NewCorp Financial Services Inc. Acquires New Shares in Aflac Incorporated $AFL

NewCorp Financial Services Inc. acquired a new stake in Aflac Incorporated (NYSE:AFL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,518 shares of the financial services provider’s stock, valued at approximately $719,000. Aflac comprises 0.6% of NewCorp Financial Services Inc.’s investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Navalign LLC acquired a new position in Aflac during the 4th quarter worth $32,000. Darwin Wealth Management LLC acquired a new position in Aflac during the 2nd quarter worth $33,000. Activest Wealth Management lifted its position in Aflac by 95.6% during the 4th quarter. Activest Wealth Management now owns 311 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 152 shares during the last quarter. Westside Investment Management Inc. lifted its position in Aflac by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 324 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 162 shares during the last quarter. Finally, Park Square Financial Group LLC lifted its position in Aflac by 80.6% during the 4th quarter. Park Square Financial Group LLC now owns 354 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 158 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Activity

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 166,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $112.38, for a total transaction of $18,655,080.00. Following the transaction, the insider directly owned 51,723,100 shares in the company, valued at approximately $5,812,641,978. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 910,436 shares of company stock worth $103,126,371 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.

Aflac News Roundup

Here are the key news stories impacting Aflac this week:

• Positive Sentiment: Aflac issued yen-denominated senior notes, which should improve financial flexibility and support capital management. Aflac Issues Yen-Denominated Senior Notes for Flexibility
• Positive Sentiment: Recent analyst estimates remain slightly above current consensus, with DOWLING & PARTN projecting modest earnings growth into FY2027 and FY2028, suggesting longer-term earnings momentum. Aflac analyst estimates
• Neutral Sentiment: Several insider sales by Post Holdings Co. Ltd. Japan were disclosed, but they were pre-arranged Rule 10b5-1 transactions and represent only small reductions in ownership. Post Holdings Co. Ltd. Japan Sells 31,100 Shares of Aflac (NYSE:AFL) Stock
• Neutral Sentiment: EVP Steven Kent Beaver also sold shares in a disclosed transaction, which may weigh on sentiment but does not appear to signal a fundamental change. Steven Kent Beaver Sells 5,508 Shares of Aflac (NYSE:AFL) Stock
• Negative Sentiment: Aflac’s last quarterly report missed EPS expectations, and some analysts have trimmed or only maintained cautious ratings, limiting upside enthusiasm. Aflac earnings and analyst coverage

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AFL shares. Piper Sandler reissued an “overweight” rating and set a $130.00 target price (up from $125.00) on shares of Aflac in a research report on Tuesday, May 26th. Weiss Ratings lowered shares of Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Morgan Stanley boosted their target price on shares of Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Barclays set a $99.00 target price on shares of Aflac and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Aflac from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Aflac presently has an average rating of “Hold” and an average price target of $112.27.

Aflac Stock Performance

NYSE:AFL opened at $112.37 on Monday. The firm’s 50-day moving average is $113.08 and its 200-day moving average is $111.77. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $119.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $57.20 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.97 and a beta of 0.61.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.66 EPS. Equities research analysts anticipate that Aflac Incorporated will post 7.08 earnings per share for the current year.

Aflac Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, May 20th. Aflac’s dividend payout ratio is currently 27.70%.

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.