Foguth Wealth Management LLC. Invests $467,000 in Aflac Incorporated $AFL

Foguth Wealth Management LLC. purchased a new position in shares of Aflac Incorporated (NYSE:AFL) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,153 shares of the financial services provider’s stock, valued at approximately $467,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in Aflac during the 1st quarter worth approximately $25,000. Groupe la Francaise acquired a new stake in shares of Aflac in the 1st quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Aflac in the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Aflac in the fourth quarter valued at approximately $29,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Aflac in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Stock Performance

Shares of AFL stock opened at $127.53 on Friday. The stock has a fifty day moving average price of $119.64 and a 200 day moving average price of $114.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $64.91 billion, a PE ratio of 14.48, a P/E/G ratio of 1.97 and a beta of 0.61. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $130.22.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.05). The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the company posted $1.66 EPS. Sell-side analysts forecast that Aflac Incorporated will post 7.06 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $116.71, for a total value of $3,249,789.95. Following the sale, the insider directly owned 50,898,490 shares of the company’s stock, valued at approximately $5,940,362,767.90. This represents a 0.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph L. Moskowitz sold 12,370 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $116.54, for a total transaction of $1,441,599.80. Following the transaction, the director owned 33,310 shares of the company’s stock, valued at $3,881,947.40. This trade represents a 27.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 744,916 shares of company stock worth $87,118,632 over the last quarter. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AFL. Evercore upgraded Aflac from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Jefferies Financial Group restated a “hold” rating and set a $108.00 target price (up from $100.00) on shares of Aflac in a research report on Friday, July 10th. Piper Sandler reaffirmed an “overweight” rating and set a $130.00 price target (up from $125.00) on shares of Aflac in a research note on Tuesday, May 26th. Finally, Barclays cut their price target on shares of Aflac from $99.00 to $98.00 and set an “underweight” rating for the company in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Aflac has an average rating of “Hold” and a consensus target price of $116.17.

Aflac Profile

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.