Aflac Incorporated (NYSE:AFL) Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC trimmed its stake in shares of Aflac Incorporated (NYSE:AFL) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,763 shares of the financial services provider’s stock after selling 307 shares during the quarter. Naples Global Advisors LLC’s holdings in Aflac were worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in Aflac during the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new stake in Aflac during the 4th quarter worth approximately $34,000. Curio Wealth LLC acquired a new stake in Aflac during the 4th quarter worth approximately $36,000. OFI Invest Asset Management acquired a new stake in shares of Aflac in the 4th quarter valued at approximately $38,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Aflac in the 4th quarter valued at approximately $38,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Aflac Stock Performance

Shares of AFL stock opened at $102.08 on Friday. Aflac Incorporated has a 12-month low of $86.46 and a 12-month high of $115.50. The firm has a market capitalization of $55.19 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 3.24 and a beta of 0.84. The business has a 50 day simple moving average of $105.56 and a 200 day simple moving average of $106.00. 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 (NYSE:AFL) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.01). Aflac had a return on equity of 16.20% and a net margin of 28.76%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the firm posted $1.66 earnings per share. The firm’s quarterly revenue was down 37.5% compared to the same quarter last year. On average, equities research analysts anticipate that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Wednesday, May 21st. Aflac’s payout ratio is currently 36.25%.

Analysts Set New Price Targets

AFL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price target on Aflac from $104.00 to $106.00 and gave the company a “market perform” rating in a report on Wednesday, May 7th. Wells Fargo & Company raised their price target on Aflac from $102.00 to $103.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Raymond James reduced their price target on Aflac from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, May 29th. JPMorgan Chase & Co. raised their price target on Aflac from $94.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Finally, Wall Street Zen cut Aflac from a “hold” rating to a “sell” rating in a report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $104.93.

Insider Buying and Selling at Aflac

In other Aflac news, Director Masatoshi Koide sold 37,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $105.59, for a total transaction of $3,906,830.00. Following the completion of the transaction, the director now directly owns 70,992 shares of the company’s stock, valued at approximately $7,496,045.28. This trade represents a 34.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles D. Lake II sold 29,802 shares of the 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 transaction, the director now directly owns 49,962 shares of the company’s stock, valued at approximately $5,360,422.98. The trade was a 37.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,552 shares of company stock valued at $7,501,752. 0.90% of the stock is owned by corporate insiders.

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.