Aflac Incorporated (NYSE:AFL) Position Trimmed by Secure Asset Management LLC

Secure Asset Management LLC lessened its holdings in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 60.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,286 shares of the financial services provider's stock after selling 3,443 shares during the quarter. Secure Asset Management LLC's holdings in Aflac were worth $254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AFL. Brighton Jones LLC grew its stake in shares of Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider's stock valued at $1,507,000 after buying an additional 5,708 shares in the last quarter. Spire Wealth Management grew its stake in shares of Aflac by 86.1% in the 4th quarter. Spire Wealth Management now owns 3,863 shares of the financial services provider's stock valued at $400,000 after buying an additional 1,787 shares in the last quarter. Trust Point Inc. grew its stake in shares of Aflac by 4.6% in the 4th quarter. Trust Point Inc. now owns 3,967 shares of the financial services provider's stock valued at $410,000 after buying an additional 176 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of Aflac by 7.7% in the 4th quarter. Stratos Wealth Advisors LLC now owns 2,923 shares of the financial services provider's stock valued at $302,000 after buying an additional 210 shares in the last quarter. Finally, Stratos Investment Management LLC grew its stake in shares of Aflac by 26.1% in the 4th quarter. Stratos Investment Management LLC now owns 2,576 shares of the financial services provider's stock valued at $267,000 after buying an additional 533 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company's stock.

Insider Activity at Aflac

In related news, Director Masatoshi Koide sold 37,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $105.59, for a total value of $3,906,830.00. Following the completion of the transaction, the director now directly owns 70,992 shares in the company, valued at approximately $7,496,045.28. This represents a 34.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arthur Reginald Collins sold 2,750 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $105.70, for a total value of $290,675.00. Following the completion of the transaction, the director now owns 6,728 shares of the company's stock, valued at $711,149.60. The trade was a 29.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,552 shares of company stock worth $7,501,752. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AFL. Morgan Stanley boosted their price target on Aflac from $100.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Raymond James decreased their target price on Aflac from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. JPMorgan Chase & Co. upped their target price on Aflac from $94.00 to $96.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Piper Sandler upped their target price on Aflac from $118.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their target price on Aflac from $104.00 to $106.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $104.93.

Aflac Stock Down 0.7%

Shares of AFL stock opened at $102.08 on Friday. Aflac Incorporated has a 12 month low of $86.46 and a 12 month high of $115.50. The firm has a market cap of $55.19 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 3.24 and a beta of 0.84. The stock has a 50 day moving average of $105.56 and a 200-day moving average of $106.00. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.66 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($0.01). Aflac had a return on equity of 16.20% and a net margin of 28.76%. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the firm earned $1.66 earnings per share. The firm's quarterly revenue was down 37.5% compared to the same quarter last year. On average, equities analysts predict that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 21st were paid a $0.58 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.27%. Aflac's payout ratio is 36.25%.

Aflac Company Profile

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

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