Private Advisor Group LLC increased its stake in Aflac Incorporated (NYSE:AFL – Free Report) by 30.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,268 shares of the financial services provider’s stock after buying an additional 6,105 shares during the quarter. Private Advisor Group LLC’s holdings in Aflac were worth $2,882,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Stephens Inc. AR grew its position in Aflac by 0.4% in the fourth quarter. Stephens Inc. AR now owns 21,945 shares of the financial services provider’s stock valued at $2,420,000 after acquiring an additional 91 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Aflac by 4.5% during the fourth quarter. Root Financial Partners LLC now owns 2,119 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 92 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Aflac by 0.5% in the fourth quarter. CENTRAL TRUST Co now owns 19,088 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 95 shares during the period. HBK Sorce Advisory LLC boosted its stake in shares of Aflac by 1.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 7,702 shares of the financial services provider’s stock valued at $902,000 after purchasing an additional 95 shares during the period. Finally, Confluence Wealth Services Inc. grew its holdings in Aflac by 0.8% during the 4th quarter. Confluence Wealth Services Inc. now owns 11,923 shares of the financial services provider’s stock valued at $1,315,000 after purchasing an additional 96 shares in the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.
Aflac Stock Performance
Shares of AFL stock opened at $121.88 on Friday. The stock has a market capitalization of $62.03 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 2.13 and a beta of 0.61. Aflac Incorporated has a one year low of $96.95 and a one year high of $122.80. The company’s 50-day simple moving average is $116.79 and its 200-day simple moving average is $113.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11.
Aflac Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were given a $0.61 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 annualized dividend and a dividend yield of 2.0%. Aflac’s dividend payout ratio (DPR) is presently 27.70%.
Insider Buying and Selling
In other Aflac news, Director Joseph L. Moskowitz sold 12,370 shares of Aflac stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $116.54, for a total value of $1,441,599.80. Following the completion of the transaction, the director owned 33,310 shares of the company’s stock, valued at $3,881,947.40. The trade was a 27.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $116.71, for a total transaction of $3,249,789.95. Following the sale, the insider owned 50,898,490 shares of the company’s stock, valued at approximately $5,940,362,767.90. The trade was a 0.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 744,916 shares of company stock valued at $87,118,632 over the last quarter. Company insiders own 0.80% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on AFL shares. UBS Group reaffirmed a “neutral” rating and set a $124.00 price target (up from $114.00) on shares of Aflac in a research note on Wednesday. Piper Sandler restated an “overweight” rating and set a $130.00 target price (up from $125.00) on shares of Aflac in a research note on Tuesday, May 26th. Wells Fargo & Company lifted their target price on Aflac from $111.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their price target on Aflac from $113.00 to $115.00 and gave the stock a “market perform” rating in a research note on Friday, April 10th. Finally, Weiss Ratings downgraded Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Aflac currently has an average rating of “Hold” and a consensus price target of $114.64.
Check Out Our Latest Analysis on AFL
About Aflac
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.
See Also
- Five stocks we like better than Aflac
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Receive News & Ratings for Aflac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac and related companies with MarketBeat.com's FREE daily email newsletter.
