Aflac Incorporated $AFL Shares Sold by Brendel Financial Advisors LLC

Key Points

• Brendel Financial Advisors cut its stake in Aflac by 88.8% in Q4, selling 29,677 shares and leaving 3,733 shares valued at about $412,000.
• Major shareholder Post Holdings Co. Ltd. Japan sold 86,155 Aflac shares under a Rule 10b5-1 plan for roughly $9.76 million, and insiders sold a total of 572,632 shares (~$63.5M) in the past quarter.
• Aflac missed Q results (EPS $1.57 vs. $1.69 estimate; revenue $4.28B vs. $4.45B), trades near $112, and carries a consensus analyst rating of “Hold” with an average target price of about $111.82.

Brendel Financial Advisors LLC decreased its position in Aflac Incorporated (NYSE:AFL - Free Report) by 88.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,733 shares of the financial services provider's stock after selling 29,677 shares during the quarter. Brendel Financial Advisors LLC's holdings in Aflac were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AFL. True Wealth Design LLC lifted its stake in Aflac by 188.5% during the third quarter. True Wealth Design LLC now owns 225 shares of the financial services provider's stock worth $25,000 after purchasing an additional 147 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Aflac during the second quarter valued at $33,000. Westside Investment Management Inc. increased its stake in Aflac by 100.0% during the third quarter. Westside Investment Management Inc. now owns 324 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of Aflac during the fourth quarter worth $44,000. Finally, JCIC Asset Management Inc. bought a new position in shares of Aflac in the 3rd quarter worth about $45,000. 67.44% of the stock is currently owned by institutional investors.

Insider Activity at Aflac

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 86,155 shares of Aflac stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $113.24, for a total transaction of $9,756,192.20. Following the sale, the insider owned 51,636,945 shares of the company's stock, valued at approximately $5,847,367,651.80. The trade was a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 572,632 shares of company stock valued at $63,514,634 in the last quarter. 0.80% of the stock is currently owned by company insiders.

Aflac Stock Performance

Shares of AFL opened at $111.93 on Wednesday. The firm has a fifty day moving average of $111.44 and a 200-day moving average of $110.56. The company has a market cap of $57.66 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 3.66 and a beta of 0.66. 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 1 year low of $96.95 and a 1 year high of $119.32.

Aflac (NYSE:AFL - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $1.69 by ($0.12). The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.45 billion. Aflac had a return on equity of 14.35% and a net margin of 21.24%.The firm's revenue was down 9.6% on a year-over-year basis. During the same period last year, the business earned $1.57 EPS. As a group, equities analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current year.

Analyst Ratings Changes

AFL has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Aflac from $101.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, January 5th. Barclays set a $101.00 price objective on shares of Aflac and gave the stock an "underweight" rating in a research note on Thursday, January 8th. Wells Fargo & Company decreased their target price on Aflac from $118.00 to $116.00 and set an "equal weight" rating for the company in a research note on Friday, April 10th. Keefe, Bruyette & Woods upped their target price on Aflac from $113.00 to $115.00 and gave the company a "market perform" rating in a report on Friday, April 10th. Finally, TD Cowen reiterated a "hold" rating on shares of Aflac in a research report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $111.82.

Aflac Profile

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.

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