ORG Partners LLC Cuts Stock Position in Aflac Incorporated (NYSE:AFL)

ORG Partners LLC decreased its holdings in shares of Aflac Incorporated (NYSE:AFL) by 3.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,572 shares of the financial services provider’s stock after selling 100 shares during the period. ORG Partners LLC’s holdings in Aflac were worth $266,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Park National Corp OH lifted its holdings in Aflac by 7.7% during the fourth quarter. Park National Corp OH now owns 4,991 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 358 shares in the last quarter. Pensionfund Sabic raised its position in shares of Aflac by 23.1% during the 4th quarter. Pensionfund Sabic now owns 16,000 shares of the financial services provider’s stock worth $1,655,000 after purchasing an additional 3,000 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in Aflac by 7.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 2,746 shares of the financial services provider’s stock valued at $284,000 after buying an additional 194 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Aflac by 2.3% in the 4th quarter. GAMMA Investing LLC now owns 12,116 shares of the financial services provider’s stock worth $1,253,000 after buying an additional 273 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Aflac by 825.8% during the 4th quarter. Versant Capital Management Inc now owns 824 shares of the financial services provider’s stock worth $85,000 after buying an additional 735 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Transactions at Aflac

In related news, EVP Audrey B. Tillman sold 24,744 shares of Aflac 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 sale, the executive vice president now owns 222,618 shares in the company, valued at approximately $23,018,701.20. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AFL. Truist Financial lifted their price target on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Bank of America lifted their target price on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. TD Cowen started coverage on shares of Aflac in a research report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price for the company. StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Aflac from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $102.29.

Aflac Trading Down 2.5 %

AFL opened at $101.01 on Friday. The stock has a market capitalization of $56.11 billion, a PE ratio of 15.21, a P/E/G ratio of 2.09 and a beta of 1.00. 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 0.32, a quick ratio of 0.08 and a current ratio of 0.08. The business’s 50 day moving average price is $106.63 and its 200 day moving average price is $104.72.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $1.69 by $0.47. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The company’s quarterly revenue was down 40.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.84 EPS. As a group, equities research analysts expect that Aflac Incorporated will post 7.27 EPS for the current year.

Aflac Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, February 19th. Aflac’s payout ratio is 34.94%.

About Aflac

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.