Aflac Incorporated (NYSE:AFL) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC trimmed its holdings in Aflac Incorporated (NYSE:AFL - Free Report) by 5.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,133 shares of the financial services provider's stock after selling 3,437 shares during the period. Kestra Private Wealth Services LLC's holdings in Aflac were worth $6,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its position in shares of Aflac by 121.9% in the 1st quarter. Golden State Wealth Management LLC now owns 304 shares of the financial services provider's stock worth $34,000 after acquiring an additional 167 shares in the last quarter. Garde Capital Inc. acquired a new position in Aflac during the 1st quarter worth $36,000. Capital A Wealth Management LLC bought a new stake in Aflac in the fourth quarter worth about $38,000. NBC Securities Inc. bought a new stake in Aflac in the first quarter worth about $44,000. Finally, JCIC Asset Management Inc. acquired a new stake in shares of Aflac during the first quarter worth $44,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Keefe, Bruyette & Woods boosted their target price on Aflac from $104.00 to $106.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Raymond James Financial dropped their target price on Aflac from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. Morgan Stanley increased their price target on Aflac from $100.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Wall Street Zen lowered Aflac from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Finally, UBS Group raised their price target on Aflac from $109.00 to $114.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $107.07.

Aflac Stock Performance

NYSE:AFL opened at $101.78 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.09 and a current ratio of 0.09. Aflac Incorporated has a 52-week low of $93.00 and a 52-week high of $115.50. The firm has a market cap of $55.03 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 3.15 and a beta of 0.81. The business's fifty day moving average is $103.33 and its 200 day moving average is $105.18.

Aflac (NYSE:AFL - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.01). Aflac had a net margin of 21.27% and a return on equity of 15.55%. The company had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $4.53 billion. During the same quarter in the prior year, the company earned $1.66 earnings per share. The company's revenue was down 37.5% compared to the same quarter last year. Research analysts predict that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 21st were given a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.32 annualized dividend and a dividend yield of 2.28%. Aflac's payout ratio is 36.25%.

Insider Buying and Selling

In other Aflac news, Director Masatoshi Koide sold 37,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $105.59, for a total transaction of $3,906,830.00. Following the sale, the director owned 70,992 shares of the company's stock, valued at approximately $7,496,045.28. This trade represents a 34.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur Reginald Collins sold 2,750 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $105.70, for a total value of $290,675.00. Following the completion of the sale, the director directly owned 6,728 shares of the company's stock, valued at $711,149.60. The trade was a 29.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,750 shares of company stock worth $4,304,295. Corporate insiders own 0.90% of the company's stock.

Aflac 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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