Rockefeller Capital Management L.P. Trims Stock Holdings in Aflac Incorporated (NYSE:AFL)

Rockefeller Capital Management L.P. trimmed its position in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 384,014 shares of the financial services provider's stock after selling 29,266 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.07% of Aflac worth $39,719,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AFL. Whipplewood Advisors LLC acquired a new position in shares of Aflac in the fourth quarter worth about $26,000. BankPlus Trust Department purchased a new stake in Aflac in the 4th quarter valued at $34,000. Curio Wealth LLC acquired a new stake in shares of Aflac in the 4th quarter worth $36,000. OFI Invest Asset Management purchased a new stake in shares of Aflac in the fourth quarter valued at about $38,000. Finally, Rialto Wealth Management LLC acquired a new position in Aflac in the fourth quarter valued at approximately $41,000. Institutional investors own 67.44% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on AFL. Piper Sandler upped their price target on Aflac from $118.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Barclays lowered their price objective on shares of Aflac from $98.00 to $95.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Keefe, Bruyette & Woods reduced their target price on shares of Aflac from $107.00 to $104.00 and set a "market perform" rating on the stock in a report on Wednesday, February 12th. StockNews.com raised Aflac from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Morgan Stanley decreased their target price on Aflac from $105.00 to $100.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $103.93.

Insider Buying and Selling at Aflac

In other Aflac news, Director Joseph L. Moskowitz sold 1,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were 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 directly owns 25,393 shares in the company, valued at approximately $2,733,048.59. The trade was a 3.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles D. Lake II sold 29,802 shares of Aflac stock in a transaction 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 sale, the director now directly owns 49,962 shares of the company's stock, valued at $5,360,422.98. The trade was a 37.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Aflac Price Performance

Shares of AFL stock traded up $0.01 on Friday, reaching $107.35. The company's stock had a trading volume of 2,294,639 shares, compared to its average volume of 2,143,134. Aflac Incorporated has a 12-month low of $80.11 and a 12-month high of $115.50. The company has a market capitalization of $58.59 billion, a P/E ratio of 11.18, a PEG ratio of 3.24 and a beta of 0.81. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The stock's 50 day simple moving average is $106.64 and its 200-day simple moving average is $107.37.

Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (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, equities analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

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.