Beaumont Financial Advisors LLC Has $356,000 Stake in Aflac Incorporated (NYSE:AFL)

Beaumont Financial Advisors LLC reduced its position in shares of Aflac Incorporated (NYSE:AFL) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,440 shares of the financial services provider’s stock after selling 243 shares during the period. Beaumont Financial Advisors LLC’s holdings in Aflac were worth $356,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AFL. Spinnaker Trust boosted its position in Aflac by 2.7% during the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 95 shares during the last quarter. Secure Asset Management LLC lifted its position in shares of 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 purchasing an additional 96 shares in the last quarter. Ascent Group LLC lifted its position in shares of 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 purchasing an additional 99 shares in the last quarter. New Century Financial Group LLC boosted its holdings in 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 purchasing an additional 101 shares during the last quarter. Finally, Covestor Ltd grew its position in Aflac by 41.8% in the third quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 107 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Audrey B. Tillman sold 24,744 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 222,618 shares in the company, valued at approximately $23,018,701.20. This represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Aflac Price Performance

Shares of NYSE AFL opened at $104.27 on Thursday. The firm has a market cap of $57.92 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00. The business’s 50 day moving average is $106.24 and its 200-day moving average is $105.72. The company has a current ratio of 0.08, a quick 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.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.47. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The company’s quarterly revenue was down 40.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 EPS. Equities research analysts predict that Aflac Incorporated will post 7.26 earnings per share for the current year.

Aflac Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be paid a $0.58 dividend. This is a boost 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 yield of 2.23%. Aflac’s payout ratio is 30.12%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AFL shares. Bank of America upped their target price on Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company increased their price objective on Aflac from $103.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Piper Sandler boosted their target price on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Truist Financial increased their price target on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, TD Cowen assumed coverage on shares of Aflac in a research note on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $102.07.

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.