Profund Advisors LLC boosted its position in Aflac (NYSE:AFL) by 29.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,171 shares of the financial services provider’s stock after buying an additional 2,800 shares during the period. Profund Advisors LLC’s holdings in Aflac were worth $1,068,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of AFL. SeaCrest Wealth Management LLC acquired a new position in Aflac during the 4th quarter valued at about $101,000. Omnia Family Wealth LLC boosted its stake in shares of Aflac by 261.9% in the 4th quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock worth $109,000 after buying an additional 901 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its stake in shares of Aflac by 4,338.7% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,345 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of Aflac in the 4th quarter worth approximately $121,000. Finally, Legacy Advisors LLC lifted its stake in Aflac by 921.5% in the fourth quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 1,327 shares during the last quarter. 68.72% of the stock is owned by institutional investors and hedge funds.
AFL has been the topic of several research analyst reports. ValuEngine upgraded Aflac from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Wells Fargo reissued a “market perform” rating and set a $45.00 target price (up previously from $42.00) on shares of Aflac in a report on Tuesday, January 9th. Zacks Investment Research raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of Aflac in a report on Tuesday, January 16th. Finally, Citigroup raised shares of Aflac to a “strong-buy” rating and upped their price target for the stock from $44.00 to $50.00 in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Aflac presently has an average rating of “Hold” and an average target price of $44.68.
In related news, Director Joseph L. Moskowitz bought 550 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $89.13 per share, for a total transaction of $49,021.50. Following the completion of the acquisition, the director now owns 9,263 shares of the company’s stock, valued at approximately $825,611.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles B. Knapp sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $43.72, for a total transaction of $437,200.00. Following the completion of the sale, the director now owns 76,582 shares in the company, valued at approximately $3,348,165.04. The disclosure for this sale can be found here. Insiders have sold 37,631 shares of company stock valued at $2,919,118 in the last three months. 3.00% of the stock is owned by insiders.
AFL stock opened at $43.37 on Friday. Aflac has a 1 year low of $36.32 and a 1 year high of $45.88. The stock has a market capitalization of $34,479.16, a P/E ratio of 12.76, a P/E/G ratio of 1.75 and a beta of 0.95. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22.
Aflac (NYSE:AFL) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.44 billion. Aflac had a net margin of 20.18% and a return on equity of 12.29%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. equities analysts anticipate that Aflac will post 3.87 earnings per share for the current fiscal year.
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Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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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