Mutual of America Capital Management LLC Sells 2,171 Shares of Aflac Incorporated (NYSE:AFL)

Mutual of America Capital Management LLC cut its holdings in shares of Aflac Incorporated (NYSE:AFL) by 3.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 59,897 shares of the financial services provider’s stock after selling 2,171 shares during the period. Mutual of America Capital Management LLC’s holdings in Aflac were worth $6,196,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Aflac by 6.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,694,511 shares of the financial services provider’s stock valued at $524,846,000 after acquiring an additional 281,148 shares in the last quarter. Guinness Asset Management LTD boosted its position in Aflac by 5.2% during the fourth quarter. Guinness Asset Management LTD now owns 2,395,045 shares of the financial services provider’s stock valued at $247,682,000 after purchasing an additional 118,720 shares in the last quarter. National Pension Service grew its stake in Aflac by 8.9% in the third quarter. National Pension Service now owns 1,662,514 shares of the financial services provider’s stock valued at $185,869,000 after purchasing an additional 136,238 shares during the last quarter. Assetmark Inc. grew its stake in Aflac by 0.7% in the third quarter. Assetmark Inc. now owns 1,584,552 shares of the financial services provider’s stock valued at $177,153,000 after purchasing an additional 10,487 shares during the last quarter. Finally, Barclays PLC raised its holdings in Aflac by 10.1% in the third quarter. Barclays PLC now owns 1,391,127 shares of the financial services provider’s stock worth $155,529,000 after purchasing an additional 127,911 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the sale, the executive vice president now directly owns 222,618 shares of the company’s stock, valued at approximately $23,018,701.20. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.

Aflac Trading Up 0.5 %

Shares of NYSE:AFL opened at $110.00 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 52-week low of $78.62 and a 52-week high of $115.50. The stock has a market cap of $61.11 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 3.24 and a beta of 0.99. The business has a 50-day moving average price of $104.71 and a 200-day moving average price of $107.65.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. Equities analysts predict that Aflac Incorporated will post 6.88 EPS for the current year.

Analysts Set New Price Targets

AFL has been the topic of a number of recent analyst reports. Evercore ISI lowered their price target on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price target on shares of Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Piper Sandler reduced their price target on Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. BMO Capital Markets started coverage on Aflac in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price objective for the company. Finally, Morgan Stanley upped their target price on Aflac from $98.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $103.36.

Aflac 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.