Keel Point LLC Has $409,000 Stock Holdings in Aflac Incorporated (NYSE:AFL)

Keel Point LLC increased its holdings in shares of Aflac Incorporated (NYSE:AFL) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,959 shares of the financial services provider’s stock after buying an additional 220 shares during the period. Keel Point LLC’s holdings in Aflac were worth $409,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AFL. Dakota Wealth Management raised its holdings in Aflac by 520.2% during the 4th quarter. Dakota Wealth Management now owns 36,195 shares of the financial services provider’s stock worth $2,986,000 after purchasing an additional 30,359 shares during the last quarter. Triasima Portfolio Management inc. raised its holdings in Aflac by 28.2% during the 4th quarter. Triasima Portfolio Management inc. now owns 40,845 shares of the financial services provider’s stock worth $3,370,000 after purchasing an additional 8,985 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Aflac during the 4th quarter worth approximately $2,656,000. MV Capital Management Inc. raised its holdings in Aflac by 10.9% during the 4th quarter. MV Capital Management Inc. now owns 4,192 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 413 shares during the last quarter. Finally, Simplicity Solutions LLC raised its holdings in Aflac by 7.3% during the 4th quarter. Simplicity Solutions LLC now owns 11,244 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 764 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Evercore ISI lowered shares of Aflac from an “in-line” rating to an “underperform” rating and lifted their price objective for the company from $76.00 to $78.00 in a research note on Thursday, January 4th. Wells Fargo & Company lowered their price objective on shares of Aflac from $83.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, April 11th. Raymond James lifted their price objective on shares of Aflac from $83.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group lifted their price objective on shares of Aflac from $61.00 to $75.00 and gave the company a “sell” rating in a research note on Tuesday, January 9th. Finally, Piper Sandler lifted their price objective on shares of Aflac from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $82.15.

Aflac Stock Down 0.0 %

AFL opened at $80.27 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.06 and a quick ratio of 0.06. The company’s 50-day moving average is $81.96 and its 200 day moving average is $81.44. Aflac Incorporated has a fifty-two week low of $64.10 and a fifty-two week high of $86.26. The firm has a market capitalization of $46.19 billion, a P/E ratio of 10.36, a PEG ratio of 2.20 and a beta of 0.91.

Aflac (NYSE:AFL) last released its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.22). Aflac had a net margin of 24.92% and a return on equity of 17.59%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the business earned $1.29 earnings per share. Research analysts expect that Aflac Incorporated will post 6.41 earnings per share for the current fiscal year.

Insider Activity at Aflac

In related news, Director Thomas J. Kenny sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $84.62, for a total transaction of $423,100.00. Following the transaction, the director now directly owns 17,920 shares of the company’s stock, valued at $1,516,390.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Aflac news, Director Thomas J. Kenny sold 5,000 shares of Aflac stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $84.62, for a total value of $423,100.00. Following the sale, the director now owns 17,920 shares of the company’s stock, valued at $1,516,390.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Masatoshi Koide sold 30,493 shares of Aflac stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $79.91, for a total transaction of $2,436,695.63. Following the completion of the sale, the director now directly owns 86,090 shares in the company, valued at approximately $6,879,451.90. The disclosure for this sale can be found here. Insiders have sold 46,493 shares of company stock valued at $3,765,706 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

Aflac Profile

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.