LMG Wealth Partners LLC Has $5.97 Million Position in Aflac Incorporated (NYSE:AFL)

LMG Wealth Partners LLC raised its position in Aflac Incorporated (NYSE:AFL) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,726 shares of the financial services provider’s stock after purchasing an additional 113 shares during the quarter. Aflac accounts for about 1.3% of LMG Wealth Partners LLC’s holdings, making the stock its 26th biggest holding. LMG Wealth Partners LLC’s holdings in Aflac were worth $5,971,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. TKG Advisors LLC raised its holdings in Aflac by 0.5% in the 4th quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider’s stock valued at $2,230,000 after buying an additional 103 shares during the last quarter. Atlas Legacy Advisors LLC bought a new stake in shares of Aflac in the 4th quarter valued at about $894,000. Mcdonald Partners LLC increased its stake in shares of Aflac by 0.7% in the fourth quarter. Mcdonald Partners LLC now owns 23,403 shares of the financial services provider’s stock valued at $2,421,000 after buying an additional 162 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Aflac by 10.6% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,506 shares of the financial services provider’s stock worth $1,707,000 after acquiring an additional 1,583 shares during the last quarter. Finally, BKM Wealth Management LLC lifted its stake in shares of Aflac by 1.7% in the fourth quarter. BKM Wealth Management LLC now owns 23,887 shares of the financial services provider’s stock worth $2,471,000 after acquiring an additional 402 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Audrey B. Tillman sold 24,744 shares of the firm’s stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Aflac Trading Up 0.3 %

NYSE AFL opened at $104.53 on Thursday. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $58.07 billion, a P/E ratio of 10.89, a PEG ratio of 3.27 and a beta of 0.99. The business has a fifty day simple moving average of $104.16 and a 200 day simple moving average of $107.28. Aflac Incorporated has a 12 month low of $78.38 and a 12 month high of $115.50.

Aflac (NYSE:AFL) last released its quarterly 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 net margin of 28.76% and a return on equity of 16.20%. On average, analysts predict that Aflac Incorporated will post 6.9 EPS for the current fiscal year.

Aflac Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, February 19th. Aflac’s dividend payout ratio (DPR) is presently 20.83%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AFL shares. Wells Fargo & Company decreased their target price on shares of Aflac from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Wednesday. Barclays lowered their target price on shares of Aflac from $98.00 to $95.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Truist Financial increased their price target on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods cut their target price on Aflac from $107.00 to $104.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th. Finally, StockNews.com upgraded Aflac from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $102.86.

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.