Roffman Miller Associates Inc. PA Lowers Position in Aflac Incorporated (NYSE:AFL)

Roffman Miller Associates Inc. PA cut its holdings in Aflac Incorporated (NYSE:AFL) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 385,975 shares of the financial services provider’s stock after selling 5,489 shares during the quarter. Aflac makes up about 2.5% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 14th largest position. Roffman Miller Associates Inc. PA owned approximately 0.07% of Aflac worth $39,925,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. AMF Tjanstepension AB lifted its position in shares of Aflac by 13.3% during the third quarter. AMF Tjanstepension AB now owns 252,137 shares of the financial services provider’s stock valued at $28,206,000 after buying an additional 29,602 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Aflac by 70.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 46,033 shares of the financial services provider’s stock valued at $5,146,000 after buying an additional 19,037 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Aflac by 21.5% during the third quarter. Private Advisor Group LLC now owns 21,913 shares of the financial services provider’s stock valued at $2,450,000 after buying an additional 3,876 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Aflac by 10,878.5% during the third quarter. International Assets Investment Management LLC now owns 559,903 shares of the financial services provider’s stock valued at $62,597,000 after buying an additional 554,803 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Aflac by 11.3% during the third quarter. Assenagon Asset Management S.A. now owns 72,198 shares of the financial services provider’s stock valued at $8,072,000 after buying an additional 7,341 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

AFL has been the subject of several analyst reports. Truist Financial increased their price target on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Barclays cut their price objective on shares of Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. BMO Capital Markets assumed coverage on shares of Aflac in a report on Thursday, January 23rd. They set a “market perform” rating and a $111.00 price objective on the stock. Evercore ISI cut their price objective on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a report on Wednesday, December 4th. Finally, Piper Sandler cut their price objective on shares of Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $102.86.

Aflac Price Performance

Shares of NYSE:AFL opened at $102.04 on Monday. Aflac Incorporated has a twelve month low of $78.62 and a twelve month high of $115.50. The company’s 50 day moving average is $104.11 and its 200 day moving average is $107.41. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29. The company has a market cap of $56.69 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 3.31 and a beta of 0.99.

Aflac (NYSE:AFL) last released its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. On average, sell-side analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, February 19th. This is a positive change from Aflac’s previous quarterly dividend of $0.50. Aflac’s dividend payout ratio is currently 24.17%.

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.