City Holding Co. Sells 470 Shares of Aflac Incorporated (NYSE:AFL)

City Holding Co. trimmed its position in shares of Aflac Incorporated (NYSE:AFLFree Report) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,076 shares of the financial services provider’s stock after selling 470 shares during the period. City Holding Co.’s holdings in Aflac were worth $4,128,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Flputnam Investment Management Co. raised its position in shares of Aflac by 0.5% during the fourth quarter. Flputnam Investment Management Co. now owns 25,031 shares of the financial services provider’s stock valued at $2,065,000 after buying an additional 122 shares during the last quarter. ICA Group Wealth Management LLC raised its position in shares of Aflac by 4.3% during the fourth quarter. ICA Group Wealth Management LLC now owns 2,974 shares of the financial services provider’s stock valued at $245,000 after buying an additional 122 shares during the last quarter. Simon Quick Advisors LLC raised its position in shares of Aflac by 4.9% during the fourth quarter. Simon Quick Advisors LLC now owns 2,950 shares of the financial services provider’s stock valued at $243,000 after buying an additional 139 shares during the last quarter. Atwood & Palmer Inc. raised its position in shares of Aflac by 80.0% during the first 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 last quarter. Finally, Legacy Advisors LLC raised its position in shares of Aflac by 2.8% during the third quarter. Legacy Advisors LLC now owns 5,213 shares of the financial services provider’s stock valued at $400,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AFL has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective 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 price target on shares of Aflac from $83.00 to $87.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Morgan Stanley increased their price target on shares of Aflac from $80.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Truist Financial increased their price target on shares of Aflac from $80.00 to $82.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.38.

Read Our Latest Stock Analysis on AFL

Insider Buying and Selling at Aflac

In other Aflac news, Director Charles D. Lake II sold 22,378 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $87.47, for a total value of $1,957,403.66. Following the transaction, the director now directly owns 61,522 shares of the company’s stock, valued at $5,381,329.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Aflac news, Director Charles D. Lake II sold 22,378 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $87.47, for a total value of $1,957,403.66. Following the transaction, the director now directly owns 61,522 shares of the company’s stock, valued at $5,381,329.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph L. Moskowitz sold 600 shares of the firm’s stock in a transaction that occurred 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 directly owns 27,550 shares in the company, valued at $2,337,342. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Aflac Price Performance

Shares of NYSE AFL traded down $0.09 during mid-day trading on Friday, hitting $89.67. 5,577,544 shares of the stock were exchanged, compared to its average volume of 1,890,366. Aflac Incorporated has a twelve month low of $66.91 and a twelve month high of $90.24. 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’s fifty day simple moving average is $86.17 and its two-hundred day simple moving average is $83.59. The company has a market cap of $50.95 billion, a P/E ratio of 9.90, a PEG ratio of 2.22 and a beta of 0.96.

Aflac (NYSE:AFLGet Free Report) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. Aflac had a net margin of 27.67% and a return on equity of 16.88%. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. Aflac’s revenue was up 13.3% compared to the same quarter last year. As a group, analysts forecast that Aflac Incorporated will post 6.46 EPS for the current fiscal year.

Aflac Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 22nd were paid a dividend of $0.50 per share. This is a boost from Aflac’s previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Tuesday, May 21st. Aflac’s dividend payout ratio is 22.08%.

Aflac Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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