Sei Investments Co. Sells 50,891 Shares of Aflac Incorporated (NYSE:AFL)

Sei Investments Co. lowered its position in shares of Aflac Incorporated (NYSE:AFL) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,946 shares of the financial services provider’s stock after selling 50,891 shares during the period. Sei Investments Co.’s holdings in Aflac were worth $20,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AFL. Private Trust Co. NA increased its holdings in shares of Aflac by 1.3% in the 4th quarter. Private Trust Co. NA now owns 7,643 shares of the financial services provider’s stock worth $791,000 after purchasing an additional 99 shares in the last quarter. Phillips Wealth Planners LLC boosted its position in shares of Aflac by 1.5% during the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock valued at $662,000 after buying an additional 100 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in Aflac by 23.2% in the 4th quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock worth $55,000 after buying an additional 100 shares in the last quarter. TKG Advisors LLC raised its position in Aflac by 0.5% in the 4th quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider’s stock worth $2,230,000 after buying an additional 103 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its stake in Aflac by 1.6% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,960 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 107 shares during the period. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Aflac Trading Up 0.6 %

Aflac stock opened at $110.41 on Thursday. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 12-month low of $79.31 and a 12-month high of $115.50. The firm has a market capitalization of $60.35 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 3.24 and a beta of 0.93. The firm has a 50 day moving average of $106.32 and a 200 day moving average of $107.64.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $1.56 EPS for the quarter, missing the consensus estimate 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, research analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on AFL. StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Evercore ISI decreased their target price on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating for the company in a research note on Wednesday, December 4th. Wells Fargo & Company dropped their price target on Aflac from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Piper Sandler cut their price objective on Aflac from $122.00 to $118.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, BMO Capital Markets started coverage on Aflac in a report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Aflac currently has an average rating of “Hold” and a consensus price target of $103.36.

Insider Buying and Selling at Aflac

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $107.63, for a total transaction of $107,630.00. Following the completion of the sale, the director now owns 25,393 shares in the company, valued at approximately $2,733,048.59. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles D. Lake II sold 29,802 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $107.29, for a total value of $3,197,456.58. Following the completion of the transaction, the director now directly owns 49,962 shares in the company, valued at approximately $5,360,422.98. This represents a 37.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,546 shares of company stock valued at $5,863,616 over the last ninety days. 0.90% of the stock is currently owned by company insiders.

Aflac Company 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.