Signature Estate & Investment Advisors LLC Has $1.83 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

Signature Estate & Investment Advisors LLC reduced its stake in Aflac Incorporated (NYSE:AFL) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,659 shares of the financial services provider’s stock after selling 500 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Aflac were worth $1,827,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Whipplewood Advisors LLC acquired a new stake in Aflac during the fourth quarter worth approximately $26,000. BankPlus Trust Department acquired a new stake in Aflac during the 4th quarter worth approximately $34,000. Curio Wealth LLC bought a new stake in Aflac in the 4th quarter valued at $36,000. Raelipskie Partnership acquired a new position in Aflac in the 3rd quarter valued at $38,000. Finally, OFI Invest Asset Management bought a new position in Aflac during the 4th quarter worth $38,000. 67.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Aflac

In other Aflac news, Director Joseph L. Moskowitz sold 1,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $107.63, for a total transaction of $107,630.00. Following the transaction, the director now directly owns 25,393 shares in the company, valued at approximately $2,733,048.59. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Audrey B. Tillman sold 24,744 shares of the business’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the transaction, the executive vice president now owns 222,618 shares in the company, valued at $23,018,701.20. The trade was a 10.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,546 shares of company stock valued at $5,863,616. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AFL has been the topic of a number of analyst reports. BMO Capital Markets began coverage on Aflac in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Evercore ISI reduced their price target on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Piper Sandler reduced their target price on Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $103.36.

Aflac Trading Down 0.1 %

Shares of NYSE AFL opened at $109.56 on Wednesday. The firm has a 50 day moving average price of $106.21 and a two-hundred day moving average price of $107.62. The stock has a market cap of $59.88 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 3.24 and a beta of 0.93. Aflac Incorporated has a 52-week low of $79.31 and a 52-week high of $115.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share 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%. As a group, equities analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

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.