First Affirmative Financial Network Has $328,000 Stake in Aflac Incorporated (NYSE:AFL)

First Affirmative Financial Network reduced its holdings in Aflac Incorporated (NYSE:AFL) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,168 shares of the financial services provider’s stock after selling 234 shares during the quarter. First Affirmative Financial Network’s holdings in Aflac were worth $328,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Squarepoint Ops LLC lifted its position in shares of Aflac by 29.3% during the second quarter. Squarepoint Ops LLC now owns 18,462 shares of the financial services provider’s stock worth $1,649,000 after purchasing an additional 4,186 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Aflac by 32.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 5,692 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 1,394 shares during the last quarter. New Century Financial Group LLC acquired a new stake in shares of Aflac during the 2nd quarter worth approximately $366,000. Centennial Bank AR raised its stake in shares of Aflac by 28.7% during the second quarter. Centennial Bank AR now owns 875 shares of the financial services provider’s stock worth $78,000 after buying an additional 195 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Aflac in the second quarter valued at approximately $3,099,000. 67.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AFL has been the subject of a number of analyst reports. Piper Sandler lifted their target price on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com upgraded Aflac from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Truist Financial raised their target price on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Barclays increased their price target on shares of Aflac from $96.00 to $98.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.67.

Insider Buying and Selling

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the transaction, the executive vice president now owns 222,618 shares of the company’s stock, valued at $23,018,701.20. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.

Aflac Price Performance

AFL stock opened at $107.76 on Thursday. The stock has a 50-day moving average price of $105.73 and a two-hundred day moving average price of $106.25. Aflac Incorporated has a 1 year low of $75.07 and a 1 year high of $115.50. The stock has a market cap of $59.87 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.32.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm earned $1.84 EPS. Aflac’s revenue for the quarter was down 40.4% compared to the same quarter last year. Equities analysts forecast that Aflac Incorporated will post 7.26 EPS for the current fiscal year.

Aflac Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, February 19th. This is a positive change from Aflac’s previous quarterly dividend of $0.50. Aflac’s payout ratio is currently 34.94%.

About Aflac

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.