Foguth Wealth Management LLC. Takes Position in Aflac Incorporated $AFL

Foguth Wealth Management LLC. acquired a new stake in shares of Aflac Incorporated (NYSE:AFL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,153 shares of the financial services provider’s stock, valued at approximately $467,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Aflac by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider’s stock valued at $6,301,056,000 after purchasing an additional 6,759,169 shares in the last quarter. Norges Bank acquired a new stake in shares of Aflac during the 4th quarter worth about $420,078,000. First Trust Advisors LP grew its holdings in shares of Aflac by 161.9% during the first quarter. First Trust Advisors LP now owns 3,184,801 shares of the financial services provider’s stock worth $349,405,000 after buying an additional 1,968,738 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Aflac by 1,184.5% during the third quarter. AQR Capital Management LLC now owns 1,264,090 shares of the financial services provider’s stock worth $141,199,000 after buying an additional 1,165,676 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Aflac by 390.7% in the fourth quarter. Marshall Wace LLP now owns 1,111,711 shares of the financial services provider’s stock valued at $122,588,000 after buying an additional 885,141 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insiders Place Their Bets

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of Aflac stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.12, for a total value of $7,441,560.00. Following the transaction, the insider owned 51,169,435 shares in the company, valued at $6,044,133,662.20. This trade represents a 0.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 744,916 shares of company stock worth $87,118,632 over the last quarter. Company insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the topic of several recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $130.00 price objective (up from $125.00) on shares of Aflac in a research note on Tuesday, May 26th. Evercore raised shares of Aflac from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Weiss Ratings upgraded Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 23rd. Barclays reduced their price target on Aflac from $99.00 to $98.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods raised their price objective on Aflac from $115.00 to $120.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Aflac presently has a consensus rating of “Hold” and a consensus price target of $116.17.

Aflac Trading Up 0.1%

NYSE AFL opened at $127.53 on Friday. The company has a market cap of $64.91 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.97 and a beta of 0.61. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $130.22. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. The company has a 50-day moving average of $119.64 and a 200-day moving average of $114.80.

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

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.