YHB Investment Advisors Inc. Has $4.96 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

YHB Investment Advisors Inc. reduced its position in Aflac Incorporated (NYSE:AFL) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,964 shares of the financial services provider’s stock after selling 1,131 shares during the period. YHB Investment Advisors Inc.’s holdings in Aflac were worth $4,961,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Aflac by 6.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,694,511 shares of the financial services provider’s stock worth $524,846,000 after acquiring an additional 281,148 shares during the period. Guinness Asset Management LTD boosted its position in Aflac by 5.2% during the fourth quarter. Guinness Asset Management LTD now owns 2,395,045 shares of the financial services provider’s stock worth $247,682,000 after purchasing an additional 118,720 shares during the period. Truist Financial Corp increased its holdings in shares of Aflac by 26.6% in the second quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock valued at $172,338,000 after purchasing an additional 405,847 shares during the last quarter. National Pension Service raised its position in shares of Aflac by 8.9% in the third quarter. National Pension Service now owns 1,662,514 shares of the financial services provider’s stock valued at $185,869,000 after purchasing an additional 136,238 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Aflac by 0.7% during the 3rd quarter. Assetmark Inc. now owns 1,584,552 shares of the financial services provider’s stock worth $177,153,000 after buying an additional 10,487 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Aflac Price Performance

Aflac stock opened at $108.14 on Tuesday. The stock has a fifty day moving average of $105.88 and a 200-day moving average of $106.04. The stock has a market capitalization of $60.08 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.08 and a current ratio of 0.08. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The firm’s quarterly revenue was down 40.4% compared to the same quarter last year. During the same period last year, the company posted $1.84 EPS. On average, sell-side analysts expect that Aflac Incorporated will post 7.26 earnings per share for the current fiscal year.

Aflac Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.32 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Aflac’s previous quarterly dividend of $0.50. Aflac’s payout ratio is currently 30.12%.

Insiders Place Their Bets

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the business’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 sale, the executive vice president now directly owns 222,618 shares of the company’s stock, valued at $23,018,701.20. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AFL. Keefe, Bruyette & Woods lowered their price target on shares of Aflac from $108.00 to $107.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Bank of America lifted their price target on Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price objective on Aflac from $103.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, BMO Capital Markets assumed coverage on shares of Aflac in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $102.67.

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.