Dominguez Wealth Management Solutions Inc. Grows Stake in Aflac Incorporated (NYSE:AFL)

Dominguez Wealth Management Solutions Inc. increased its holdings in shares of Aflac Incorporated (NYSE:AFL) by 3.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 25,376 shares of the financial services provider’s stock after acquiring an additional 841 shares during the quarter. Aflac comprises approximately 1.7% of Dominguez Wealth Management Solutions Inc.’s investment portfolio, making the stock its 16th largest holding. Dominguez Wealth Management Solutions Inc.’s holdings in Aflac were worth $2,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AFL. Fortitude Family Office LLC purchased a new position in shares of Aflac in the 4th quarter valued at $25,000. Atwood & Palmer Inc. increased its position in shares of Aflac by 80.0% during the first quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 140 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Aflac in the 4th quarter valued at about $32,000. Criterion Capital Advisors LLC acquired a new stake in shares of Aflac in the 4th quarter valued at about $33,000. Finally, Sachetta LLC purchased a new position in Aflac during the 4th quarter worth approximately $35,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Charles D. Lake II sold 22,378 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $87.47, for a total value of $1,957,403.66. Following the completion of the transaction, the director now owns 61,522 shares in the company, valued at $5,381,329.34. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Joseph L. Moskowitz sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $84.84, for a total transaction of $50,904.00. Following the completion of the transaction, the director now directly owns 27,550 shares of the company’s stock, valued at approximately $2,337,342. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles D. Lake II sold 22,378 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $87.47, for a total value of $1,957,403.66. Following the completion of the transaction, the director now directly owns 61,522 shares of the company’s stock, valued at $5,381,329.34. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AFL. Piper Sandler raised their target price on shares of Aflac from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods increased their target price on shares of Aflac from $83.00 to $87.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Jefferies Financial Group dropped their price target on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Truist Financial increased their price objective on Aflac from $80.00 to $82.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aflac has a consensus rating of “Hold” and an average target price of $83.46.

Aflac Price Performance

Shares of NYSE AFL traded down $0.27 during midday trading on Monday, hitting $89.04. The company had a trading volume of 1,850,620 shares, compared to its average volume of 2,246,846. The firm has a market capitalization of $50.59 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95. Aflac Incorporated has a twelve month low of $69.00 and a twelve month high of $91.15. The business has a 50-day simple moving average of $87.03 and a two-hundred day simple moving average of $83.82. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.34.

Aflac (NYSE:AFL) last issued its earnings results on Monday, May 6th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Aflac had a net margin of 27.67% and a return on equity of 16.88%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. Equities research analysts anticipate that Aflac Incorporated will post 6.46 earnings per share for the current year.

Aflac Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This is a boost from Aflac’s previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a yield of 2.25%. Aflac’s payout ratio is currently 22.08%.

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.