Aflac Incorporated (NYSE:AFL) Shares Sold by Revisor Wealth Management LLC

Revisor Wealth Management LLC lessened its stake in Aflac Incorporated (NYSE:AFL) by 29.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,173 shares of the financial services provider’s stock after selling 1,310 shares during the quarter. Revisor Wealth Management LLC’s holdings in Aflac were worth $328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Toronto Dominion Bank increased its stake in shares of Aflac by 0.8% during the fourth quarter. Toronto Dominion Bank now owns 271,844 shares of the financial services provider’s stock worth $28,120,000 after buying an additional 2,271 shares during the period. Parr Mcknight Wealth Management Group LLC purchased a new position in Aflac in the fourth quarter worth approximately $5,648,000. Public Employees Retirement System of Ohio acquired a new position in Aflac during the 4th quarter worth approximately $22,372,000. BIP Alliance LLC purchased a new stake in shares of Aflac in the 4th quarter valued at approximately $942,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Aflac by 182.2% in the 4th quarter. Sunbelt Securities Inc. now owns 2,782 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 1,796 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AFL shares. Barclays boosted their target price on shares of Aflac from $95.00 to $96.00 and gave the stock an “underweight” rating in a research note on Thursday, May 1st. Piper Sandler lifted their price target on Aflac from $118.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Morgan Stanley increased their price objective on Aflac from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Keefe, Bruyette & Woods raised their target price on Aflac from $104.00 to $106.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 7th. Finally, UBS Group increased their price target on shares of Aflac from $109.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $104.57.

Insider Activity at Aflac

In other news, Director Charles D. Lake II sold 29,802 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $107.29, for a total value of $3,197,456.58. Following the completion of the sale, the director now owns 49,962 shares in the company, valued at approximately $5,360,422.98. This trade represents a 37.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph L. Moskowitz sold 1,000 shares of Aflac stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $107.63, for a total transaction of $107,630.00. Following the completion of the sale, the director now directly owns 25,393 shares in the company, valued at approximately $2,733,048.59. The trade was a 3.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,552 shares of company stock worth $7,609,382 in the last quarter. Company insiders own 0.90% of the company’s stock.

Aflac Price Performance

Shares of NYSE AFL opened at $102.59 on Friday. 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 market cap of $55.46 billion, a P/E ratio of 10.69, a P/E/G ratio of 3.24 and a beta of 0.84. The stock has a 50 day moving average of $106.76 and a two-hundred day moving average of $106.42. Aflac Incorporated has a twelve month low of $86.46 and a twelve month high of $115.50.

Aflac (NYSE:AFL) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.66 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.01). Aflac had a net margin of 28.76% and a return on equity of 16.20%. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company earned $1.66 EPS. The firm’s revenue for the quarter was down 37.5% compared to the same quarter last year. On average, research analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 21st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, May 21st. Aflac’s dividend payout ratio is currently 36.25%.

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.