Tred Avon Family Wealth LLC Makes New $994,000 Investment in Aflac Incorporated $AFL

Tred Avon Family Wealth LLC purchased a new stake in Aflac Incorporated (NYSE:AFL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,899 shares of the financial services provider’s stock, valued at approximately $994,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AFL. True Wealth Design LLC grew its holdings in Aflac by 188.5% during the third quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares during the period. Whipplewood Advisors LLC lifted its position in shares of Aflac by 1,526.7% in the second quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock valued at $26,000 after buying an additional 229 shares during the last quarter. Chilton Capital Management LLC bought a new position in shares of Aflac during the 2nd quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Aflac during the 2nd quarter worth approximately $26,000. Finally, Hilltop National Bank bought a new stake in Aflac in the 2nd quarter valued at $32,000. 67.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Aflac news, EVP Steven Kent Beaver sold 5,492 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $109.53, for a total value of $601,538.76. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph L. Moskowitz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $114.00, for a total transaction of $114,000.00. Following the completion of the transaction, the director owned 23,615 shares of the company’s stock, valued at $2,692,110. The trade was a 4.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,766 shares of company stock worth $3,549,706 over the last three months. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

AFL has been the subject of a number of research analyst reports. Cowen reaffirmed a “hold” rating on shares of Aflac in a research report on Monday, December 22nd. Evercore ISI raised their target price 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. Mizuho began coverage on shares of Aflac in a report on Tuesday, December 16th. They set an “underperform” rating and a $104.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Finally, Wells Fargo & Company boosted their price objective on Aflac from $107.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $110.67.

Aflac Stock Performance

NYSE AFL opened at $109.57 on Friday. The firm has a 50-day moving average price of $110.46 and a two-hundred day moving average price of $107.81. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $115.83. The company has a market capitalization of $57.42 billion, a P/E ratio of 14.30, a P/E/G ratio of 3.21 and a beta of 0.67. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30.

Aflac (NYSE:AFL) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.72. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.36 billion. Aflac had a net margin of 23.55% and a return on equity of 14.97%. The firm’s quarterly revenue was up 59.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.16 earnings per share. Analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.61 per share. This is an increase from Aflac’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $2.44 annualized dividend and a dividend yield of 2.2%. Aflac’s payout ratio is currently 31.85%.

About Aflac

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.