Aflac Incorporated (NYSE:AFL) Shares Sold by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC decreased its stake in shares of Aflac Incorporated (NYSE:AFL) by 43.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 271 shares of the financial services provider’s stock after selling 209 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Aflac were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AFL. Spinnaker Trust raised its holdings in shares of Aflac by 2.7% during the third quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 95 shares during the last quarter. Phillips Wealth Planners LLC raised its stake 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 purchasing an additional 100 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Aflac by 23.2% in the 4th quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 100 shares in the last quarter. Covestor Ltd boosted its stake 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 purchasing an additional 107 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its holdings in shares of 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 buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. StockNews.com raised Aflac from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Keefe, Bruyette & Woods lowered their price objective on Aflac from $107.00 to $104.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 12th. Barclays reduced their price target on Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Finally, Truist Financial upped their price objective on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Aflac presently has an average rating of “Hold” and a consensus target price of $103.00.

Aflac Stock Performance

NYSE:AFL opened at $104.24 on Wednesday. Aflac Incorporated has a fifty-two week low of $78.38 and a fifty-two week high of $115.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10. The company has a 50 day moving average price of $104.15 and a 200 day moving average price of $107.26. The stock has a market capitalization of $57.91 billion, a P/E ratio of 10.86, 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 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%. Equities research analysts forecast that Aflac Incorporated will post 6.95 EPS for the current year.

Aflac Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Wednesday, February 19th. This is a boost from Aflac’s previous quarterly dividend of $0.50. Aflac’s dividend payout ratio is currently 20.83%.

Insider Activity

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 value of $2,558,529.60. Following the completion of the transaction, the executive vice president now owns 222,618 shares of the company’s stock, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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.