Western Wealth Management LLC Raises Position in Aflac Incorporated $AFL

Western Wealth Management LLC lifted its stake in Aflac Incorporated (NYSE:AFL) by 409.3% in the first quarter, HoldingsChannel reports. The firm owned 11,881 shares of the financial services provider’s stock after acquiring an additional 9,548 shares during the quarter. Western Wealth Management LLC’s holdings in Aflac were worth $1,303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Aflac by 64.4% during the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock worth $1,507,000 after acquiring an additional 5,708 shares in the last quarter. Bison Wealth LLC lifted its stake in Aflac by 4.3% in the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock valued at $455,000 after buying an additional 183 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Aflac in the second quarter valued at approximately $280,000. Sei Investments Co. boosted its holdings in shares of Aflac by 11.2% in the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock valued at $15,854,000 after acquiring an additional 15,105 shares during the period. Finally, Main Street Financial Solutions LLC grew its position in shares of Aflac by 1.6% during the second quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock worth $1,261,000 after acquiring an additional 192 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Price Performance

Shares of NYSE AFL opened at $127.53 on Friday. The stock has a fifty day moving average price of $119.64 and a 200 day moving average price of $114.80. Aflac Incorporated has a 1-year low of $96.95 and a 1-year high of $130.22. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $64.91 billion, a PE ratio of 14.48, a P/E/G ratio of 1.97 and a beta of 0.61.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.05). Aflac had a net margin of 25.60% and a return on equity of 13.88%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the firm posted $1.66 earnings per share. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. Sell-side analysts forecast that Aflac Incorporated will post 7.06 EPS for the current year.

Insider Transactions at Aflac

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.12, for a total value of $7,441,560.00. Following the completion of the sale, the insider owned 51,169,435 shares in the company, valued at $6,044,133,662.20. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 744,916 shares of company stock worth $87,118,632 over the last three months. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AFL shares. TD Cowen reaffirmed a “hold” rating and issued a $110.00 target price (up from $101.00) on shares of Aflac in a report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of Aflac from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Mizuho set a $112.00 price objective on shares of Aflac in a research report on Thursday, July 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Aflac from $115.00 to $120.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Finally, Evercore upgraded shares of Aflac from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Aflac has an average rating of “Hold” and a consensus target price of $116.17.

Aflac 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.