Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 5.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,207,226 shares of the financial services provider’s stock after selling 75,300 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Aflac were worth $132,445,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in Aflac in the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Aflac in the 4th quarter valued at $29,000. Navalign LLC acquired a new position in shares of Aflac in the 4th quarter valued at $32,000. Darwin Wealth Management LLC bought a new stake in shares of Aflac in the 2nd quarter valued at $33,000. Finally, Activest Wealth Management increased its position in shares of Aflac by 95.6% in the 4th quarter. Activest Wealth Management now owns 311 shares of the financial services provider’s stock valued at $34,000 after buying an additional 152 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.
Aflac Stock Down 0.0%
AFL traded down $0.01 during trading on Friday, hitting $121.98. The company had a trading volume of 1,193,224 shares, compared to its average volume of 2,392,482. The company has a market capitalization of $62.08 billion, a PE ratio of 13.85, a PEG ratio of 2.14 and a beta of 0.61. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.26. Aflac Incorporated has a one year low of $96.95 and a one year high of $122.80. The firm’s 50-day moving average price is $116.91 and its 200 day moving average price is $113.28.
Aflac Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were issued a dividend of $0.61 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis 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, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $116.71, for a total value of $3,249,789.95. Following the sale, the insider owned 50,898,490 shares in the company, valued at approximately $5,940,362,767.90. The trade was a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph L. Moskowitz sold 12,370 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $116.54, for a total value of $1,441,599.80. Following the transaction, the director directly owned 33,310 shares of the company’s stock, valued at approximately $3,881,947.40. This trade represents a 27.08% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 744,916 shares of company stock worth $87,118,632. 0.80% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on AFL. Weiss Ratings lowered Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday. Wells Fargo & Company raised their price target on Aflac from $111.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $130.00 price objective (up from $125.00) on shares of Aflac in a report on Tuesday, May 26th. Barclays decreased their price objective on Aflac from $99.00 to $98.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aflac currently has a consensus rating of “Hold” and an average price target of $114.08.
View Our Latest Stock Report on Aflac
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.
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