Aflac Incorporated (NYSE:AFL) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. grew its position in Aflac Incorporated (NYSE:AFL) by 42.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 21,738 shares of the financial services provider’s stock after acquiring an additional 6,491 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Aflac were worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Spinnaker Trust raised its position in Aflac by 2.7% in the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 95 shares during the last quarter. Phillips Wealth Planners LLC increased its position in Aflac by 1.5% in the 4th quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock valued at $662,000 after acquiring an additional 100 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of Aflac by 23.2% during the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 100 shares during the last quarter. Covestor Ltd raised its position in Aflac by 41.8% during the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock worth $41,000 after buying an additional 107 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its holdings in Aflac by 1.6% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,960 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 107 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Aflac Trading Down 2.1 %

AFL opened at $102.04 on Friday. The firm has a market capitalization of $56.69 billion, a P/E ratio of 10.63, a P/E/G ratio of 3.31 and a beta of 0.99. The firm’s 50 day moving average is $104.11 and its 200-day moving average is $107.29. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 52-week low of $78.62 and a 52-week high of $115.50.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $1.56 EPS 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%. Analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.27%. This is an increase from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, February 19th. Aflac’s dividend payout ratio (DPR) is 24.17%.

Analysts Set New Price Targets

Several research firms have issued reports on AFL. Barclays cut their price objective on Aflac from $98.00 to $95.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Truist Financial upped their target price on Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Piper Sandler lowered their price target on shares of Aflac from $122.00 to $118.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Keefe, Bruyette & Woods dropped their target price on Aflac from $107.00 to $104.00 and set a “market perform” rating for the company in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price target 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $102.86.

Insider Transactions at Aflac

In other news, EVP Audrey B. Tillman sold 24,744 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 222,618 shares of the company’s stock, valued at approximately $23,018,701.20. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

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.