Meridian Wealth Management LLC purchased a new position in AFLAC Incorporated (NYSE:AFL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,200 shares of the financial services provider’s stock, valued at approximately $60,000.
Several other institutional investors have also made changes to their positions in the business. Hancock Whitney Corp bought a new position in shares of AFLAC during the fourth quarter worth about $1,687,000. Norges Bank bought a new position in shares of AFLAC during the fourth quarter worth about $260,062,000. Victory Capital Management Inc. grew its holdings in shares of AFLAC by 12.6% during the first quarter. Victory Capital Management Inc. now owns 6,235,323 shares of the financial services provider’s stock worth $311,766,000 after buying an additional 696,326 shares in the last quarter. Brown Advisory Inc. grew its stake in AFLAC by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 347,517 shares of the financial services provider’s stock valued at $15,833,000 after purchasing an additional 2,985 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in AFLAC by 2.2% in the first quarter. PNC Financial Services Group Inc. now owns 329,029 shares of the financial services provider’s stock valued at $16,452,000 after purchasing an additional 7,119 shares in the last quarter. Institutional investors own 66.69% of the company’s stock.
In related news, Director Toshihiko Fukuzawa sold 1,500 shares of AFLAC stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $51.00, for a total transaction of $76,500.00. Following the completion of the sale, the director now directly owns 12,816 shares of the company’s stock, valued at approximately $653,616. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Koji Ariyoshi sold 63,703 shares of AFLAC stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $52.20, for a total value of $3,325,296.60. Following the sale, the vice president now directly owns 49,129 shares of the company’s stock, valued at $2,564,533.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,324 shares of company stock valued at $7,635,840. Insiders own 1.30% of the company’s stock.
Shares of AFL traded down $0.15 during mid-day trading on Thursday, reaching $56.36. The company’s stock had a trading volume of 2,430,423 shares, compared to its average volume of 3,159,754. AFLAC Incorporated has a 1-year low of $41.45 and a 1-year high of $57.08. The stock has a market cap of $42.28 billion, a PE ratio of 13.55, a P/E/G ratio of 3.85 and a beta of 0.72. The business’s 50-day moving average price is $54.34. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.07. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. As a group, research analysts predict that AFLAC Incorporated will post 4.3 EPS for the current fiscal year.
A number of research analysts have weighed in on AFL shares. Raymond James set a C$80.00 price target on West Fraser Timber and gave the company a “strong-buy” rating in a research note on Tuesday, June 18th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Barclays set a $34.00 price target on DCP Midstream and gave the company a “hold” rating in a research note on Wednesday, May 22nd. UBS Group raised their price target on Spotify Technology from $180.00 to $182.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $51.27.
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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