Aflac Incorporated (NYSE:AFL) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp decreased its position in Aflac Incorporated (NYSE:AFL) by 1.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 79,099 shares of the financial services provider’s stock after selling 1,515 shares during the period. Toth Financial Advisory Corp’s holdings in Aflac were worth $6,791,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Flputnam Investment Management Co. grew its position in Aflac by 0.5% during the fourth quarter. Flputnam Investment Management Co. now owns 25,031 shares of the financial services provider’s stock worth $2,065,000 after buying an additional 122 shares during the period. ICA Group Wealth Management LLC grew its position in Aflac by 4.3% during the fourth quarter. ICA Group Wealth Management LLC now owns 2,974 shares of the financial services provider’s stock worth $245,000 after buying an additional 122 shares during the period. Simon Quick Advisors LLC grew its position in Aflac by 4.9% during the fourth quarter. Simon Quick Advisors LLC now owns 2,950 shares of the financial services provider’s stock worth $243,000 after buying an additional 139 shares during the period. Atwood & Palmer Inc. grew its position in 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 buying an additional 140 shares during the period. Finally, Legacy Advisors LLC grew its position in Aflac by 2.8% during the third quarter. Legacy Advisors LLC now owns 5,213 shares of the financial services provider’s stock worth $400,000 after buying an additional 144 shares during the period. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Joseph L. Moskowitz sold 600 shares of the company’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 owns 27,550 shares of the company’s stock, valued at $2,337,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Joseph L. Moskowitz sold 600 shares of the company’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 owns 27,550 shares of the company’s stock, valued at $2,337,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles D. Lake II sold 22,378 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $87.47, for a total transaction of $1,957,403.66. Following the transaction, the director now directly owns 61,522 shares of the company’s stock, valued at approximately $5,381,329.34. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AFL shares. Jefferies Financial Group lowered their target price on shares of Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday. StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Morgan Stanley upped their price target on shares of Aflac from $80.00 to $84.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Piper Sandler upped their price target on shares of Aflac from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company upped their price target on shares of Aflac from $81.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.46.

Aflac Trading Up 0.2 %

Shares of AFL traded up $0.15 on Friday, hitting $89.31. 3,455,193 shares of the stock traded hands, compared to its average volume of 2,288,406. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $50.75 billion, a P/E ratio of 9.86, a P/E/G ratio of 2.20 and a beta of 0.96. The stock’s 50 day moving average is $87.03 and its two-hundred day moving average is $83.82. Aflac Incorporated has a 1 year low of $68.34 and a 1 year high of $91.15.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.09 billion. Aflac had a net margin of 27.67% and a return on equity of 16.88%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. As a group, sell-side analysts predict that Aflac Incorporated will post 6.46 earnings per share for the current year.

Aflac Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd were given a dividend of $0.50 per share. This is a positive change from Aflac’s previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, May 21st. This represents a $2.00 annualized dividend and a yield of 2.24%. Aflac’s dividend payout ratio is 22.08%.

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.