Aflac Incorporated (NYSE:AFL) Shares Sold by Tradition Wealth Management LLC

Tradition Wealth Management LLC lowered its stake in shares of Aflac Incorporated (NYSE:AFL) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,884 shares of the financial services provider’s stock after selling 268 shares during the quarter. Tradition Wealth Management LLC’s holdings in Aflac were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AFL. Whipplewood Advisors LLC purchased a new stake in Aflac in the fourth quarter valued at $26,000. BankPlus Trust Department acquired a new stake in shares of Aflac during the fourth quarter worth about $34,000. Curio Wealth LLC purchased a new stake in shares of Aflac in the 4th quarter valued at about $36,000. OFI Invest Asset Management acquired a new stake in shares of Aflac in the 4th quarter valued at about $38,000. Finally, Rialto Wealth Management LLC purchased a new position in Aflac during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BMO Capital Markets initiated coverage on Aflac in a report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Aflac from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their target price on shares of Aflac from $107.00 to $104.00 and set a “market perform” rating for the company in a report on Wednesday, February 12th. Barclays lowered their price target on Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price objective on Aflac from $94.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Aflac currently has an average rating of “Hold” and an average price target of $103.93.

Insider Buying and Selling

In other news, Director Charles D. Lake II sold 29,802 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $107.29, for a total value of $3,197,456.58. Following the sale, the director now directly owns 49,962 shares in the company, valued at $5,360,422.98. This represents a 37.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph L. Moskowitz sold 1,000 shares of Aflac stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $107.63, for a total value of $107,630.00. Following the transaction, the director now owns 25,393 shares of the company’s stock, valued at $2,733,048.59. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Aflac Stock Down 2.3 %

Shares of NYSE AFL opened at $104.99 on Tuesday. The stock has a market capitalization of $57.31 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 3.24 and a beta of 0.81. Aflac Incorporated has a 52 week low of $80.59 and a 52 week high of $115.50. The firm has a 50-day moving average price of $106.76 and a 200 day moving average price of $107.16. 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 (NYSE:AFL) last released its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share 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 research analysts anticipate that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

About Aflac

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.