Kingsview Wealth Management LLC Has $1.06 Million Holdings in Aflac Incorporated (NYSE:AFL)

Kingsview Wealth Management LLC reduced its stake in Aflac Incorporated (NYSE:AFLFree Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,887 shares of the financial services provider’s stock after selling 158 shares during the period. Kingsview Wealth Management LLC’s holdings in Aflac were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AFL. Fortitude Family Office LLC acquired a new position in shares of Aflac in the 4th quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Aflac during the 4th quarter worth $32,000. Criterion Capital Advisors LLC acquired a new stake in Aflac in the fourth quarter valued at about $33,000. Arlington Trust Co LLC bought a new position in Aflac in the fourth quarter valued at about $35,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Aflac during the third quarter worth about $33,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Stock Performance

Shares of AFL opened at $88.37 on Monday. The firm’s fifty day simple moving average is $84.18 and its two-hundred day simple moving average is $82.48. Aflac Incorporated has a 12 month low of $64.10 and a 12 month high of $88.41. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $50.21 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91.

Aflac (NYSE:AFLGet Free Report) last issued its earnings results on Monday, May 6th. The financial services provider reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.09 billion. Aflac had a return on equity of 16.88% and a net margin of 27.67%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, analysts predict that Aflac Incorporated will post 6.46 EPS for the current year.

Aflac Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, May 21st. This is a positive change from Aflac’s previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a yield of 2.26%. Aflac’s dividend payout ratio is currently 22.08%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AFL. Piper Sandler lifted their price target on shares of Aflac from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Morgan Stanley increased their price target on Aflac from $80.00 to $84.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. StockNews.com raised Aflac from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Wells Fargo & Company lifted their price target on Aflac from $81.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods upped their price objective on Aflac from $83.00 to $87.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $82.38.

Read Our Latest Stock Report on Aflac

Insider Buying and Selling at Aflac

In other Aflac news, Director Thomas J. Kenny sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $84.62, for a total value of $423,100.00. Following the transaction, the director now owns 17,920 shares in the company, valued at $1,516,390.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Aflac news, Director Thomas J. Kenny sold 5,000 shares of Aflac stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $84.62, for a total transaction of $423,100.00. Following the transaction, the director now directly owns 17,920 shares of the company’s stock, valued at approximately $1,516,390.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arthur Reginald Collins sold 3,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $79.73, for a total transaction of $239,190.00. Following the completion of the sale, the director now owns 5,592 shares of the company’s stock, valued at approximately $445,850.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,600 shares of company stock valued at $1,379,914. Corporate insiders own 0.90% of the company’s stock.

About Aflac

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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