Jericho Financial LLP Has $5.38 Million Stock Holdings in Aflac Incorporated $AFL

Jericho Financial LLP lifted its holdings in Aflac Incorporated (NYSE:AFL) by 12.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,756 shares of the financial services provider’s stock after purchasing an additional 5,480 shares during the quarter. Aflac comprises 3.2% of Jericho Financial LLP’s holdings, making the stock its 14th biggest position. Jericho Financial LLP’s holdings in Aflac were worth $5,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Confluence Wealth Services Inc. grew its position in shares of Aflac by 0.8% in the 3rd quarter. Confluence Wealth Services Inc. now owns 11,827 shares of the financial services provider’s stock valued at $1,321,000 after purchasing an additional 97 shares during the period. Courier Capital LLC grew its position in shares of Aflac by 3.9% in the 3rd quarter. Courier Capital LLC now owns 2,597 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 97 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of Aflac by 5.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,037 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 99 shares during the period. Stiles Financial Services Inc grew its position in shares of Aflac by 3.2% in the 3rd quarter. Stiles Financial Services Inc now owns 3,169 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 99 shares during the period. Finally, Berkeley Capital Partners LLC grew its position in shares of Aflac by 0.9% in the 3rd quarter. Berkeley Capital Partners LLC now owns 11,669 shares of the financial services provider’s stock valued at $1,303,000 after purchasing an additional 99 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 21,500 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $110.34, for a total transaction of $2,372,310.00. Following the sale, the insider owned 51,913,300 shares in the company, valued at $5,728,113,522. This represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 296,277 shares of company stock worth $32,430,472. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Raymond James Financial reiterated 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. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aflac in a research report on Monday, December 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $113.00 price objective on shares of Aflac in a research report on Thursday, March 26th. TD Cowen reiterated a “hold” rating on shares of Aflac in a research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $112.00.

Aflac Trading Up 0.1%

Shares of Aflac stock opened at $110.39 on Wednesday. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $119.32. The stock has a market cap of $56.87 billion, a P/E ratio of 16.05, a P/E/G ratio of 3.62 and a beta of 0.66. 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’s 50 day moving average is $111.31 and its 200-day moving average is $110.45.

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 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 company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the company earned $1.57 EPS. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. Equities research analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

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.