Aflac Incorporated (NYSE:AFL) Stock Position Lessened by Redwood Investment Management LLC

Redwood Investment Management LLC reduced its stake in shares of Aflac Incorporated (NYSE:AFL) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,819 shares of the financial services provider’s stock after selling 2,266 shares during the quarter. Redwood Investment Management LLC’s holdings in Aflac were worth $1,429,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AFL. Roxbury Financial LLC acquired a new stake in shares of Aflac in the 4th quarter worth approximately $948,000. Willis Investment Counsel lifted its position in Aflac by 1.2% in the fourth quarter. Willis Investment Counsel now owns 273,466 shares of the financial services provider’s stock worth $28,287,000 after purchasing an additional 3,357 shares during the period. Barclays PLC lifted its position in Aflac by 10.1% in the third quarter. Barclays PLC now owns 1,391,127 shares of the financial services provider’s stock worth $155,529,000 after purchasing an additional 127,911 shares during the period. Integrated Investment Consultants LLC boosted its stake in Aflac by 71.5% during the 4th quarter. Integrated Investment Consultants LLC now owns 41,668 shares of the financial services provider’s stock valued at $4,310,000 after purchasing an additional 17,375 shares in the last quarter. Finally, Flywheel Private Wealth LLC acquired a new position in shares of Aflac during the 4th quarter valued at $280,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Transactions at Aflac

In related news, Director Charles D. Lake II sold 29,802 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $107.29, for a total value of $3,197,456.58. Following the transaction, the director now owns 49,962 shares in the company, valued at approximately $5,360,422.98. This represents a 37.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $106.79, for a total transaction of $106,790.00. Following the transaction, the director now directly owns 26,096 shares in the company, valued at approximately $2,786,791.84. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,802 shares of company stock valued at $3,411,877. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AFL shares. Morgan Stanley cut their price objective on Aflac from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Barclays upped their price target on shares of Aflac from $95.00 to $96.00 and gave the company an “underweight” rating in a report on Thursday, May 1st. StockNews.com cut shares of Aflac from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Wells Fargo & Company raised their target price on shares of Aflac from $102.00 to $103.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Finally, Piper Sandler lifted their price target on shares of Aflac from $118.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Aflac currently has a consensus rating of “Hold” and an average target price of $104.21.

Aflac Stock Up 1.8%

Shares of Aflac stock opened at $105.73 on Friday. Aflac Incorporated has a 1 year low of $86.46 and a 1 year high of $115.50. The company has a market cap of $57.16 billion, a P/E ratio of 11.01, a P/E/G ratio of 3.24 and a beta of 0.84. 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 stock has a 50-day moving average price of $106.99 and a 200 day moving average price of $106.51.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.66 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.01). The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $4.53 billion. Aflac had a return on equity of 16.20% and a net margin of 28.76%. The business’s revenue for the quarter was down 37.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 earnings per share. As a group, analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Wednesday, May 21st. Aflac’s dividend payout ratio is currently 36.25%.

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.