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

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AFL. Y.D. More Investments Ltd purchased a new stake in shares of Aflac during the second quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new position in Aflac during the 3rd quarter worth $34,000. Raelipskie Partnership acquired a new stake in shares of Aflac in the 3rd quarter worth $38,000. Covestor Ltd boosted its holdings in shares of 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 acquiring an additional 107 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new position in shares of Aflac during the third quarter worth about $45,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Aflac

In other news, EVP Audrey B. Tillman sold 24,744 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the sale, the executive vice president now owns 222,618 shares of the company’s stock, valued at $23,018,701.20. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. StockNews.com raised Aflac from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Aflac from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday. Bank of America boosted their price objective on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company upped their target price on shares of Aflac to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. 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 company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.29.

Aflac Trading Down 2.9 %

AFL stock traded down $3.02 on Friday, hitting $100.55. 470,023 shares of the company were exchanged, compared to its average volume of 1,399,940. The stock has a market capitalization of $55.86 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. The business’s fifty day moving average is $106.71 and its two-hundred day moving average is $104.64. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The firm’s quarterly revenue was down 40.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 earnings per share. As a group, research analysts forecast that Aflac Incorporated will post 7.27 earnings per share for the current year.

Aflac Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be issued a $0.58 dividend. This is a positive change 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 2.31%. Aflac’s dividend payout ratio (DPR) is presently 34.94%.

Aflac 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.