Kwmg LLC Sells 330 Shares of Aflac Incorporated (NYSE:AFL)

Kwmg LLC reduced its position in Aflac Incorporated (NYSE:AFL) by 0.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 72,794 shares of the financial services provider’s stock after selling 330 shares during the period. Kwmg LLC’s holdings in Aflac were worth $8,094,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of Aflac in the fourth quarter valued at approximately $26,000. BankPlus Trust Department bought a new stake in Aflac in the 4th quarter valued at $34,000. Curio Wealth LLC acquired a new stake in Aflac during the 4th quarter valued at $36,000. OFI Invest Asset Management acquired a new stake in Aflac during the 4th quarter valued at $38,000. Finally, Capital A Wealth Management LLC bought a new position in Aflac during the fourth quarter worth $38,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AFL has been the topic of several research analyst reports. Barclays increased their price objective on shares of Aflac from $95.00 to $96.00 and gave the company an “underweight” rating in a research report on Thursday, May 1st. UBS Group raised their price objective on shares of Aflac from $109.00 to $114.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Raymond James reduced their price objective on Aflac from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, May 29th. Keefe, Bruyette & Woods upped their target price on Aflac from $104.00 to $106.00 and gave the company a “market perform” rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on Aflac from $94.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $104.93.

Insider Buying and Selling at Aflac

In other Aflac news, Director Masatoshi Koide sold 37,000 shares of the business’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $105.59, for a total transaction of $3,906,830.00. Following the completion of the transaction, the director now owns 70,992 shares of the company’s stock, valued at approximately $7,496,045.28. The trade was a 34.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $107.63, for a total transaction of $107,630.00. Following the completion of the sale, the director now owns 25,393 shares in the company, valued at approximately $2,733,048.59. The trade was a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,552 shares of company stock valued at $7,609,382. 0.90% of the stock is currently owned by corporate insiders.

Aflac Stock Performance

AFL opened at $103.78 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10. Aflac Incorporated has a 52-week low of $86.46 and a 52-week high of $115.50. The firm has a market cap of $56.11 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 3.24 and a beta of 0.84. The business’s fifty day moving average is $106.02 and its 200-day moving average is $106.10.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.01). The firm 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 company’s quarterly revenue was down 37.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.66 earnings per share. Sell-side analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, May 21st. Aflac’s payout ratio is presently 36.25%.

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.