Nilsine Partners LLC Acquires 357 Shares of Aflac Incorporated (NYSE:AFL)

Nilsine Partners LLC boosted its holdings in Aflac Incorporated (NYSE:AFL) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,813 shares of the financial services provider’s stock after purchasing an additional 357 shares during the period. Nilsine Partners LLC’s holdings in Aflac were worth $1,015,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AFL. Spinnaker Trust grew its stake in shares of Aflac by 2.7% in the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock worth $405,000 after buying an additional 95 shares during the last quarter. Secure Asset Management LLC grew its stake in shares of Aflac by 1.0% in the third quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock worth $1,094,000 after acquiring an additional 96 shares during the last quarter. Phillips Wealth Planners LLC increased its holdings in shares of Aflac by 1.5% during the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock valued at $662,000 after acquiring an additional 100 shares in the last quarter. Raleigh Capital Management Inc. raised its position in shares of Aflac by 23.2% in the 4th quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 100 shares during the last quarter. Finally, New Century Financial Group LLC boosted its stake in Aflac by 2.5% in the 3rd quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 101 shares in the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI reduced their price objective on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating for the company in a research note on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price objective on shares of Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Barclays lifted their target price on Aflac from $96.00 to $98.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Piper Sandler upped their price target on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Bank of America lifted their price objective on Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $102.67.

Aflac Trading Down 0.7 %

Shares of AFL stock opened at $107.39 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market cap of $59.66 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.10 and a beta of 1.00. Aflac Incorporated has a 1 year low of $75.07 and a 1 year high of $115.50. The firm has a fifty day moving average price of $105.81 and a 200-day moving average price of $106.15.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The business’s quarterly revenue was down 40.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.84 earnings per share. As a group, equities analysts predict that Aflac Incorporated will post 7.26 earnings per share for the current year.

Aflac Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.58 per share. This is a boost from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, February 19th. This represents a $2.32 dividend on an annualized basis and a yield of 2.16%. Aflac’s dividend payout ratio (DPR) is presently 30.12%.

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.