HB Wealth Management LLC Sells 10,544 Shares of Aflac Incorporated $AFL

Key Points

• HB Wealth Management LLC cut its stake in Aflac by 14.1%, selling 10,544 shares and leaving it with 64,479 shares valued at about $7.11 million.
• Aflac missed quarterly expectations with EPS of $1.57 vs. $1.69 estimated and revenue of $4.28B (down 9.6% YoY); analysts' consensus remains a "Hold" with an average target of $111.82.
• Major shareholder Post Holdings sold 86,155 shares (~$9.76M) and insiders have offloaded 572,632 shares (~$63.5M) in the past 90 days; institutional ownership is high at 67.44% while insiders own 0.80%.

HB Wealth Management LLC cut its holdings in Aflac Incorporated (NYSE:AFL - Free Report) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,479 shares of the financial services provider's stock after selling 10,544 shares during the period. HB Wealth Management LLC's holdings in Aflac were worth $7,110,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC grew its position in Aflac by 64.4% during the fourth quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider's stock worth $1,507,000 after buying an additional 5,708 shares in the last quarter. Bison Wealth LLC grew its position in Aflac by 4.3% during the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider's stock worth $455,000 after buying an additional 183 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Aflac during the second quarter worth about $280,000. Sei Investments Co. grew its position in Aflac by 11.2% during the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider's stock worth $15,854,000 after buying an additional 15,105 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its position in Aflac by 1.6% during the second quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider's stock worth $1,261,000 after buying an additional 192 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Aflac Stock Up 0.3%

NYSE AFL opened at $115.14 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock's 50 day moving average is $111.29 and its two-hundred day moving average is $110.73. The company has a market capitalization of $59.32 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 3.14 and a beta of 0.66. 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 company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.45 billion. Aflac had a net margin of 21.24% and a return on equity of 14.35%. The firm's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. Equities analysts forecast that Aflac Incorporated will post 7.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AFL. Evercore raised Aflac from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, April 9th. Wall Street Zen downgraded Aflac from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Wells Fargo & Company decreased their target price on Aflac from $118.00 to $116.00 and set an "equal weight" rating on the stock in a research report on Friday, April 10th. Keefe, Bruyette & Woods lifted their target price on Aflac from $113.00 to $115.00 and gave the stock a "market perform" rating in a research report on Friday, April 10th. Finally, UBS Group decreased their target price on Aflac from $116.00 to $114.00 and set a "neutral" rating on the stock in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Aflac currently has a consensus rating of "Hold" and an average target price of $111.82.

Insiders Place Their Bets

In other Aflac 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 directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 572,632 shares of company stock worth $63,514,634 over the last 90 days. 0.80% of the stock is currently owned by insiders.

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.

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