Mather Group LLC. Has $14.38 Million Stake in Aflac Incorporated (NYSE:AFL)

Mather Group LLC. lessened its stake in shares of Aflac Incorporated (NYSE:AFL) by 7.3% during the fourth quarter, Holdings Channel reports. The fund owned 139,018 shares of the financial services provider’s stock after selling 10,910 shares during the quarter. Mather Group LLC.’s holdings in Aflac were worth $14,380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Longboard Asset Management LP bought a new position in shares of Aflac during the 4th quarter worth about $238,000. Columbus Macro LLC boosted its stake in Aflac by 392.6% during the 4th quarter. Columbus Macro LLC now owns 72,083 shares of the financial services provider’s stock valued at $7,456,000 after purchasing an additional 57,450 shares during the last quarter. Trust Point Inc. increased its holdings in Aflac by 4.6% during the 4th quarter. Trust Point Inc. now owns 3,967 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 176 shares in the last quarter. Optas LLC raised its stake in shares of Aflac by 18.8% in the fourth quarter. Optas LLC now owns 2,848 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 451 shares during the last quarter. Finally, Catalina Capital Group LLC grew its holdings in Aflac by 6.1% during the fourth quarter. Catalina Capital Group LLC now owns 4,546 shares of the financial services provider’s stock worth $470,000 after buying an additional 263 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Aflac Trading Down 0.7 %

Shares of AFL opened at $106.65 on Tuesday. The business’s 50-day moving average price is $105.50 and its 200-day moving average price is $106.55. The stock has a market cap of $59.25 billion, a PE ratio of 16.06, a P/E/G ratio of 2.16 and a beta of 0.99. Aflac Incorporated has a twelve month low of $75.44 and a twelve month high of $115.50. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32.

Aflac Increases Dividend

The company 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 $0.58 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $2.32 annualized dividend and a dividend yield of 2.18%. This is a boost from Aflac’s previous quarterly dividend of $0.50. Aflac’s dividend payout ratio is presently 30.12%.

Insider Activity at Aflac

In other news, EVP Audrey B. Tillman sold 24,744 shares of Aflac 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 sale, the executive vice president now directly owns 222,618 shares of the company’s stock, valued at approximately $23,018,701.20. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AFL has been the topic of several analyst reports. StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Truist Financial raised their target price on Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Barclays increased their price target on shares of Aflac from $96.00 to $98.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. TD Cowen assumed coverage on shares of Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Aflac from $108.00 to $107.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.71.

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.