Aflac Incorporated’s filing revealed that its Chairman & Rep. Director, ALIJ LAKE CHARLES D II unloaded Company’s shares for reported $1.57 million on Feb 14. In the deal valued at $70.36 per share,22,291 shares were sold. As a result of this transaction, LAKE CHARLES D II now holds 53,925 shares worth roughly $ 3.68 million.
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Then, Koide Masatoshi sold 19,291 shares, generating $1,357,315 in total proceeds. Upon selling the shares at $70.36, the Pres. and Rep. Director, ALIJ now owns 87,598 shares.
Before that, MOSKOWITZ JOSEPH L sold 500 shares. Aflac Incorporated shares valued at $35,990 were divested by the Director at a price of $71.98 per share. As a result of the transaction, MOSKOWITZ JOSEPH L now holds 19,751 shares, worth roughly $1.35 million.
Citigroup initiated its Aflac Incorporated [AFL] rating to a Neutral in a research note published on Monday, May 24, 2022; the price target was $60. PT values the company’s stock at a premium of -13.72 to its Monday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late January with a ‘”a Hold”‘ rating. Wolfe Research began covering AFL with “Peer perform” recommendation on January 21, 2022. UBS maintained its rating on January 12, 2022. It rated AFL as “a Neutral”.
Price Performance Review of AFL
On Monday, Aflac Incorporated [NYSE:AFL] saw its stock fall -0.50% to $68.23. On the same session, the stock had its day’s lowest price of $68.115, but rose to a high of $69.14. Over the last five days, the stock has lost -1.64%. Aflac Incorporated shares have fallen nearly -5.16% since the year began. Nevertheless, the stocks have risen 14.44% over the past one year. While a 52-week high of $74.01 was reached on 01/06/23, a 52-week low of $52.07 was recorded on 02/24/23. SMA at 50 days reached $70.91, while 200 days put it at $63.29. A total of 1.76 million shares were traded, compared to the trading of 1.81 million shares in the previous session.
Levels Of Support And Resistance For AFL Stock
The 24-hour chart illustrates a support level at 67.85, which if violated will result in even more drops to 67.47. On the upside, there is a resistance level at 68.88. A further resistance level may holdings at 69.52. The Relative Strength Index (RSI) on the 14-day chart is 39.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.39%. Stochastics %K at 19.97% indicates the stock is a buying.
How much short interest is there in Aflac Incorporated?
A steep rise in short interest was recorded in Aflac Incorporated stocks on Jan 30, 2023, dropping by -0.6 million shares to a total of 9.39 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 9.99 million shares. There was a decline of -6.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.54% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.07.
Aflac Incorporated [AFL] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 52,415,295 shares, or roughly 8.43% of the outstanding AFL shares. In other words, the investor’s shares have fallen by -249,064 from its previous 13-F filing of 52664359.0. Additionally, SSgA Funds Management, Inc. decreased -3.06% of its stake after which the total value it holdings stand at $2,178,124,872, while BlackRock Fund Advisors added 0.97% of its stake to hold $2.16 billion in the firm. Over the last quarter, Wells Fargo Clearing Services LLC sold -106,265 shares of Aflac Incorporated, while Geode Capital Management LLC sold -171,044 shares. At present, Northern Trust Investments, Inc. is holding 6,509,859 shares valued at $478.47 million. LSV Asset Management owned 5,635,594 shares of the company at the time of its most recent 13F filing, worth $414.22 million.
According to FactSet, Aflac Incorporated’s share price will average $71.36 in the next year, based on opinions of analysts polled by the firm. This is up nearly 4.27 percent from its previous closing price of $68.57. Analysts expect Aflac Incorporated stock to reach the higher price of $80.00, while the lowest price estimate is $57.00. However, 15 analysts have rated AFL stock as a Hold in their predictions for 2023. The most recent change occurred on December 03, 2021 when Goldman began covering the stock and recommended ‘”a Sell”‘ rating along with a $52 price target.