A company insider recently sold 22,291 shares of Aflac Incorporated [AFL]. Should You Sale?

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The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Aflac Incorporated shares valued at $1,568,395 were sold by LAKE CHARLES D II on Feb 14. At $70.36 per share, LAKE CHARLES D II sold 22,291 shares. The insider’s holdings dropped to 53,925 shares worth approximately $3.5 million following the completion of this transaction.

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Also, Koide Masatoshi sold 19,291 shares, netting a total of over 1,357,315 in proceeds. Following the sale of shares at $70.36 each, the insider now holds 87,598 shares.

Before that, MOSKOWITZ JOSEPH L had sold 500 shares from its account. In a trade valued at $35,990, the Director traded Aflac Incorporated shares for $71.98 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $1.28 million.

As published in their initiating research note from Citigroup on May 24, 2022, Aflac Incorporated [AFL] has been a Neutral and the price target has been revised to $60. This represents a -8.07% premium over Thursday’s closing price. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in late January. As of January 21, 2022, Wolfe Research has initiated its “Peer perform” rating for AFL. Earlier on January 12, 2022, UBS resumed its rating. Their recommendation was “a Neutral” for AFL stock.

Analyzing AFL Stock Performance

On Thursday, Aflac Incorporated [NYSE: AFL] plunged -1.94% to $64.84. The stock’s lowest price that day was $64.53, but it reached a high of $66.50 in the same session. During the last five days, there has been a drop of approximately -4.03%. Over the course of the year, Aflac Incorporated shares have dropped approximately -9.87%. Shares of the company reached a 52-week high of $74.01 on 01/06/23 and a 52-week low of $64.53 on 03/09/23. A 50-day SMA is recorded $70.43, while a 200-day SMA reached $63.73. Nevertheless, trading volume fell to 3.23 million shares from 2.33 million shares the previous day.

Support And Resistance Levels for Aflac Incorporated (AFL)

According to the 24-hour chart, there is a support level at 64.08, which, if violated, would cause prices to drop to 63.32. In the upper region, resistance lies at 66.05. The next price resistance is at 67.26. RSI (Relative Strength Index) is 27.75 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.79, which suggests the price will decrease in the coming days. Percent R is at 93.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Aflac Incorporated subject to short interest?

Stocks of Aflac Incorporated saw a sharp steep in short interest on Jan 30, 2023 dropping by -0.6 million shares to 9.39 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 9.99 million shares. A decline of -6.39% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.07 of the overall float, the days-to-cover ratio (short ratio) decline to 3.07.

Which companies own the most shares of Aflac Incorporated (AFL)?

According to The Vanguard Group, Inc. filings, the company currently owns 52,415,295 shares, which is about 8.43% of the total AFL shares outstanding. The investor’s shares have plunged by -249,064 from its previous 13-F filing of 52664359.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $2,178,124,872. BlackRock Fund Advisors acquire a 0.97% interest valued at $2.16 billion while Wells Fargo Clearing Services LLC sold a -106,265 stake. A total of -171,044 shares of Aflac Incorporated were sold by Geode Capital Management LLC during the quarter, and -133,045 were sold by Northern Trust Investments, Inc. In its current portfolio, LSV Asset Management holds 5,635,594 shares valued at $414.22 million.

In terms of Aflac Incorporated share price expectations, FactSet research, analysts set an average price target of $71.50 in the next 12 months, up nearly 8.89% from the previous closing price of $66.12. Analysts anticipate Aflac Incorporated stock to reach $80.00 by 2023, with the lowest price target being $57.00. In spite of this, 15 analysts ranked Aflac Incorporated stock as a Hold at the end of 2023. On December 03, 2021, Goldman assigned a price target of “a Sell” to the stock and initiated coverage with a $52.


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