Parr Mcknight Wealth Management Group LLC Has $5.55 Million Holdings in Aflac Incorporated (NYSE:AFL)

Parr Mcknight Wealth Management Group LLC cut its stake in Aflac Incorporated (NYSE:AFL - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,955 shares of the financial services provider's stock after selling 4,645 shares during the period. Parr Mcknight Wealth Management Group LLC's holdings in Aflac were worth $5,554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AFL. Golden State Wealth Management LLC increased its stake in shares of Aflac by 121.9% during the first 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 during the period. Curio Wealth LLC acquired a new position in Aflac during the fourth quarter worth about $36,000. Garde Capital Inc. acquired a new position in Aflac during the first quarter worth about $36,000. Capital A Wealth Management LLC acquired a new position in Aflac during the fourth quarter worth about $38,000. Finally, NBC Securities Inc. acquired a new position in Aflac during the first quarter worth about $44,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Aflac Price Performance

Shares of NYSE:AFL traded down $0.54 during trading on Friday, reaching $101.74. The company had a trading volume of 643,703 shares, compared to its average volume of 2,149,911. The firm's fifty day moving average is $103.87 and its 200 day moving average is $105.24. The firm has a market capitalization of $55.01 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 3.15 and a beta of 0.81. Aflac Incorporated has a twelve month low of $90.38 and a twelve month high of $115.50. 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 (NYSE:AFL - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $1.66 EPS 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 business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the company earned $1.66 earnings per share. The firm's revenue for the quarter was down 37.5% on a year-over-year basis. On average, equities analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Aflac from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday. Morgan Stanley upped their price target on shares of Aflac from $100.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Wall Street Zen downgraded shares of Aflac from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Wells Fargo & Company upped their price objective on shares of Aflac from $103.00 to $105.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, UBS Group upped their price objective on shares of Aflac from $109.00 to $114.00 and gave the company a "neutral" rating in a research note 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 stock. According to data from MarketBeat, Aflac has an average rating of "Hold" and an average target price of $107.07.

Insider Activity at Aflac

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $106.79, for a total value of $106,790.00. Following the completion of the sale, the director owned 26,096 shares in the company, valued at approximately $2,786,791.84. This represents a 3.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Masatoshi Koide sold 37,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $105.59, for a total transaction of $3,906,830.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 40,750 shares of company stock valued at $4,304,295 over the last ninety days. Insiders own 0.90% of the company's stock.

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.