Aflac Incorporated (NYSE:AFL) Stock Position Trimmed by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV trimmed its position in shares of Aflac Incorporated (NYSE:AFL) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,921 shares of the financial services provider’s stock after selling 109 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Aflac were worth $716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in Aflac in the 3rd quarter valued at about $34,000. Raelipskie Partnership acquired a new stake in shares of Aflac in the 3rd quarter worth approximately $38,000. Covestor Ltd boosted its holdings in shares of Aflac by 41.8% in 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 in the last quarter. Kennebec Savings Bank bought a new position in shares of Aflac in the third quarter valued at approximately $45,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Aflac during the third quarter valued at approximately $51,000. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AFL has been the subject of a number of research analyst reports. Barclays cut their target price on Aflac from $98.00 to $95.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Piper Sandler decreased their target price on Aflac from $122.00 to $118.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. BMO Capital Markets assumed coverage on Aflac in a report on Thursday, January 23rd. They set a “market perform” rating and a $111.00 target price on the stock. Evercore ISI cut their price target on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating for the company in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $102.86.

Insider Transactions at Aflac

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $103.40, for a total value 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 represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by company insiders.

Aflac Stock Down 0.2 %

Shares of Aflac stock opened at $104.31 on Friday. Aflac Incorporated has a 1 year low of $78.60 and a 1 year high of $115.50. The company has a market cap of $57.95 billion, a P/E ratio of 10.87, a P/E/G ratio of 3.30 and a beta of 0.99. 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 stock has a 50-day moving average price of $104.16 and a 200 day moving average price of $107.26.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (EPS) 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, analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal 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 $0.58 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.22%. Aflac’s dividend payout ratio is 20.83%.

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.