Burns Matteson Capital Management LLC Has $327,000 Stock Position in Aflac Incorporated (NYSE:AFL)

Burns Matteson Capital Management LLC lowered its holdings in Aflac Incorporated (NYSE:AFL - Free Report) by 52.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,158 shares of the financial services provider's stock after selling 3,546 shares during the period. Burns Matteson Capital Management LLC's holdings in Aflac were worth $327,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Kestra Private Wealth Services LLC increased its position in shares of Aflac by 14.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 59,570 shares of the financial services provider's stock worth $6,162,000 after acquiring an additional 7,341 shares in the last quarter. Howland Capital Management LLC acquired a new stake in shares of Aflac in the fourth quarter worth $207,000. Quotient Wealth Partners LLC increased its position in shares of Aflac by 4.3% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,615 shares of the financial services provider's stock worth $270,000 after acquiring an additional 108 shares in the last quarter. Empowered Funds LLC increased its position in shares of Aflac by 10.0% in the fourth quarter. Empowered Funds LLC now owns 38,039 shares of the financial services provider's stock worth $3,935,000 after acquiring an additional 3,454 shares in the last quarter. Finally, Advisory Resource Group increased its position in shares of Aflac by 7.2% in the fourth quarter. Advisory Resource Group now owns 45,754 shares of the financial services provider's stock worth $4,733,000 after acquiring an additional 3,056 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AFL. Piper Sandler dropped their price objective on shares of Aflac from $122.00 to $118.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Evercore ISI decreased their target price on shares of Aflac from $104.00 to $102.00 and set an "underperform" rating for the company in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of Aflac from $90.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Truist Financial upped their target price on shares of Aflac from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped their target price on shares of Aflac from $103.00 to $104.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $103.00.

Aflac Stock Performance

Shares of NYSE:AFL traded up $1.18 on Thursday, reaching $104.12. 1,647,557 shares of the company's stock were exchanged, compared to its average volume of 1,821,115. The firm has a market capitalization of $57.84 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 2.10 and a beta of 0.99. Aflac Incorporated has a fifty-two week low of $78.20 and a fifty-two week high of $115.50. The business's 50-day moving average is $104.33 and its two-hundred day moving average is $107.05. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. As a group, equities research analysts forecast that Aflac Incorporated will post 6.95 EPS for the current year.

Aflac Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from Aflac's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, February 19th. Aflac's dividend payout ratio is 20.83%.

Insiders Place Their Bets

In related news, EVP Audrey B. Tillman sold 24,744 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $103.40, for a total value of $2,558,529.60. Following the sale, the executive vice president now owns 222,618 shares of the company's stock, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by corporate insiders.

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.