Illinois Municipal Retirement Fund cut its stake in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 25.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 155,722 shares of the financial services provider’s stock after selling 53,735 shares during the period. Illinois Municipal Retirement Fund’s holdings in Aflac were worth $12,847,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in AFL. Fortitude Family Office LLC purchased a new stake in shares of Aflac during the fourth quarter worth $25,000. Impact Partnership Wealth LLC grew its holdings in shares of Aflac by 471.4% during the third quarter. Impact Partnership Wealth LLC now owns 400 shares of the financial services provider’s stock worth $31,000 after buying an additional 330 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Aflac during the fourth quarter worth $32,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Aflac during the third quarter worth $33,000. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Aflac during the fourth quarter worth $33,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Aflac
In other Aflac news, Director Thomas J. Kenny sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $84.62, for a total value of $423,100.00. Following the completion of the sale, the director now owns 17,920 shares of the company’s stock, valued at $1,516,390.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP Albert Riggieri sold 8,000 shares of Aflac stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $83.34, for a total transaction of $666,720.00. Following the completion of the transaction, the senior vice president now owns 32,825 shares of the company’s stock, valued at approximately $2,735,635.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas J. Kenny sold 5,000 shares of Aflac stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $84.62, for a total value of $423,100.00. Following the transaction, the director now directly owns 17,920 shares of the company’s stock, valued at approximately $1,516,390.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,493 shares of company stock valued at $3,765,706. 0.80% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on AFL
Aflac Stock Performance
Shares of AFL traded up $0.23 during mid-day trading on Tuesday, reaching $83.75. 593,488 shares of the company’s stock were exchanged, compared to its average volume of 2,266,339. 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 stock has a market capitalization of $48.19 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 2.28 and a beta of 0.91. The business’s fifty day simple moving average is $82.31 and its 200-day simple moving average is $81.64. Aflac Incorporated has a 52-week low of $64.10 and a 52-week high of $86.26.
Aflac (NYSE:AFL – Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the business earned $1.29 earnings per share. On average, equities research analysts expect that Aflac Incorporated will post 6.41 earnings per share for the current year.
Aflac Company 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.
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