Pursuit Wealth Management LLC Takes $653,000 Position in Aflac Incorporated $AFL

Pursuit Wealth Management LLC bought a new position in Aflac Incorporated (NYSE:AFL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,926 shares of the financial services provider’s stock, valued at approximately $653,000.

Other institutional investors also recently bought and sold shares of the company. Confluence Wealth Services Inc. boosted its holdings in shares of Aflac by 0.8% during the 3rd quarter. Confluence Wealth Services Inc. now owns 11,827 shares of the financial services provider’s stock valued at $1,321,000 after purchasing an additional 97 shares during the last quarter. Courier Capital LLC lifted its position in shares of Aflac by 3.9% in the third quarter. Courier Capital LLC now owns 2,597 shares of the financial services provider’s stock worth $290,000 after buying an additional 97 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Aflac by 5.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,037 shares of the financial services provider’s stock worth $227,000 after buying an additional 99 shares in the last quarter. Stiles Financial Services Inc boosted its stake in Aflac by 3.2% during the third quarter. Stiles Financial Services Inc now owns 3,169 shares of the financial services provider’s stock valued at $354,000 after buying an additional 99 shares during the last quarter. Finally, Berkeley Capital Partners LLC grew its holdings in Aflac by 0.9% during the 3rd quarter. Berkeley Capital Partners LLC now owns 11,669 shares of the financial services provider’s stock valued at $1,303,000 after buying an additional 99 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 86,155 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $113.24, for a total value of $9,756,192.20. Following the completion of the sale, the insider owned 51,636,945 shares of the company’s stock, valued at $5,847,367,651.80. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 572,632 shares of company stock valued at $63,514,634. Corporate insiders own 0.80% of the company’s stock.

Aflac Stock Up 1.0%

NYSE AFL opened at $113.04 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 52 week low of $96.95 and a 52 week high of $119.32. The firm has a market capitalization of $58.23 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 3.68 and a beta of 0.66. The company has a fifty day moving average of $111.44 and a two-hundred day moving average of $110.58.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.12). The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Aflac had a net margin of 21.24% and a return on equity of 14.35%. The company’s revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. On average, analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AFL shares. TD Cowen reaffirmed a “hold” rating on shares of Aflac in a report on Monday, December 22nd. Wall Street Zen cut shares of Aflac from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Wells Fargo & Company decreased their price target on shares of Aflac from $118.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Evercore raised shares of Aflac from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Aflac in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.82.

About Aflac

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.