Beaumont Financial Advisors LLC Sells 243 Shares of Aflac Incorporated (NYSE:AFL)

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

Several other hedge funds also recently modified their holdings of the company. Spinnaker Trust grew 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 boosted its stake in 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 grew its holdings in shares of Aflac by 0.6% during 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 during the last quarter. New Century Financial Group LLC increased its stake in shares of Aflac by 2.5% in the third quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock valued at $469,000 after buying an additional 101 shares in the last quarter. Finally, Covestor Ltd raised 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 buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AFL has been the topic of a number of research analyst reports. TD Cowen began coverage on shares of Aflac in a report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective on the stock. Wells Fargo & Company raised their price target on shares of Aflac from $103.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Truist Financial upped their price objective on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Bank of America lifted their target price on Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Evercore ISI cut their price target on Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $102.07.

Insider Transactions at Aflac

In related news, EVP Audrey B. Tillman sold 24,744 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $23,018,701.20. This represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is currently owned by insiders.

Aflac Stock Performance

Shares of NYSE:AFL opened at $104.27 on Thursday. The firm’s 50 day simple moving average is $106.24 and its 200 day simple moving average is $105.72. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week high of $115.50. The company has a market capitalization of $57.92 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 2.13 and a beta of 1.00. 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 earnings results 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 company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the business posted $1.84 earnings per share. The business’s revenue for the quarter was down 40.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Aflac Incorporated will post 7.26 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. Shareholders of record on Wednesday, February 19th will be issued a $0.58 dividend. This is an increase from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Wednesday, February 19th. Aflac’s dividend payout ratio is 30.12%.

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.