Wealth Enhancement Advisory Services LLC Sells 1,831 Shares of Aflac Incorporated (NYSE:AFL)

Wealth Enhancement Advisory Services LLC decreased its position in shares of Aflac Incorporated (NYSE:AFL) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,834 shares of the financial services provider’s stock after selling 1,831 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Aflac were worth $12,310,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AFL. Jaffetilchin Investment Partners LLC grew its holdings in Aflac by 1.7% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 7,254 shares of the financial services provider’s stock valued at $623,000 after buying an additional 121 shares in the last quarter. Burns Matteson Capital Management LLC boosted its position in shares of Aflac by 4.1% during the 2nd quarter. Burns Matteson Capital Management LLC now owns 3,077 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 121 shares during the last quarter. Flputnam Investment Management Co. boosted its position in shares of Aflac by 0.5% during the 4th quarter. Flputnam Investment Management Co. now owns 25,031 shares of the financial services provider’s stock valued at $2,065,000 after acquiring an additional 122 shares during the last quarter. ICA Group Wealth Management LLC grew its holdings in shares of Aflac by 4.3% in the fourth quarter. ICA Group Wealth Management LLC now owns 2,974 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 122 shares in the last quarter. Finally, TKG Advisors LLC increased its position in Aflac by 0.5% in the first quarter. TKG Advisors LLC now owns 24,536 shares of the financial services provider’s stock worth $2,107,000 after purchasing an additional 122 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Insider Activity at Aflac

In other Aflac news, Director Charles D. Lake II sold 22,378 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $87.47, for a total transaction of $1,957,403.66. Following the sale, the director now directly owns 61,522 shares in the company, valued at approximately $5,381,329.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Charles D. Lake II sold 22,378 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $87.47, for a total transaction of $1,957,403.66. Following the completion of the transaction, the director now directly owns 61,522 shares of the company’s stock, valued at $5,381,329.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas J. Kenny sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the transaction, the director now owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on AFL shares. Jefferies Financial Group dropped their price target on Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, June 28th. Bank of America increased their target price on shares of Aflac from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Piper Sandler upped their price objective on Aflac from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. UBS Group increased their target price on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Citigroup raised their price target on shares of Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.62.

Aflac Trading Up 1.0 %

Aflac stock traded up $1.05 during midday trading on Wednesday, hitting $102.78. 495,092 shares of the stock were exchanged, compared to its average volume of 2,220,659. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $92.44 and its 200 day simple moving average is $86.50. Aflac Incorporated has a fifty-two week low of $72.78 and a fifty-two week high of $104.90. The stock has a market capitalization of $58.40 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 2.76 and a beta of 0.95.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.60 by $0.23. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 EPS. On average, equities analysts anticipate that Aflac Incorporated will post 6.48 EPS for the current year.

Aflac Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 2nd. Investors of record on Wednesday, August 21st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Wednesday, August 21st. Aflac’s dividend payout ratio (DPR) is 22.08%.

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.