Rowlandmiller & PARTNERS.ADV Has $3.03 Million Stake in Aflac Incorporated (NYSE:AFL)

Rowlandmiller & PARTNERS.ADV decreased its position in Aflac Incorporated (NYSE:AFL) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,297 shares of the financial services provider’s stock after selling 2,076 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Aflac were worth $3,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AFL. Darwin Wealth Management LLC acquired a new position in shares of Aflac in the third quarter valued at approximately $34,000. Raelipskie Partnership acquired a new position in shares of Aflac in the third quarter valued at approximately $38,000. Covestor Ltd grew its position in shares of Aflac by 41.8% in the third quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 107 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of Aflac in the third quarter valued at approximately $45,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Aflac in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their target price on Aflac from $107.00 to $104.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th. Evercore ISI cut their price target on Aflac from $104.00 to $102.00 and set an “underperform” rating for the company in a research note on Wednesday, December 4th. BMO Capital Markets initiated coverage on Aflac in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Aflac from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price target on Aflac from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $102.86.

Aflac Stock Down 2.1 %

NYSE AFL opened at $102.04 on Monday. The business has a fifty day moving average price of $104.11 and a two-hundred day moving average price of $107.41. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08. Aflac Incorporated has a fifty-two week low of $78.62 and a fifty-two week high of $115.50. The stock has a market capitalization of $56.69 billion, a PE ratio of 10.63, a PEG ratio of 3.31 and a beta of 0.99.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share 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%. Equities analysts expect that Aflac Incorporated will post 6.88 earnings per share for the current fiscal 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 issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a dividend yield of 2.27%. Aflac’s dividend payout ratio is 24.17%.

Insider Transactions at Aflac

In other news, EVP Audrey B. Tillman sold 24,744 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 222,618 shares in the company, valued at approximately $23,018,701.20. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

Aflac 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.