CFS Investment Advisory Services LLC Has $3.22 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

CFS Investment Advisory Services LLC trimmed its position in Aflac Incorporated (NYSE:AFL) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 31,113 shares of the financial services provider’s stock after selling 146 shares during the period. CFS Investment Advisory Services LLC’s holdings in Aflac were worth $3,218,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Grimes & Company Inc. lifted its holdings in Aflac by 1.6% in the fourth quarter. Grimes & Company Inc. now owns 6,672 shares of the financial services provider’s stock valued at $690,000 after buying an additional 108 shares during the period. Firethorn Wealth Partners LLC lifted its stake in shares of Aflac by 2.7% in the 4th quarter. Firethorn Wealth Partners LLC now owns 8,968 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 233 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Aflac by 7.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,583 shares of the financial services provider’s stock worth $991,000 after purchasing an additional 654 shares during the last quarter. RFG Advisory LLC grew its stake in shares of Aflac by 25.3% during the fourth quarter. RFG Advisory LLC now owns 11,859 shares of the financial services provider’s stock worth $1,227,000 after purchasing an additional 2,394 shares during the period. Finally, Brighton Jones LLC increased its holdings in Aflac by 64.4% in the fourth quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after purchasing an additional 5,708 shares during the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AFL shares. Truist Financial boosted their target price on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. BMO Capital Markets assumed coverage on shares of Aflac in a research note on Thursday. They issued a “market perform” rating and a $111.00 target price for the company. Bank of America lifted their price target on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their price objective on shares of Aflac from $103.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods reduced their target price on Aflac from $108.00 to $107.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $102.67.

Aflac Price Performance

NYSE AFL opened at $104.82 on Friday. The firm’s 50 day moving average is $105.88 and its 200-day moving average is $105.81. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $58.23 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Aflac Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business earned $1.84 EPS. The company’s revenue was down 40.4% compared to the same quarter last year. Equities research analysts anticipate that Aflac Incorporated will post 7.26 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. Investors of record on Wednesday, February 19th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This is a boost from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a yield of 2.21%. Aflac’s dividend payout ratio is 30.12%.

Insider Buying and Selling at Aflac

In other news, EVP Audrey B. Tillman sold 24,744 shares of Aflac stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the transaction, the executive vice president now owns 222,618 shares of the company’s stock, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.90% of the company’s stock.

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.