Brady Family Wealth LLC Sells 224 Shares of Aflac Incorporated (NYSE:AFL)

Brady Family Wealth LLC decreased its position in shares of Aflac Incorporated (NYSE:AFL) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,301 shares of the financial services provider’s stock after selling 224 shares during the period. Brady Family Wealth LLC’s holdings in Aflac were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Spinnaker Trust increased its holdings in Aflac by 2.7% during the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 95 shares in the last quarter. Secure Asset Management LLC grew its holdings in shares of Aflac by 1.0% during 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 during the last quarter. Ascent Group LLC increased its stake 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 valued at $1,539,000 after buying an additional 99 shares in the last quarter. Ieq Capital LLC raised its holdings in shares of Aflac by 0.5% in the second quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after buying an additional 101 shares during the last quarter. Finally, New Century Financial Group LLC lifted its position in 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 worth $469,000 after buying an additional 101 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling

In related news, EVP Audrey B. Tillman sold 24,744 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 222,618 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Aflac Price Performance

Shares of AFL opened at $104.80 on Thursday. The stock has a market cap of $58.22 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. Aflac Incorporated has a 1 year low of $75.07 and a 1 year high of $115.50. The stock’s 50-day moving average price is $106.55 and its two-hundred day moving average price is $105.12. 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 (NYSE:AFL) last released 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. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm earned $1.84 EPS. Aflac’s quarterly revenue was down 40.4% compared to the same quarter last year. On average, equities analysts predict that Aflac Incorporated will post 7.27 earnings per share for the current year.

Aflac Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be given a $0.58 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from Aflac’s previous quarterly dividend of $0.50. Aflac’s dividend payout ratio is currently 34.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AFL shares. Wells Fargo & Company raised their price objective on shares of Aflac from $103.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday. Barclays raised their price target on shares of Aflac from $96.00 to $98.00 and gave the company an “underweight” rating in a report on Monday, January 6th. Evercore ISI reduced their price objective on Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a report on Wednesday, December 4th. Keefe, Bruyette & Woods decreased their price objective on Aflac from $108.00 to $107.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Finally, TD Cowen started coverage on Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Aflac presently has an average rating of “Hold” and an average target price of $102.07.

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.