Guardian Capital Advisors LP Has $5.50 Million Stake in Aflac Incorporated (NYSE:AFL)

Guardian Capital Advisors LP decreased its position in Aflac Incorporated (NYSE:AFLFree Report) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 66,383 shares of the financial services provider’s stock after selling 5,150 shares during the period. Guardian Capital Advisors LP’s holdings in Aflac were worth $5,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AFL. Eudaimonia Partners LLC grew its position in Aflac by 234.6% during the fourth quarter. Eudaimonia Partners LLC now owns 10,448 shares of the financial services provider’s stock worth $862,000 after buying an additional 7,325 shares in the last quarter. BKM Wealth Management LLC bought a new position in Aflac during the 4th quarter worth $1,558,000. abrdn plc increased its stake in Aflac by 51.2% during the 4th quarter. abrdn plc now owns 298,226 shares of the financial services provider’s stock worth $24,604,000 after acquiring an additional 100,937 shares during the period. J.W. Cole Advisors Inc. increased its stake in Aflac by 353.3% during the 4th quarter. J.W. Cole Advisors Inc. now owns 14,754 shares of the financial services provider’s stock worth $1,217,000 after acquiring an additional 11,499 shares during the period. Finally, Nordea Investment Management AB increased its stake in Aflac by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 1,693,249 shares of the financial services provider’s stock worth $139,676,000 after acquiring an additional 348,400 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insiders Place Their Bets

In other Aflac news, Director Arthur Reginald Collins sold 3,000 shares of Aflac stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $79.73, for a total transaction of $239,190.00. Following the transaction, the director now directly owns 5,592 shares of the company’s stock, valued at approximately $445,850.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Aflac news, Director Arthur Reginald Collins sold 3,000 shares of Aflac stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $79.73, for a total transaction of $239,190.00. Following the transaction, the director now directly owns 5,592 shares of the company’s stock, valued at approximately $445,850.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Masatoshi Koide sold 30,493 shares of Aflac stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $79.91, for a total value of $2,436,695.63. Following the transaction, the director now directly owns 86,090 shares in the company, valued at $6,879,451.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,093 shares of company stock valued at $3,816,610. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on AFL. Morgan Stanley raised their price objective on Aflac from $80.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods raised their price objective on Aflac from $83.00 to $87.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Truist Financial lifted their price target on Aflac from $80.00 to $82.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Piper Sandler lifted their price target on Aflac from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Finally, Wells Fargo & Company lifted their price target on Aflac from $81.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $82.38.

View Our Latest Stock Analysis on AFL

Aflac Price Performance

Shares of NYSE AFL traded up $0.43 during mid-day trading on Tuesday, hitting $86.30. 1,561,093 shares of the stock traded hands, compared to its average volume of 2,262,179. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.08 and a quick ratio of 0.08. Aflac Incorporated has a twelve month low of $64.10 and a twelve month high of $86.58. The company has a market cap of $49.04 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 2.29 and a beta of 0.91. The firm has a 50 day simple moving average of $83.74 and a two-hundred day simple moving average of $82.21.

Aflac (NYSE:AFLGet Free Report) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. Aflac had a return on equity of 16.88% and a net margin of 27.67%. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the business posted $1.55 EPS. Aflac’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts forecast that Aflac Incorporated will post 6.46 EPS for the current fiscal year.

Aflac Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, May 21st. This is an increase from Aflac’s previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a yield of 2.32%. Aflac’s payout ratio is presently 22.08%.

About Aflac

(Free Report)

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.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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