Aflac Incorporated (NYSE:AFL) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC cut its position in Aflac Incorporated (NYSE:AFL - Free Report) by 38.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,232 shares of the financial services provider's stock after selling 10,276 shares during the quarter. Global Retirement Partners LLC's holdings in Aflac were worth $1,679,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AFL. Atlas Legacy Advisors LLC acquired a new position in Aflac during the fourth quarter valued at approximately $894,000. Mcdonald Partners LLC lifted its position in shares of Aflac by 0.7% during the 4th quarter. Mcdonald Partners LLC now owns 23,403 shares of the financial services provider's stock worth $2,421,000 after buying an additional 162 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Aflac by 10.6% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,506 shares of the financial services provider's stock valued at $1,707,000 after buying an additional 1,583 shares in the last quarter. BKM Wealth Management LLC grew its position in Aflac by 1.7% in the fourth quarter. BKM Wealth Management LLC now owns 23,887 shares of the financial services provider's stock valued at $2,471,000 after acquiring an additional 402 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in Aflac by 42.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 21,738 shares of the financial services provider's stock worth $2,249,000 after acquiring an additional 6,491 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

AFL has been the topic of several research reports. BMO Capital Markets began coverage on shares of Aflac in a report on Thursday, January 23rd. They set a "market perform" rating and a $111.00 price target on the stock. JPMorgan Chase & Co. upped their target price on Aflac from $90.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Evercore ISI decreased their price objective on Aflac from $104.00 to $102.00 and set an "underperform" rating for the company in a report on Wednesday, December 4th. Barclays lowered their target price on Aflac from $98.00 to $95.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Finally, Truist Financial lifted their target price on Aflac from $100.00 to $105.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $102.86.

Aflac Stock Down 2.1 %

Shares of AFL traded down $2.24 during mid-day trading on Friday, reaching $102.04. The company had a trading volume of 3,539,580 shares, compared to its average volume of 1,836,717. The company has a market capitalization of $56.69 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 3.31 and a beta of 0.99. The firm has a 50-day moving average price of $104.16 and a 200 day moving average price of $107.26. Aflac Incorporated has a 52 week low of $78.62 and a 52 week high of $115.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10.

Aflac (NYSE:AFL - Get Free Report) last released its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. On average, sell-side analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Wednesday, February 19th. This is an increase from Aflac's previous quarterly dividend of $0.50. Aflac's payout ratio is currently 24.17%.

Insider Activity at Aflac

In related news, EVP Audrey B. Tillman sold 24,744 shares of Aflac stock in a transaction that occurred on Friday, December 27th. The shares were 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 directly owns 222,618 shares of the company's stock, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is owned by company insiders.

Aflac Company 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.