Aflac Incorporated $AFL Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC cut its holdings in Aflac Incorporated (NYSE:AFL) by 85.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,625 shares of the financial services provider’s stock after selling 22,091 shares during the period. BKM Wealth Management LLC’s holdings in Aflac were worth $405,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Duncan Williams Asset Management LLC raised its position in Aflac by 5.0% during the second quarter. Duncan Williams Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 98 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of Aflac by 5.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,037 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 99 shares during the last quarter. Stiles Financial Services Inc increased its stake in shares of Aflac by 3.4% during the 2nd quarter. Stiles Financial Services Inc now owns 3,070 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 100 shares in the last quarter. Smith Moore & CO. raised its position in shares of Aflac by 1.7% during the 2nd quarter. Smith Moore & CO. now owns 6,143 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 100 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC lifted its stake in Aflac by 2.5% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 4,408 shares of the financial services provider’s stock valued at $465,000 after buying an additional 107 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aflac

In related news, EVP Frederic Jean Guy Simard sold 1,722 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $112.50, for a total transaction of $193,725.00. Following the completion of the sale, the executive vice president owned 1,364 shares of the company’s stock, valued at approximately $153,450. This represents a 55.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $114.00, for a total transaction of $114,000.00. Following the completion of the transaction, the director owned 23,615 shares in the company, valued at $2,692,110. The trade was a 4.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 31,766 shares of company stock valued at $3,549,706. 0.90% of the stock is owned by company insiders.

Aflac Stock Performance

NYSE:AFL opened at $110.23 on Friday. The company has a market cap of $57.77 billion, a P/E ratio of 14.39, a P/E/G ratio of 3.23 and a beta of 0.67. The firm’s 50 day moving average is $110.59 and its two-hundred day moving average is $107.60. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $115.83. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30.

Aflac (NYSE:AFL) last released its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.07 EPS for the quarter. The business had revenue of $5.91 billion during the quarter. Aflac had a return on equity of 14.97% and a net margin of 23.55%. Analysts expect that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th will be paid a dividend of $0.61 per share. This is a boost from Aflac’s previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, February 18th. Aflac’s payout ratio is currently 31.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AFL. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aflac in a report on Monday, December 22nd. Evercore ISI upped their price objective on Aflac from $110.00 to $111.00 and gave the company an “underperform” rating in a research report on Friday, November 7th. Piper Sandler set a $125.00 price objective on Aflac and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Raymond James Financial reissued an “outperform” rating and issued a $119.00 target price (up previously from $110.00) on shares of Aflac in a research note on Tuesday, December 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Aflac from $108.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $110.67.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.