Aflac Incorporated $AFL Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB trimmed its holdings in shares of Aflac Incorporated (NYSE:AFL) by 4.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,116 shares of the financial services provider’s stock after selling 5,708 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Aflac were worth $15,428,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC boosted its stake 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 acquiring an additional 147 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Aflac during the second quarter worth $33,000. Westside Investment Management Inc. raised its position in shares of Aflac by 100.0% during 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. JCIC Asset Management Inc. purchased a new stake in shares of Aflac during the third quarter valued at $45,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Aflac by 110.9% during the third quarter. Physician Wealth Advisors Inc. now owns 407 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 214 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AFL shares. Wall Street Zen cut Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aflac in a research note on Monday, December 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $119.00 target price (up from $110.00) on shares of Aflac in a report on Tuesday, December 30th. Morgan Stanley set a $120.00 price target on shares of Aflac in a report on Monday, December 15th. Finally, Mizuho set a $107.00 price objective on shares of Aflac in a research note on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Aflac presently has an average rating of “Hold” and a consensus price target of $111.73.

Insider Activity at Aflac

In related news, EVP Steven Kent Beaver sold 7,387 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $113.58, for a total value of $839,015.46. Following the transaction, the executive vice president owned 40,526 shares in the company, valued at approximately $4,602,943.08. This represents a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Post Holdings Co. Ltd. Japan sold 17,400 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $109.14, for a total transaction of $1,899,036.00. Following the transaction, the insider directly owned 52,132,700 shares in the company, valued at approximately $5,689,762,878. The trade was a 0.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 151,077 shares of company stock valued at $16,648,784. 0.80% of the stock is owned by corporate insiders.

Aflac Trading Up 0.4%

Aflac stock opened at $109.53 on Wednesday. Aflac Incorporated has a 12 month low of $96.95 and a 12 month 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 stock has a market cap of $56.56 billion, a P/E ratio of 15.92, a P/E/G ratio of 3.57 and a beta of 0.66. The company’s fifty day simple moving average is $111.52 and its 200-day simple moving average is $110.37.

Aflac (NYSE:AFL) last announced its quarterly earnings data 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 firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Aflac had a return on equity of 14.35% and a net margin of 21.24%.Aflac’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 earnings per share. As a group, sell-side analysts forecast that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

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.