Aflac Incorporated (NYSE:AFL) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lessened its position in Aflac Incorporated (NYSE:AFL) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,423 shares of the financial services provider’s stock after selling 387 shares during the period. Trust Co. of Vermont’s holdings in Aflac were worth $942,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in shares of Aflac in the 4th quarter worth about $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Aflac in the 4th quarter worth about $32,000. Criterion Capital Advisors LLC acquired a new stake in shares of Aflac in the 4th quarter worth about $33,000. Sachetta LLC acquired a new stake in shares of Aflac in the 4th quarter worth about $35,000. Finally, Arlington Trust Co LLC acquired a new stake in shares of Aflac in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Activity at Aflac

In other Aflac news, Director Joseph L. Moskowitz sold 600 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $84.84, for a total transaction of $50,904.00. Following the transaction, the director now owns 27,550 shares in the company, valued at $2,337,342. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Joseph L. Moskowitz sold 600 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $84.84, for a total value of $50,904.00. Following the sale, the director now owns 27,550 shares in the company, valued at $2,337,342. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles D. Lake II sold 22,378 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $87.47, for a total transaction of $1,957,403.66. Following the completion of the sale, the director now owns 61,522 shares in the company, valued at approximately $5,381,329.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,978 shares of company stock valued at $2,431,408. 0.80% of the stock is currently owned by corporate insiders.

Aflac Trading Up 0.1 %

AFL stock traded up $0.10 during mid-day trading on Monday, reaching $87.14. 89,155 shares of the stock traded hands, compared to its average volume of 2,189,599. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.34. Aflac Incorporated has a 52-week low of $66.58 and a 52-week high of $89.91. The company has a market cap of $49.51 billion, a P/E ratio of 9.61, a P/E/G ratio of 2.15 and a beta of 0.96. The stock’s fifty day moving average is $85.49 and its 200-day moving average is $83.36.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.09 billion. Aflac had a net margin of 27.67% and a return on equity of 16.88%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. As a group, sell-side analysts expect that Aflac Incorporated will post 6.46 earnings per share for the current year.

Aflac Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.30%. The ex-dividend date was Tuesday, May 21st. This is a positive change from Aflac’s previous quarterly dividend of $0.42. Aflac’s dividend payout ratio (DPR) is presently 22.08%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of Aflac from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Truist Financial increased their target price on shares of Aflac from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Wells Fargo & Company increased their target price on shares of Aflac from $81.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods increased their target price on shares of Aflac from $83.00 to $87.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley increased their target price on shares of Aflac from $80.00 to $84.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $82.38.

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.