Aflac (NYSE:AFL) EVP Steven Kent Beaver Sells 5,492 Shares

Aflac Incorporated (NYSE:AFL) EVP Steven Kent Beaver sold 5,492 shares of Aflac stock in a transaction on Friday, December 12th. The shares were sold at an average price of $109.53, for a total value of $601,538.76. Following the completion of the sale, the executive vice president directly owned 38,368 shares of the company’s stock, valued at $4,202,447.04. This trade represents a 12.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Steven Kent Beaver also recently made the following trade(s):

• On Friday, December 5th, Steven Kent Beaver sold 3,452 shares of Aflac stock. The stock was sold at an average price of $109.26, for a total value of $377,165.52.

Aflac Stock Performance

Aflac stock opened at $111.05 on Tuesday. The company has a market cap of $58.20 billion, a PE ratio of 14.51, a PEG ratio of 3.24 and a beta of 0.66. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $115.83. The company’s 50-day moving average is $109.99 and its two-hundred day moving average is $106.68.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Monday, February 27th. The financial services provider reported $1.07 earnings per share for the quarter. Aflac had a net margin of 23.55% and a return on equity of 14.97%. The business had revenue of $5.91 billion during the quarter. Equities analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be issued a $0.61 dividend. This is a boost from Aflac’s previous quarterly dividend of $0.58. This represents a $2.44 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, February 18th. Aflac’s dividend payout ratio is currently 30.29%.

Wall Street Analysts Forecast Growth

AFL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on Aflac from $100.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Evercore ISI lifted their price objective on shares of Aflac from $110.00 to $111.00 and gave the stock an “underperform” rating in a research note on Friday, November 7th. Morgan Stanley set a $120.00 target price on shares of Aflac in a research note on Monday. Piper Sandler set a $125.00 price target on shares of Aflac and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Barclays restated an “underweight” rating and issued a $104.00 price objective (up previously from $102.00) on shares of Aflac in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $110.55.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Aflac during the 1st quarter worth about $2,070,000. Belpointe Asset Management LLC acquired a new position in Aflac during the first quarter worth approximately $551,000. Public Employees Retirement System of Ohio increased its position in Aflac by 14.5% during the second quarter. Public Employees Retirement System of Ohio now owns 222,694 shares of the financial services provider’s stock worth $23,485,000 after buying an additional 28,190 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Aflac by 4.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 140,874 shares of the financial services provider’s stock valued at $14,857,000 after buying an additional 6,400 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Aflac by 16.7% during the 2nd quarter. Invesco Ltd. now owns 4,167,886 shares of the financial services provider’s stock worth $439,545,000 after acquiring an additional 594,971 shares during the period. Institutional investors and hedge funds own 67.44% 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.