Aflac Incorporated (NYSE:AFL) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its holdings in Aflac Incorporated (NYSE:AFL) by 51.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,843 shares of the financial services provider’s stock after selling 9,410 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Aflac were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Spinnaker Trust lifted its position in shares of Aflac by 2.7% in 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 in the last quarter. Secure Asset Management LLC increased its holdings in Aflac by 1.0% in the third quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock worth $1,094,000 after buying an additional 96 shares during the last quarter. Ascent Group LLC increased its holdings in Aflac by 0.6% in the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock worth $1,539,000 after buying an additional 99 shares during the last quarter. Phillips Wealth Planners LLC increased its holdings in Aflac by 1.5% in the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock worth $662,000 after buying an additional 100 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Aflac by 23.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock worth $55,000 after buying an additional 100 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on AFL shares. 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, January 14th. Bank of America increased their price objective on Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Piper Sandler increased their price target on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen began coverage on Aflac in a report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price target on the stock. Finally, Barclays increased their price target on Aflac from $96.00 to $98.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $102.67.

Insider Activity

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

Aflac Stock Up 0.3 %

Shares of NYSE AFL opened at $104.82 on Friday. The stock has a market cap of $58.23 billion, a PE ratio of 15.79, a PEG ratio of 2.10 and a beta of 1.00. The business has a fifty day moving average of $106.01 and a two-hundred day moving average of $105.70. Aflac Incorporated has a 52-week low of $75.07 and a 52-week high of $115.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.08 and a current ratio of 0.08.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.30 billion. During the same period last year, the company posted $1.84 earnings per share. The firm’s quarterly revenue was down 40.4% compared to the same quarter last year. As a group, equities research analysts expect that Aflac Incorporated will post 7.26 earnings per share 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 $0.58 dividend. The ex-dividend date is Wednesday, February 19th. This is a positive change from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.21%. Aflac’s dividend payout ratio (DPR) is 30.12%.

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.