Kestra Private Wealth Services LLC Lowers Stake in Aflac Incorporated (NYSE:AFL)

Kestra Private Wealth Services LLC cut its position in shares of Aflac Incorporated (NYSE:AFLGet Rating) by 3.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,848 shares of the financial services provider’s stock after selling 544 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Aflac were worth $892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its position in shares of Aflac by 120.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 403 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 220 shares during the last quarter. Rather & Kittrell Inc. acquired a new stake in shares of Aflac in the fourth quarter worth approximately $27,000. Independence Bank of Kentucky boosted its position in shares of Aflac by 96.8% in the first quarter. Independence Bank of Kentucky now owns 492 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 242 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Aflac in the first quarter worth approximately $37,000. Finally, Rise Advisors LLC boosted its position in shares of Aflac by 74.7% in the first quarter. Rise Advisors LLC now owns 573 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 245 shares during the last quarter. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AFL. Morgan Stanley lifted their price target on shares of Aflac from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, August 17th. Citigroup began coverage on shares of Aflac in a research report on Monday, May 23rd. They set a “neutral” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Aflac from $61.00 to $62.00 in a research report on Monday, July 11th. Evercore ISI reduced their price target on shares of Aflac from $60.00 to $59.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 6th. Finally, Piper Sandler reduced their target price on shares of Aflac from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.17.

Aflac Stock Down 0.1 %

Shares of NYSE:AFL opened at $59.50 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $59.30 and a 200 day simple moving average of $59.55. The firm has a market cap of $37.60 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91. Aflac Incorporated has a 12-month low of $51.28 and a 12-month high of $67.20.

Aflac (NYSE:AFLGet Rating) last released its earnings results on Monday, August 1st. The financial services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.27. Aflac had a net margin of 20.37% and a return on equity of 12.40%. The firm had revenue of $5.40 billion during the quarter, compared to analyst estimates of $4.79 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Aflac Incorporated will post 5.37 EPS for the current fiscal year.

Aflac Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Wednesday, August 24th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $1.60 annualized dividend and a yield of 2.69%. Aflac’s payout ratio is 24.13%.

Insider Buying and Selling at Aflac

In other Aflac news, CFO James Todd Daniels sold 16,946 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $64.03, for a total transaction of $1,085,052.38. Following the completion of the sale, the chief financial officer now owns 53,025 shares in the company, valued at $3,395,190.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO James Todd Daniels sold 16,946 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $64.03, for a total transaction of $1,085,052.38. Following the completion of the transaction, the chief financial officer now owns 53,025 shares in the company, valued at $3,395,190.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara K. Rimer sold 11,026 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $58.49, for a total transaction of $644,910.74. Following the transaction, the director now owns 33,413 shares of the company’s stock, valued at approximately $1,954,326.37. The disclosure for this sale can be found here. Insiders sold a total of 38,272 shares of company stock worth $2,338,959 over the last 90 days. Insiders own 1.10% of the company’s stock.

Aflac Company Profile

(Get Rating)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, 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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