Yousif Capital Management LLC Sells 7,168 Shares of Aflac Incorporated $AFL

Yousif Capital Management LLC cut its stake in shares of Aflac Incorporated (NYSE:AFL) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 140,664 shares of the financial services provider’s stock after selling 7,168 shares during the period. Yousif Capital Management LLC’s holdings in Aflac were worth $15,369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Confluence Wealth Services Inc. increased its position in shares of Aflac by 0.8% in the 3rd quarter. Confluence Wealth Services Inc. now owns 11,827 shares of the financial services provider’s stock valued at $1,321,000 after buying an additional 97 shares in the last quarter. Courier Capital LLC grew its holdings in shares of Aflac by 3.9% in the 3rd quarter. Courier Capital LLC now owns 2,597 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 97 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Aflac by 5.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,037 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 99 shares in the last quarter. Stiles Financial Services Inc grew its holdings in shares of Aflac by 3.2% in the 3rd quarter. Stiles Financial Services Inc now owns 3,169 shares of the financial services provider’s stock valued at $354,000 after acquiring an additional 99 shares in the last quarter. Finally, Berkeley Capital Partners LLC grew its holdings in shares of Aflac by 0.9% in the 3rd quarter. Berkeley Capital Partners LLC now owns 11,669 shares of the financial services provider’s stock valued at $1,303,000 after acquiring an additional 99 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AFL shares. Barclays set a $101.00 price objective on Aflac and gave the company an “underweight” rating in a report on Thursday, January 8th. Wells Fargo & Company lifted their price objective on shares of Aflac from $109.00 to $118.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Aflac in a report on Monday, December 22nd. Piper Sandler upgraded Aflac to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, Raymond James Financial restated an “outperform” rating and issued a $119.00 price objective (up from $110.00) on shares of Aflac in a research note on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Aflac presently has an average rating of “Hold” and a consensus target price of $112.00.

Aflac Stock Up 0.1%

Aflac stock opened at $110.39 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $119.32. The firm has a 50 day moving average price of $111.31 and a two-hundred day moving average price of $110.45. The firm has a market cap of $56.87 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 3.62 and a beta of 0.66.

Aflac (NYSE:AFL) last released its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.12). Aflac had a return on equity of 14.35% and a net margin of 21.24%.The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the business posted $1.57 EPS. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. Equities analysts predict that Aflac Incorporated will post 6.88 EPS for the current year.

Insider Buying and Selling at Aflac

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 21,500 shares of Aflac stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $110.34, for a total value of $2,372,310.00. Following the completion of the transaction, the insider directly owned 51,913,300 shares of the company’s stock, valued at approximately $5,728,113,522. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 296,277 shares of company stock valued at $32,430,472. Company insiders own 0.80% of the company’s stock.

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.