Aflac Incorporated (NYSE:AFL) Stock Holdings Cut by Jacobi Capital Management LLC

Jacobi Capital Management LLC lessened its position in Aflac Incorporated (NYSE:AFL) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 61,420 shares of the financial services provider’s stock after selling 1,987 shares during the quarter. Jacobi Capital Management LLC’s holdings in Aflac were worth $5,067,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC bought a new stake in Aflac in the fourth quarter worth about $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Aflac in the 4th quarter worth approximately $32,000. Criterion Capital Advisors LLC bought a new stake in shares of Aflac in the 4th quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new stake in Aflac during the fourth quarter valued at approximately $35,000. Finally, Sachetta LLC bought a new stake in Aflac during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Buying and Selling at Aflac

In other news, Director Charles D. Lake II sold 22,378 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 61,522 shares in the company, valued at approximately $5,381,329.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Charles D. Lake II sold 22,378 shares of the company’s stock in a transaction dated 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 approximately $5,381,329.34. The transaction was disclosed in a filing with the SEC, which is accessible 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 value 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 sold 35,978 shares of company stock worth $3,098,128 over the last ninety days. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AFL has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on Aflac from $81.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Morgan Stanley increased their price target on Aflac from $80.00 to $84.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Piper Sandler boosted their price objective on Aflac from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods boosted their price target 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $82.38.

Aflac Stock Down 0.6 %

AFL stock traded down $0.57 during midday trading on Tuesday, reaching $87.83. The company had a trading volume of 581,464 shares, compared to its average volume of 2,211,537. The company has a 50 day moving average of $85.28 and a two-hundred day moving average of $83.22. The company has a market capitalization of $49.91 billion, a P/E ratio of 9.67, a PEG ratio of 2.19 and a beta of 0.96. Aflac Incorporated has a 1 year low of $66.58 and a 1 year high of $89.91. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.34.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. Aflac had a return on equity of 16.88% and a net margin of 27.67%. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company earned $1.55 earnings per share. Aflac’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Aflac Incorporated will post 6.46 earnings per share for the current fiscal year.

Aflac Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.28%. The ex-dividend date was Tuesday, May 21st. This is a positive change from Aflac’s previous quarterly dividend of $0.42. Aflac’s dividend payout ratio (DPR) is presently 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.