Los Angeles Capital Management LLC Has $6.09 Million Holdings in Aflac Incorporated (NYSE:AFL)

Los Angeles Capital Management LLC lowered its position in Aflac Incorporated (NYSE:AFL) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,814 shares of the financial services provider’s stock after selling 969 shares during the period. Los Angeles Capital Management LLC’s holdings in Aflac were worth $6,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flputnam Investment Management Co. raised its stake in Aflac by 0.5% in the fourth quarter. Flputnam Investment Management Co. now owns 25,031 shares of the financial services provider’s stock valued at $2,065,000 after purchasing an additional 122 shares in the last quarter. Baystate Wealth Management LLC boosted its holdings in shares of Aflac by 24.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 675 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 131 shares in the last quarter. Brighton Jones LLC increased its holdings in Aflac by 2.3% in the 3rd quarter. Brighton Jones LLC now owns 6,156 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 136 shares in the last quarter. MV Capital Management Inc. boosted its stake in shares of Aflac by 3.7% during the third quarter. MV Capital Management Inc. now owns 3,779 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 136 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in Aflac by 4.9% in the 4th quarter. Simon Quick Advisors LLC now owns 2,950 shares of the financial services provider’s stock valued at $243,000 after buying an additional 139 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.

Insider Transactions at Aflac

In related news, SVP Albert Riggieri sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $83.34, for a total value of $666,720.00. Following the sale, the senior vice president now owns 32,825 shares of the company’s stock, valued at approximately $2,735,635.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Masatoshi Koide sold 30,493 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $79.91, for a total value of $2,436,695.63. Following the transaction, the director now owns 86,090 shares in the company, valued at $6,879,451.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Albert Riggieri sold 8,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $83.34, for a total transaction of $666,720.00. Following the transaction, the senior vice president now owns 32,825 shares in the company, valued at $2,735,635.50. The disclosure for this sale can be found here. Insiders have sold 46,493 shares of company stock valued at $3,765,706 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AFL. UBS Group boosted their target price on Aflac from $80.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Morgan Stanley raised their target price on Aflac from $80.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. The Goldman Sachs Group upped their price target on shares of Aflac from $61.00 to $75.00 and gave the stock a “sell” rating in a report on Tuesday, January 9th. Keefe, Bruyette & Woods boosted their price target on shares of Aflac from $83.00 to $87.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, Truist Financial upped their price target on shares of Aflac from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $82.31.

Aflac Stock Down 1.0 %

NYSE AFL opened at $83.21 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.08 and a debt-to-equity ratio of 0.34. Aflac Incorporated has a 52 week low of $64.10 and a 52 week high of $86.26. The business’s fifty day simple moving average is $83.14 and its 200-day simple moving average is $81.89. The firm has a market cap of $47.88 billion, a PE ratio of 9.18, a P/E/G ratio of 2.28 and a beta of 0.91.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Aflac had a return on equity of 16.88% and a net margin of 27.67%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.55 earnings per share. As a group, equities analysts anticipate that Aflac Incorporated will post 6.43 earnings per share for the current year.

Aflac Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 22nd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.40%. This is an increase from Aflac’s previous quarterly dividend of $0.42. Aflac’s dividend payout ratio (DPR) is 22.08%.

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.