ORG Wealth Partners LLC Trims Holdings in Aflac Incorporated (NYSE:AFL)

ORG Wealth Partners LLC lessened its stake in Aflac Incorporated (NYSE:AFL) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,507 shares of the financial services provider’s stock after selling 204 shares during the period. ORG Wealth Partners LLC’s holdings in Aflac were worth $777,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AFL. Wealth Enhancement Advisory Services LLC grew its stake in Aflac by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 146,363 shares of the financial services provider’s stock worth $16,363,000 after purchasing an additional 954 shares in the last quarter. Park National Corp OH increased its holdings in shares of Aflac by 7.7% in the 4th quarter. Park National Corp OH now owns 4,991 shares of the financial services provider’s stock valued at $516,000 after acquiring an additional 358 shares during the last quarter. Pensionfund Sabic raised its position in shares of Aflac by 23.1% during the 4th quarter. Pensionfund Sabic now owns 16,000 shares of the financial services provider’s stock valued at $1,655,000 after acquiring an additional 3,000 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in Aflac by 7.6% during the fourth quarter. Central Pacific Bank Trust Division now owns 2,746 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 194 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Aflac by 2.3% in the fourth quarter. GAMMA Investing LLC now owns 12,116 shares of the financial services provider’s stock worth $1,253,000 after purchasing an additional 273 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Audrey B. Tillman sold 24,744 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were 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 of the company’s stock, valued at approximately $23,018,701.20. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AFL has been the topic of a number of recent research reports. StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research report on Wednesday. Truist Financial upped their target price on Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday. Barclays upped their price objective on Aflac from $96.00 to $98.00 and gave the stock an “underweight” rating in a research note on Monday. Finally, TD Cowen began coverage on Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.29.

Aflac Stock Down 2.9 %

Shares of NYSE:AFL traded down $3.02 during trading on Friday, reaching $100.55. 470,023 shares of the company traded hands, compared to its average volume of 1,399,940. The firm has a fifty day simple moving average of $106.71 and a 200 day simple moving average of $104.64. 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 1-year low of $75.07 and a 1-year high of $115.50. The firm has a market cap of $55.86 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the business posted $1.84 earnings per share. The firm’s revenue was down 40.4% compared to the same quarter last year. Analysts anticipate that Aflac Incorporated will post 7.27 earnings per share for the current fiscal year.

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.58 per share. This is an increase from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.32 annualized dividend and a dividend yield of 2.31%. Aflac’s payout ratio is presently 34.94%.

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.