Wealth Enhancement Advisory Services LLC Has $12.31 Million Holdings in Aflac Incorporated (NYSE:AFL)

Wealth Enhancement Advisory Services LLC decreased its position in Aflac Incorporated (NYSE:AFL) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,834 shares of the financial services provider’s stock after selling 1,831 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Aflac were worth $12,310,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC raised its stake in Aflac by 1.7% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 7,254 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 121 shares in the last quarter. Burns Matteson Capital Management LLC raised its position in shares of Aflac by 4.1% in the second quarter. Burns Matteson Capital Management LLC now owns 3,077 shares of the financial services provider’s stock valued at $275,000 after buying an additional 121 shares in the last quarter. Flputnam Investment Management Co. boosted its stake in shares of Aflac by 0.5% in the fourth quarter. Flputnam Investment Management Co. now owns 25,031 shares of the financial services provider’s stock valued at $2,065,000 after buying an additional 122 shares during the period. ICA Group Wealth Management LLC grew its position in Aflac by 4.3% during the fourth quarter. ICA Group Wealth Management LLC now owns 2,974 shares of the financial services provider’s stock worth $245,000 after buying an additional 122 shares in the last quarter. Finally, TKG Advisors LLC increased its stake in Aflac by 0.5% during the 1st quarter. TKG Advisors LLC now owns 24,536 shares of the financial services provider’s stock worth $2,107,000 after acquiring an additional 122 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aflac

In other Aflac news, Director Charles D. Lake II sold 22,378 shares of Aflac stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $87.47, for a total transaction of $1,957,403.66. Following the transaction, the director now directly owns 61,522 shares of the company’s stock, valued at approximately $5,381,329.34. 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 Charles D. Lake II sold 22,378 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $87.47, for a total transaction of $1,957,403.66. Following the completion of the transaction, the director now owns 61,522 shares in the company, valued at approximately $5,381,329.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total transaction of $197,880.00. Following the completion of the sale, the director now directly owns 18,158 shares in the company, valued at $1,796,552.52. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AFL. Truist Financial upped their target price on Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Piper Sandler increased their price objective on shares of Aflac from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Wells Fargo & Company boosted their target price on shares of Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday. StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, UBS Group lifted their price objective on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Aflac currently has an average rating of “Hold” and an average price target of $90.62.

Aflac Price Performance

Shares of AFL traded up $1.05 during trading hours on Wednesday, reaching $102.78. The stock had a trading volume of 495,092 shares, compared to its average volume of 2,220,659. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10. Aflac Incorporated has a 12 month low of $72.78 and a 12 month high of $104.90. The stock has a market capitalization of $58.40 billion, a PE ratio of 11.23, a PEG ratio of 2.76 and a beta of 0.95. The company’s 50-day moving average is $92.44 and its two-hundred day moving average is $86.50.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.60 by $0.23. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period last year, the company earned $1.58 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. Research analysts expect that Aflac Incorporated will post 6.48 EPS for the current year.

Aflac Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, August 21st. Aflac’s payout ratio is currently 22.08%.

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.