Capital Advisors Inc. OK Sells 4,423 Shares of Aflac Incorporated (NYSE:AFL)

Capital Advisors Inc. OK trimmed its holdings in Aflac Incorporated (NYSE:AFL) by 67.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,181 shares of the financial services provider’s stock after selling 4,423 shares during the period. Capital Advisors Inc. OK’s holdings in Aflac were worth $226,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Spinnaker Trust boosted its holdings in Aflac by 2.7% in the third quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 95 shares in the last quarter. Secure Asset Management LLC lifted its position 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 buying an additional 96 shares during the last quarter. Phillips Wealth Planners LLC boosted its stake in shares of Aflac by 1.5% during the 4th quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock worth $662,000 after acquiring an additional 100 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Aflac by 23.2% during the 4th quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 100 shares during the last quarter. Finally, New Century Financial Group LLC raised its stake in shares of 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 valued at $469,000 after acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Aflac from $103.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Piper Sandler decreased their price objective on shares of Aflac from $122.00 to $118.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Keefe, Bruyette & Woods dropped their target price on shares of Aflac from $107.00 to $104.00 and set a “market perform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Truist Financial raised their price target on Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Aflac currently has an average rating of “Hold” and an average price target of $103.00.

Insider Activity at Aflac

In related news, EVP Audrey B. Tillman sold 24,744 shares of the business’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $103.40, for a total value of $2,558,529.60. Following the sale, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by insiders.

Aflac Price Performance

Shares of AFL stock opened at $102.98 on Thursday. Aflac Incorporated has a 12 month low of $77.01 and a 12 month high of $115.50. The company has a market capitalization of $57.21 billion, a P/E ratio of 10.73, a P/E/G ratio of 2.10 and a beta of 0.99. The stock has a 50 day moving average of $104.41 and a two-hundred day moving average of $107.07. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. As a group, equities analysts expect that Aflac Incorporated will post 6.95 EPS for the current year.

Aflac Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.58 per share. This is a positive change from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Wednesday, February 19th. Aflac’s payout ratio is 20.83%.

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.