Madrona Financial Services LLC Has $221,000 Position in Aflac Incorporated (NYSE:AFL)

Madrona Financial Services LLC reduced its position in shares of Aflac Incorporated (NYSE:AFL) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,135 shares of the financial services provider’s stock after selling 171 shares during the period. Madrona Financial Services LLC’s holdings in Aflac were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its position in Aflac by 27.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,010 shares of the financial services provider’s stock worth $208,000 after buying an additional 427 shares during the period. Raleigh Capital Management Inc. lifted its holdings in shares of Aflac by 23.2% during the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 100 shares during the period. Mutual Advisors LLC grew its stake in shares of Aflac by 4.5% in the fourth quarter. Mutual Advisors LLC now owns 16,340 shares of the financial services provider’s stock worth $1,731,000 after purchasing an additional 701 shares during the last quarter. Phillips Wealth Planners LLC raised its position in shares of Aflac by 1.5% during the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock worth $662,000 after acquiring an additional 100 shares during the last quarter. Finally, Dakota Wealth Management lifted its position in shares of Aflac by 1.4% in the 4th quarter. Dakota Wealth Management now owns 29,095 shares of the financial services provider’s stock worth $3,010,000 after purchasing an additional 415 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AFL. Wells Fargo & Company lifted their price target on shares of Aflac from $103.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Bank of America boosted their target price on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. BMO Capital Markets began coverage on shares of Aflac in a research report on Thursday. They set a “market perform” rating and a $111.00 target price on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Aflac from $108.00 to $107.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Finally, Truist Financial lifted their target price on shares of Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.67.

Insiders Place Their Bets

In other news, EVP Audrey B. Tillman sold 24,744 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the sale, the executive vice president now directly owns 222,618 shares in the company, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

Aflac Trading Down 1.6 %

NYSE:AFL opened at $104.73 on Thursday. The company’s 50 day moving average price is $106.12 and its 200-day moving average price is $105.71. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32. The stock has a market cap of $58.18 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 2.13 and a beta of 1.00.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) 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 analysts’ expectations of $4.30 billion. During the same quarter last year, the company posted $1.84 earnings per share. The firm’s quarterly revenue was down 40.4% on a year-over-year basis. On average, equities research analysts forecast that Aflac Incorporated will post 7.26 earnings per share for the current fiscal 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 given a $0.58 dividend. The ex-dividend date is Wednesday, February 19th. This is an increase from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a yield of 2.22%. Aflac’s dividend payout ratio (DPR) is presently 30.12%.

Aflac Company 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.