Aflac Incorporated (NYSE:AFL) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC cut its stake in shares of Aflac Incorporated (NYSE:AFL) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,581 shares of the financial services provider’s stock after selling 216 shares during the period. Main Street Financial Solutions LLC’s holdings in Aflac were worth $1,124,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Crossmark Global Holdings Inc. boosted its stake in shares of Aflac by 22.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 86,010 shares of the financial services provider’s stock valued at $7,096,000 after purchasing an additional 15,855 shares during the period. Southeast Asset Advisors Inc. boosted its stake in shares of Aflac by 0.4% in the fourth quarter. Southeast Asset Advisors Inc. now owns 139,164 shares of the financial services provider’s stock valued at $11,481,000 after purchasing an additional 589 shares during the period. Nordea Investment Management AB boosted its stake in shares of Aflac by 6.7% in the first quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider’s stock valued at $155,140,000 after purchasing an additional 113,226 shares during the period. Richard C. Young & CO. LTD. purchased a new position in shares of Aflac in the fourth quarter valued at approximately $12,546,000. Finally, Stifel Financial Corp boosted its stake in shares of Aflac by 7.6% in the fourth quarter. Stifel Financial Corp now owns 633,472 shares of the financial services provider’s stock valued at $52,262,000 after purchasing an additional 44,875 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Aflac Stock Up 0.6 %

Shares of NYSE:AFL opened at $108.01 on Friday. The company has a market capitalization of $61.37 billion, a PE ratio of 11.92, a P/E/G ratio of 2.57 and a beta of 0.95. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a twelve month low of $74.89 and a twelve month high of $111.14. The firm has a 50 day simple moving average of $100.65 and a 200-day simple moving average of $90.69.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.23. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS. On average, equities analysts predict that Aflac Incorporated will post 6.75 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.85%. Aflac’s payout ratio is 22.08%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AFL. Piper Sandler lifted their price target on shares of Aflac from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Truist Financial lifted their price target on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Bank of America lifted their price target on shares of Aflac from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. lifted their price target on shares of Aflac from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. Finally, Citigroup lifted their price target on shares of Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $92.50.

Insider Activity

In other news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the transaction, the director now directly owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.90% 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.