Brendel Financial Advisors LLC Has $3.81 Million Stake in Aflac Incorporated (NYSE:AFL)

Brendel Financial Advisors LLC decreased its stake in Aflac Incorporated (NYSE:AFL) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,827 shares of the financial services provider’s stock after selling 1,751 shares during the quarter. Aflac accounts for about 2.3% of Brendel Financial Advisors LLC’s portfolio, making the stock its 11th largest position. Brendel Financial Advisors LLC’s holdings in Aflac were worth $3,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Spinnaker Trust raised its position in shares of Aflac by 2.7% during the third quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 95 shares during the period. Secure Asset Management LLC raised its position in shares of Aflac by 1.0% during the third quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock worth $1,094,000 after purchasing an additional 96 shares during the period. Ascent Group LLC raised its position in shares of Aflac by 0.6% during the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock worth $1,539,000 after purchasing an additional 99 shares during the period. Ieq Capital LLC raised its position in shares of Aflac by 0.5% during the second quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock worth $1,945,000 after purchasing an additional 101 shares during the period. Finally, New Century Financial Group LLC grew its holdings in shares of Aflac by 2.5% during the third quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock worth $469,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AFL shares. Evercore ISI decreased their price objective on Aflac from $104.00 to $102.00 and set an “underperform” rating for the company in a report on Wednesday, December 4th. StockNews.com upgraded Aflac from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on Aflac from $103.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday. Truist Financial increased their price objective on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $102.07.

Aflac Stock Up 1.0 %

AFL stock opened at $103.52 on Wednesday. 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 Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The business has a 50 day moving average price of $106.55 and a two-hundred day moving average price of $105.12. The company has a market cap of $57.51 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 2.09 and a beta of 1.00.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $1.69 by $0.47. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the company posted $1.84 EPS. The firm’s revenue for the quarter was down 40.4% compared to the same quarter last year. Analysts anticipate that Aflac Incorporated will post 7.27 EPS for the current fiscal year.

Aflac Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.58 per share. This is an increase from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Wednesday, February 19th. Aflac’s payout ratio is currently 34.94%.

Insider Transactions at Aflac

In other news, EVP Audrey B. Tillman sold 24,744 shares of Aflac 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 completion of the transaction, the executive vice president now directly owns 222,618 shares in the company, valued at approximately $23,018,701.20. The trade was a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by corporate insiders.

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.