During the same period in the previous year, the company earned $1.29 earnings per share. On average, analysts predict that Aflac Incorporated will post 6.41 earnings per share for the current year.

Insider Buying and Selling at Aflac

In other Aflac news, SVP Albert Riggieri sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $83.34, for a total value of $666,720.00. Following the completion of the transaction, the senior vice president now directly owns 32,825 shares of the company’s stock, valued at approximately $2,735,635.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Albert Riggieri sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $83.34, for a total value of $666,720.00. Following the sale, the senior vice president now owns 32,825 shares in the company, valued at approximately $2,735,635.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arthur Reginald Collins sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $79.73, for a total transaction of $239,190.00. Following the completion of the sale, the director now owns 5,592 shares in the company, valued at approximately $445,850.16. 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 ninety days. Insiders own 0.90% of the company’s stock.

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.