Aflac Incorporated (NYSE:AFL) Shares Sold by G&S Capital LLC

G&S Capital LLC decreased its position in shares of Aflac Incorporated (NYSE:AFL) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,673 shares of the financial services provider’s stock after selling 152 shares during the period. Aflac comprises 1.2% of G&S Capital LLC’s investment portfolio, making the stock its 28th biggest position. G&S Capital LLC’s holdings in Aflac were worth $2,719,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in shares of Aflac in the fourth quarter valued at approximately $25,000. Atwood & Palmer Inc. boosted its position in Aflac by 80.0% in the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock valued at $27,000 after buying an additional 140 shares during the period. Bruce G. Allen Investments LLC purchased a new position in Aflac in the 4th quarter valued at approximately $32,000. Criterion Capital Advisors LLC acquired a new position in shares of Aflac in the fourth quarter worth $33,000. Finally, Arlington Trust Co LLC purchased a new stake in shares of Aflac during the fourth quarter worth $35,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Charles D. Lake II sold 22,378 shares of the stock in a transaction dated Tuesday, May 21st. The shares were 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 $5,381,329.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Charles D. Lake II sold 22,378 shares of the company’s stock in a transaction that occurred 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 $5,381,329.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph L. Moskowitz sold 600 shares of Aflac stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $84.84, for a total transaction of $50,904.00. Following the completion of the transaction, the director now owns 27,550 shares in the company, valued at $2,337,342. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Aflac Stock Down 0.9 %

AFL opened at $89.18 on Thursday. Aflac Incorporated has a one year low of $67.12 and a one year high of $91.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $50.67 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. The business’s 50-day simple moving average is $86.57 and its 200-day simple moving average is $83.71.

Aflac (NYSE:AFL) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.09 billion. Aflac had a return on equity of 16.88% and a net margin of 27.67%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 earnings per share. Analysts anticipate that Aflac Incorporated will post 6.46 EPS for the current year.

Aflac Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.24%. This is a boost from Aflac’s previous quarterly dividend of $0.42. Aflac’s dividend payout ratio is currently 22.08%.

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.