Aflac Incorporated (NYSE:AFL) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC cut its position in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,267 shares of the financial services provider's stock after selling 3,900 shares during the period. Aflac makes up 1.1% of Radnor Capital Management LLC's holdings, making the stock its 14th biggest holding. Radnor Capital Management LLC's holdings in Aflac were worth $6,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in shares of Aflac during the 3rd quarter worth about $34,000. Raelipskie Partnership purchased a new position in Aflac during the third quarter worth about $38,000. Covestor Ltd increased its position in shares of Aflac by 41.8% during the third quarter. Covestor Ltd now owns 363 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 107 shares during the last quarter. Kennebec Savings Bank acquired a new stake in shares of Aflac during the third quarter valued at about $45,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Aflac in the 3rd quarter valued at approximately $51,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on AFL. Keefe, Bruyette & Woods lowered their price objective on shares of Aflac from $108.00 to $107.00 and set a "market perform" rating for the company in a research report on Friday, January 10th. Evercore ISI lowered their price target on Aflac from $104.00 to $102.00 and set an "underperform" rating for the company in a research report on Wednesday, December 4th. Piper Sandler lifted their price objective on Aflac from $114.00 to $122.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. StockNews.com raised Aflac from a "sell" rating to a "hold" rating in a research note on Wednesday, January 8th. 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 equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Aflac has a consensus rating of "Hold" and an average price target of $102.07.

Aflac Stock Up 1.1 %

Shares of Aflac stock traded up $1.15 on Wednesday, reaching $104.80. 2,004,767 shares of the company were exchanged, compared to its average volume of 1,685,607. The stock's 50 day moving average price is $106.55 and its 200-day moving average price is $105.12. The company has a market cap of $58.22 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08.

Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the business posted $1.84 EPS. The firm's revenue was down 40.4% on a year-over-year basis. As a group, equities analysts forecast that Aflac Incorporated will post 7.27 EPS for the current year.

Aflac Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be paid a $0.58 dividend. The ex-dividend date is Wednesday, February 19th. This is a boost from Aflac's previous quarterly dividend of $0.50. This represents a $2.32 dividend on an annualized basis and a yield of 2.21%. Aflac's dividend payout ratio (DPR) is currently 34.94%.

Insiders Place Their Bets

In other news, EVP Audrey B. Tillman sold 24,744 shares of the business's 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 completion of the sale, the executive vice president now owns 222,618 shares in the company, valued at approximately $23,018,701.20. The trade was a 10.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.