Quotient Wealth Partners LLC Acquires 108 Shares of Aflac Incorporated (NYSE:AFL)

Quotient Wealth Partners LLC raised its holdings in Aflac Incorporated (NYSE:AFL) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,615 shares of the financial services provider’s stock after purchasing an additional 108 shares during the period. Quotient Wealth Partners LLC’s holdings in Aflac were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Darwin Wealth Management LLC acquired a new stake in Aflac during the third quarter worth approximately $34,000. Raelipskie Partnership bought a new stake in shares of Aflac during the 3rd quarter valued at $38,000. Covestor Ltd grew its holdings in shares of 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 purchasing an additional 107 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of Aflac in the third quarter worth $45,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Aflac in the third quarter valued at about $51,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Buying and Selling

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the firm’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 completion of the transaction, the executive vice president now owns 222,618 shares in the company, valued at approximately $23,018,701.20. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by insiders.

Aflac Trading Up 0.5 %

AFL opened at $103.62 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08. Aflac Incorporated has a fifty-two week low of $77.01 and a fifty-two week high of $115.50. The company’s 50 day moving average price is $104.66 and its two-hundred day moving average price is $106.87. The firm has a market capitalization of $57.56 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 2.10 and a beta of 0.99.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate 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, research analysts predict that Aflac Incorporated will post 6.95 earnings per share for the current year.

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 given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.24%. 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 20.83%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AFL. Piper Sandler reduced their price objective on shares of Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a research note on Friday. Barclays decreased their price objective on shares of Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. upped their target price on Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Truist Financial boosted 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. Finally, BMO Capital Markets began coverage on Aflac in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Aflac presently has an average rating of “Hold” and a consensus price target of $103.21.

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.