Main Street Financial Solutions LLC Has $761,000 Stock Position in Aflac Incorporated (NYSE:AFL)

Main Street Financial Solutions LLC lessened its holdings in Aflac Incorporated (NYSE:AFL) by 39.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,354 shares of the financial services provider’s stock after selling 4,808 shares during the period. Main Street Financial Solutions LLC’s holdings in Aflac were worth $761,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC lifted its stake in Aflac by 10.1% during the 3rd quarter. Barclays PLC now owns 1,391,127 shares of the financial services provider’s stock valued at $155,529,000 after acquiring an additional 127,911 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of Aflac by 29.3% in the third quarter. McIlrath & Eck LLC now owns 2,490 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 564 shares during the last quarter. Anchor Investment Management LLC lifted its position in shares of Aflac by 4.4% during the third quarter. Anchor Investment Management LLC now owns 20,384 shares of the financial services provider’s stock valued at $2,279,000 after purchasing an additional 852 shares in the last quarter. World Investment Advisors LLC purchased a new position in Aflac during the third quarter worth about $594,000. Finally, Wilmington Savings Fund Society FSB grew its position in Aflac by 5.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 158,424 shares of the financial services provider’s stock worth $17,712,000 after purchasing an additional 8,274 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the company’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 $2,733,048.59. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles D. Lake II sold 29,802 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $107.29, for a total transaction of $3,197,456.58. Following the completion of the sale, the director now directly owns 49,962 shares in the company, valued at approximately $5,360,422.98. This trade represents a 37.36 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Aflac Trading Down 0.6 %

Shares of AFL stock opened at $107.43 on Thursday. The business has a 50-day moving average price of $106.54 and a two-hundred day moving average price of $107.40. The firm has a market cap of $58.64 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 3.24 and a beta of 0.81. Aflac Incorporated has a 12-month low of $79.93 and a 12-month high of $115.50. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last posted its quarterly earnings results 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 return on equity of 16.20% and a net margin of 28.76%. Equities analysts anticipate that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AFL. Morgan Stanley dropped their price target on Aflac from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. UBS Group raised their price target on shares of Aflac from $109.00 to $114.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. 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 report on Wednesday, February 19th. Finally, Piper Sandler lifted their price objective on Aflac from $118.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aflac currently has a consensus rating of “Hold” and an average price target of $103.93.

About Aflac

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.