Northcape Wealth Management LLC Sells 661 Shares of Aflac Incorporated (NYSE:AFL)

Northcape Wealth Management LLC cut its holdings in Aflac Incorporated (NYSE:AFL) by 11.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,298 shares of the financial services provider’s stock after selling 661 shares during the quarter. Northcape Wealth Management LLC’s holdings in Aflac were worth $437,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Fortitude Family Office LLC bought a new stake in shares of Aflac during the fourth quarter worth $25,000. Bruce G. Allen Investments LLC bought a new position in Aflac during the 4th quarter worth about $32,000. Criterion Capital Advisors LLC acquired a new stake in shares of Aflac in the 4th quarter valued at about $33,000. Arlington Trust Co LLC bought a new stake in shares of Aflac in the fourth quarter valued at about $35,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Aflac during the third quarter worth about $33,000. 67.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AFL. UBS Group upped their price target on Aflac from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Wells Fargo & Company dropped their target price on Aflac from $83.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. The Goldman Sachs Group raised their price target on Aflac from $61.00 to $75.00 and gave the company a “sell” rating in a research note on Tuesday, January 9th. Raymond James upped their price objective on Aflac from $83.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Evercore ISI downgraded Aflac from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $76.00 to $78.00 in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.15.

Aflac Stock Down 1.1 %

AFL traded down $0.90 during trading on Tuesday, hitting $83.64. 2,375,264 shares of the company’s stock were exchanged, compared to its average volume of 2,271,133. Aflac Incorporated has a fifty-two week low of $64.10 and a fifty-two week high of $86.26. The stock has a market cap of $48.13 billion, a P/E ratio of 10.91, a PEG ratio of 2.29 and a beta of 0.91. The business’s 50 day moving average is $82.79 and its two-hundred day moving average is $81.82. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.33.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.22). The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Aflac had a return on equity of 17.59% and a net margin of 24.92%. During the same period in the prior year, the firm posted $1.29 EPS. As a group, equities analysts expect that Aflac Incorporated will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Aflac

In other news, Director Thomas J. Kenny sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $84.62, for a total transaction of $423,100.00. Following the completion of the sale, the director now owns 17,920 shares in the company, valued at approximately $1,516,390.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Aflac news, SVP Albert Riggieri sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $83.34, for a total value of $666,720.00. Following the transaction, the senior vice president now directly owns 32,825 shares in the company, valued at approximately $2,735,635.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas J. Kenny sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $84.62, for a total transaction of $423,100.00. Following the completion of the transaction, the director now directly owns 17,920 shares of the company’s stock, valued at approximately $1,516,390.40. The disclosure for this sale can be found here. Insiders have sold a total of 46,493 shares of company stock worth $3,765,706 over the last three months. 0.80% of the stock is currently owned by insiders.

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.