Court Place Advisors LLC Has $3.73 Million Position in Aflac Incorporated (NYSE:AFL)

Court Place Advisors LLC cut its holdings in Aflac Incorporated (NYSE:AFL) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 36,047 shares of the financial services provider’s stock after selling 504 shares during the period. Aflac comprises 1.2% of Court Place Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Court Place Advisors LLC’s holdings in Aflac were worth $3,729,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AFL. Spinnaker Trust raised its position in shares of Aflac by 2.7% during the third quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock valued at $405,000 after buying an additional 95 shares during the last quarter. Secure Asset Management LLC raised its holdings in Aflac by 1.0% in the 3rd quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock valued at $1,094,000 after acquiring an additional 96 shares in the last quarter. Ascent Group LLC lifted its position in shares of Aflac by 0.6% in the 2nd quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock worth $1,539,000 after acquiring an additional 99 shares during the period. Phillips Wealth Planners LLC lifted its position in shares of Aflac by 1.5% in the 4th 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 period. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Aflac by 23.2% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on AFL shares. BMO Capital Markets initiated coverage on Aflac in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 target price for the company. Evercore ISI reduced their price objective on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating for the company in a report on Wednesday, December 4th. Barclays upped their target price on shares of Aflac from $96.00 to $98.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Truist Financial raised their price target on shares of Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Bank of America upped their price objective on Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.67.

Insider Activity

In related news, EVP Audrey B. Tillman sold 24,744 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 222,618 shares of the company’s stock, valued at $23,018,701.20. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by insiders.

Aflac Stock Performance

Aflac stock opened at $108.14 on Tuesday. Aflac Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50. The stock has a 50-day simple moving average of $105.88 and a 200 day simple moving average of $106.04. 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 capitalization of $60.08 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 2.10 and a beta of 1.00.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. Aflac had a net margin of 22.02% and a return on equity of 16.34%. Aflac’s quarterly revenue was down 40.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.84 earnings per share. On average, research analysts anticipate that Aflac Incorporated will post 7.26 earnings per share for the current fiscal year.

Aflac Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, February 19th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from Aflac’s previous quarterly dividend of $0.50. Aflac’s payout ratio 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.