Parr Mcknight Wealth Management Group LLC Buys Shares of 54,600 Aflac Incorporated (NYSE:AFL)

Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Aflac Incorporated (NYSE:AFL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,600 shares of the financial services provider's stock, valued at approximately $5,648,000. Aflac makes up approximately 0.8% of Parr Mcknight Wealth Management Group LLC's holdings, making the stock its 29th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of Aflac in the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new position in Aflac during the fourth quarter worth about $34,000. Curio Wealth LLC bought a new stake in shares of Aflac in the 4th quarter worth approximately $36,000. OFI Invest Asset Management acquired a new stake in shares of Aflac during the fourth quarter worth $38,000. Finally, Rialto Wealth Management LLC purchased a new stake in Aflac during the fourth quarter valued at about $41,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Aflac Stock Performance

Shares of Aflac stock traded down $0.49 during midday trading on Wednesday, hitting $102.93. The company had a trading volume of 532,211 shares, compared to its average volume of 2,109,910. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08. Aflac Incorporated has a 1-year low of $86.46 and a 1-year high of $115.50. The business's 50 day simple moving average is $106.53 and its two-hundred day simple moving average is $106.34. The stock has a market cap of $55.65 billion, a PE ratio of 10.72, a P/E/G ratio of 3.24 and a beta of 0.84.

Aflac (NYSE:AFL - Get Free Report) last released 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 28.76% and a return on equity of 16.20%. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the business posted $1.66 EPS. The firm's quarterly revenue was down 37.5% on a year-over-year basis. As a group, equities analysts predict that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, May 21st. Aflac's dividend payout ratio is presently 36.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AFL shares. Barclays increased their price objective on Aflac from $95.00 to $96.00 and gave the stock an "underweight" rating in a research note on Thursday, May 1st. Piper Sandler boosted their price target on shares of Aflac from $118.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. increased their price objective on Aflac from $94.00 to $96.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price objective on Aflac from $104.00 to $106.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen lowered Aflac from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Aflac presently has an average rating of "Hold" and a consensus price target of $104.57.

Insider Activity

In other news, Director Masatoshi Koide sold 37,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $7,496,045.28. This represents a 34.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph L. Moskowitz sold 1,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $107.63, for a total value of $107,630.00. Following the completion of the sale, the director now directly owns 25,393 shares in the company, valued at approximately $2,733,048.59. This represents a 3.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,552 shares of company stock worth $7,609,382. Company insiders own 0.80% 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.