Parr Mcknight Wealth Management Group LLC Has $3.77 Million Stock Position in Aflac Incorporated $AFL

Parr Mcknight Wealth Management Group LLC reduced its holdings in Aflac Incorporated (NYSE:AFL) by 36.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. 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 quarter.

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

Insider Activity

In other news, EVP Steven Kent Beaver sold 5,492 shares of the company’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 completion of the sale, the executive vice president owned 38,368 shares in the company, valued at $4,202,447.04. This represents a 12.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Evercore upped their price objective on shares of Aflac from $110.00 to $111.00 and gave the company an “underperform” rating in a report on Friday, November 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $119.00 target price (up from $110.00) on shares of Aflac in a research report on Tuesday, December 30th. Wells Fargo & Company upped their price target on Aflac from $107.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “buy (b+)” rating on shares of Aflac in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $110.91.

Aflac Stock Performance

Shares of Aflac stock opened at $112.27 on Tuesday. Aflac Incorporated has a 52 week low of $96.95 and a 52 week high of $119.32. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $111.31 and a 200-day moving average price of $109.81. The company has a market cap of $58.84 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 3.73 and a beta of 0.67.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.12). The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.45 billion. Aflac had a return on equity of 14.35% and a net margin of 21.24%.The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 EPS. Equities analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

About Aflac

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.