Woodstock Corp Takes Position in Aflac Incorporated (NYSE:AFL)

Woodstock Corp acquired a new stake in Aflac Incorporated (NYSE:AFL – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,200 shares of the financial services provider’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AFL. New Millennium Group LLC purchased a new stake in shares of Aflac during the second quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new position in Aflac during the third quarter worth $26,000. Capital Wealth Alliance LLC acquired a new position in Aflac during the second quarter worth $27,000. MinichMacGregor Wealth Management LLC acquired a new position in Aflac during the fourth quarter worth $27,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Aflac during the third quarter worth $34,000. 66.22% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Aflac news, Director Joseph L. Moskowitz sold 500 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $71.98, for a total transaction of $35,990.00. Following the sale, the director now owns 19,751 shares in the company, valued at approximately $1,421,676.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Masatoshi Koide sold 19,291 shares of the stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $70.36, for a total value of $1,357,314.76. Following the transaction, the director now owns 87,598 shares in the company, valued at approximately $6,163,395.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph L. Moskowitz sold 500 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $71.98, for a total value of $35,990.00. Following the completion of the transaction, the director now owns 19,751 shares in the company, valued at approximately $1,421,676.98. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com assumed coverage on Aflac in a research note on Thursday. They set a “hold” rating on the stock. Truist Financial boosted their price objective on Aflac from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. Piper Sandler boosted their price objective on Aflac from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, November 18th. Raymond James upped their price target on Aflac from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, January 30th. Finally, JPMorgan Chase & Co. upped their price target on Aflac from $62.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, January 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $71.75.

Aflac Price Performance

AFL stock opened at $61.29 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $37.52 billion, a PE ratio of 9.33, a P/E/G ratio of 2.26 and a beta of 0.94. Aflac Incorporated has a 12-month low of $52.07 and a 12-month high of $74.01. The business’s fifty day moving average price is $69.23 and its 200 day moving average price is $66.73.

Aflac (NYSE:AFL – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.08. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.49 billion. Aflac had a return on equity of 13.69% and a net margin of 21.54%. The company’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. On average, sell-side analysts anticipate that Aflac Incorporated will post 5.59 EPS for the current year.

Aflac Company Profile

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Aflac, Inc is a holding company. engages in the provision of financial protection services. It operates through the followings segments: Aflac Japan and Aflac United States (U.S.). The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.