West Wealth Group LLC acquired a new stake in Aflac Incorporated (NYSE:AFL – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,125 shares of the financial services provider’s stock, valued at approximately $220,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its holdings in Aflac by 7.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 28,727 shares of the financial services provider’s stock valued at $2,566,000 after purchasing an additional 2,051 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Aflac by 29.3% during the second quarter. Squarepoint Ops LLC now owns 18,462 shares of the financial services provider’s stock valued at $1,649,000 after buying an additional 4,186 shares during the period. Ascent Group LLC grew its stake in shares of Aflac by 0.6% during the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after buying an additional 99 shares during the last quarter. Copperwynd Financial LLC raised its holdings in shares of Aflac by 3.7% in the second quarter. Copperwynd Financial LLC now owns 3,029 shares of the financial services provider’s stock worth $289,000 after buying an additional 109 shares during the period. Finally, Creative Planning lifted its stake in shares of Aflac by 6.9% during the 2nd quarter. Creative Planning now owns 221,660 shares of the financial services provider’s stock worth $19,796,000 after acquiring an additional 14,268 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.
Aflac Trading Up 0.3 %
NYSE:AFL opened at $104.82 on Monday. The stock has a market capitalization of $58.23 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 2.10 and a beta of 1.00. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $105.88 and a 200 day moving average of $106.04.
Aflac Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, February 19th. This represents a $2.32 annualized dividend and a dividend yield of 2.21%. This is an increase from Aflac’s previous quarterly dividend of $0.50. Aflac’s dividend payout ratio is 30.12%.
Insider Activity at Aflac
In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the company’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 transaction, the executive vice president now owns 222,618 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.90% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have commented on AFL. Piper Sandler upped their price objective on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. TD Cowen began coverage on shares of Aflac in a report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price target on the stock. Barclays lifted their price objective on shares of Aflac from $96.00 to $98.00 and gave the company an “underweight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on shares of Aflac from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company raised their target price on shares of Aflac from $103.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Aflac currently has a consensus rating of “Hold” and a consensus target price of $102.67.
View Our Latest Research Report on Aflac
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.
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