Aflac Incorporated (NYSE:AFL) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC reduced its position in Aflac Incorporated (NYSE:AFL) by 60.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,307 shares of the financial services provider’s stock after selling 17,430 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Aflac were worth $1,264,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brookstone Capital Management raised its position in Aflac by 10.2% in the first quarter. Brookstone Capital Management now owns 19,751 shares of the financial services provider’s stock worth $1,696,000 after acquiring an additional 1,828 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Aflac by 8.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,398 shares of the financial services provider’s stock valued at $807,000 after acquiring an additional 719 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Aflac by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 139,665 shares of the financial services provider’s stock valued at $11,992,000 after acquiring an additional 7,850 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Aflac in the 1st quarter worth about $63,000. Finally, Vicus Capital acquired a new stake in Aflac in the 1st quarter worth about $264,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Aflac

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the completion of the sale, the director now directly owns 18,158 shares in the company, valued at $1,796,552.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AFL. TD Cowen began coverage on Aflac in a report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price objective on the stock. Wells Fargo & Company raised their target price on Aflac from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. UBS Group lifted their target price on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their price objective on Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, Truist Financial upped their price objective on Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Aflac currently has a consensus rating of “Hold” and an average target price of $97.53.

Aflac Stock Performance

Shares of Aflac stock opened at $109.69 on Friday. The firm has a market cap of $62.33 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The stock’s 50-day moving average is $110.22 and its 200-day moving average is $96.59. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.23. The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. Aflac’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share. Equities analysts predict that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.

Aflac Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s dividend payout ratio (DPR) is currently 22.08%.

Aflac 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.