Measured Wealth Private Client Group LLC Sells 1,257 Shares of Aflac Incorporated (NYSE:AFL)

Measured Wealth Private Client Group LLC lessened its stake in Aflac Incorporated (NYSE:AFL) by 28.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,145 shares of the financial services provider’s stock after selling 1,257 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Aflac were worth $352,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Secure Asset Management LLC grew its position in shares of Aflac by 1.0% during the 3rd quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock valued at $1,094,000 after acquiring an additional 96 shares during the period. Ascent Group LLC grew its position in shares of Aflac by 0.6% during the 2nd quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after acquiring an additional 99 shares during the period. Ieq Capital LLC grew its position in shares of Aflac by 0.5% during the 2nd quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after acquiring an additional 101 shares during the period. New Century Financial Group LLC grew its position in shares of Aflac by 2.5% during the 3rd quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 101 shares during the period. Finally, Forum Financial Management LP grew its position in shares of Aflac by 1.3% during the 2nd quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock valued at $745,000 after acquiring an additional 107 shares during the period. Institutional investors own 67.44% of the company’s stock.

Aflac Stock Down 0.9 %

Shares of AFL stock opened at $109.06 on Thursday. The stock has a market cap of $61.97 billion, a P/E ratio of 12.15, a PEG ratio of 2.62 and a beta of 0.95. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $110.61 and its two-hundred day simple moving average is $97.46.

Aflac (NYSE:AFL) last announced its 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 $1.70 by $0.46. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business’s revenue was down 40.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 EPS. Analysts predict that Aflac Incorporated will post 6.76 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.83%. Aflac’s dividend payout ratio is 22.08%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective for the company. Citigroup boosted their price objective on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Piper Sandler lifted their target price on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Truist Financial lifted their target price on shares of Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Bank of America lifted their target price on shares of Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Aflac has an average rating of “Hold” and an average target price of $97.53.

Insider Activity

In other news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total transaction of $197,880.00. Following the sale, the director now directly owns 18,158 shares in the company, valued at approximately $1,796,552.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

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.