Fairway Wealth LLC Purchases New Stake in Aflac Incorporated (NYSE:AFL)

Fairway Wealth LLC acquired a new position in shares of Aflac Incorporated (NYSE:AFL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 950 shares of the financial services provider’s stock, valued at approximately $98,000.

Other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Aflac by 6.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,694,511 shares of the financial services provider’s stock worth $524,846,000 after acquiring an additional 281,148 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Aflac by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,226,681 shares of the financial services provider’s stock valued at $333,768,000 after purchasing an additional 47,119 shares during the last quarter. Amundi raised its holdings in shares of Aflac by 81.1% during the 4th quarter. Amundi now owns 2,753,513 shares of the financial services provider’s stock worth $285,181,000 after buying an additional 1,232,683 shares in the last quarter. Guinness Asset Management LTD raised its holdings in shares of Aflac by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 2,395,045 shares of the financial services provider’s stock worth $247,682,000 after buying an additional 118,720 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Aflac by 2.0% during the 4th quarter. Assetmark Inc. now owns 1,616,772 shares of the financial services provider’s stock worth $167,239,000 after buying an additional 32,220 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Insider Transactions at Aflac

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of Aflac stock in a transaction on Friday, December 27th. The shares were sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the sale, the executive vice president now directly owns 222,618 shares of the company’s stock, valued at approximately $23,018,701.20. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AFL. Piper Sandler decreased their target price on Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Keefe, Bruyette & Woods dropped their price objective on shares of Aflac from $107.00 to $104.00 and set a “market perform” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley boosted their target price on shares of Aflac from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Wells Fargo & Company dropped their price target on Aflac from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Finally, Evercore ISI cut their price objective on Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Aflac presently has a consensus rating of “Hold” and a consensus target price of $103.36.

Aflac Price Performance

Shares of NYSE AFL opened at $106.73 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $58.34 billion, a PE ratio of 11.12, a P/E/G ratio of 3.24 and a beta of 0.93. The firm has a fifty day simple moving average of $105.15 and a 200 day simple moving average of $107.73. Aflac Incorporated has a twelve month low of $79.31 and a twelve month high of $115.50.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Aflac had a net margin of 28.76% and a return on equity of 16.20%. On average, sell-side analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

About Aflac

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.