Daymark Wealth Partners LLC Has $2.21 Million Stock Position in Aflac Incorporated (NYSE:AFL)

Daymark Wealth Partners LLC trimmed its holdings in Aflac Incorporated (NYSE:AFL - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,396 shares of the financial services provider's stock after selling 3,005 shares during the period. Daymark Wealth Partners LLC's holdings in Aflac were worth $2,213,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Spinnaker Trust lifted its stake in shares of Aflac by 2.7% in the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider's stock valued at $405,000 after purchasing an additional 95 shares in the last quarter. Secure Asset Management LLC lifted its stake in shares of Aflac by 1.0% in the 3rd quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider's stock valued at $1,094,000 after purchasing an additional 96 shares in the last quarter. Ascent Group LLC lifted its stake in shares of Aflac by 0.6% in the 2nd quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider's stock valued at $1,539,000 after purchasing an additional 99 shares in the last quarter. New Century Financial Group LLC lifted its stake in shares of Aflac by 2.5% in the 3rd quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider's stock valued at $469,000 after purchasing an additional 101 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Aflac by 41.8% in the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 107 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Aflac Stock Up 0.6 %

AFL stock traded up $0.63 during midday trading on Thursday, hitting $104.93. 60,082 shares of the company's stock were exchanged, compared to its average volume of 1,594,869. 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 Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50. The firm has a 50 day moving average price of $106.12 and a 200-day moving average price of $105.71. The stock has a market capitalization of $58.29 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00.

Aflac (NYSE:AFL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share 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 during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the business earned $1.84 EPS. The business's quarterly revenue was down 40.4% on a year-over-year basis. On average, analysts anticipate that Aflac Incorporated will post 7.26 EPS for the current year.

Aflac Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.21%. This is an increase from Aflac's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, February 19th. Aflac's payout ratio is 30.12%.

Insider Activity

In related 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 completion of the transaction, the executive vice president now owns 222,618 shares in the company, 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 SEC, which is available through this hyperlink. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen assumed coverage on Aflac in a research note on Wednesday, October 9th. They issued a "hold" rating and a $102.00 price objective on the stock. Wells Fargo & Company raised their target price on Aflac from $103.00 to $104.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. 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 company a "hold" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on Aflac from $90.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $102.67.

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.