Tounjian Advisory Partners LLC Has $2.81 Million Stock Holdings in Aflac Incorporated $AFL

Tounjian Advisory Partners LLC lowered its stake in Aflac Incorporated (NYSE:AFL) by 21.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,154 shares of the financial services provider’s stock after selling 6,882 shares during the quarter. Aflac makes up approximately 0.9% of Tounjian Advisory Partners LLC’s investment portfolio, making the stock its 25th largest position. Tounjian Advisory Partners LLC’s holdings in Aflac were worth $2,810,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC lifted its stake in Aflac by 10.4% in the third quarter. ProShare Advisors LLC now owns 1,731,482 shares of the financial services provider’s stock valued at $193,407,000 after acquiring an additional 163,791 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Aflac by 3.8% in the 3rd quarter. Nordea Investment Management AB now owns 1,768,705 shares of the financial services provider’s stock valued at $196,662,000 after purchasing an additional 65,308 shares during the period. Wedbush Securities Inc. lifted its stake in Aflac by 126.1% in the 3rd quarter. Wedbush Securities Inc. now owns 21,345 shares of the financial services provider’s stock valued at $2,384,000 after purchasing an additional 11,903 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Aflac by 12.0% during the third quarter. Jones Financial Companies Lllp now owns 97,344 shares of the financial services provider’s stock worth $10,841,000 after purchasing an additional 10,423 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in Aflac by 31.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 55,022 shares of the financial services provider’s stock worth $6,146,000 after purchasing an additional 13,017 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AFL has been the topic of several research analyst reports. Evercore upped their price objective on Aflac from $110.00 to $111.00 and gave the company an “underperform” rating in a research note on Friday, November 7th. Wells Fargo & Company increased their price target on Aflac from $109.00 to $118.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wall Street Zen cut shares of Aflac from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aflac in a report on Monday, December 22nd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $119.00 price objective (up from $110.00) on shares of Aflac in a research report on Tuesday, December 30th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $111.73.

Aflac Trading Down 1.1%

Shares of Aflac stock opened at $112.75 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a 50-day moving average of $111.52 and a 200-day moving average of $109.98. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $119.32. The stock has a market cap of $58.22 billion, a PE ratio of 16.39, a PEG ratio of 3.74 and a beta of 0.67.

Aflac (NYSE:AFL) last released its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.12). Aflac had a return on equity of 14.35% and a net margin of 21.24%.The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the business posted $1.57 earnings per share. Aflac’s revenue was down 9.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

Insider Activity at Aflac

In other news, EVP Steven Kent Beaver sold 7,387 shares of Aflac stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $113.58, for a total value of $839,015.46. Following the completion of the sale, the executive vice president directly owned 40,526 shares in the company, valued at approximately $4,602,943.08. The trade was a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 16,331 shares of company stock worth $1,817,720 over the last quarter. 0.90% of the stock is currently owned by company insiders.

Aflac Company 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.