Canandaigua National Bank & Trust Co. Has $2.91 Million Position in Aflac Incorporated (NYSE:AFL)

Canandaigua National Bank & Trust Co. decreased its holdings in shares of Aflac Incorporated (NYSE:AFL) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,167 shares of the financial services provider’s stock after selling 244 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Aflac were worth $2,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new stake in shares of Aflac in the second quarter worth $25,000. Darwin Wealth Management LLC bought a new position in shares of Aflac during the 3rd quarter worth about $34,000. Raelipskie Partnership acquired a new position in shares of Aflac during the third quarter valued at about $38,000. Covestor Ltd raised its position in shares of Aflac by 41.8% during the third quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock valued at $41,000 after buying an additional 107 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in Aflac during the third quarter worth about $45,000. 67.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the transaction, the executive vice president now owns 222,618 shares in the company, valued at approximately $23,018,701.20. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on AFL shares. Truist Financial raised their price objective on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. StockNews.com cut Aflac from a “hold” rating to a “sell” rating in a research report on Tuesday, December 31st. Wells Fargo & Company increased their price objective on shares of Aflac to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Evercore ISI decreased their target price on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 4th. Finally, Bank of America increased their price target 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. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Aflac currently has an average rating of “Hold” and an average target price of $98.87.

Aflac Trading Down 1.6 %

AFL stock traded down $1.60 during trading on Monday, hitting $101.56. The company had a trading volume of 1,864,677 shares, compared to its average volume of 1,395,192. The firm has a 50-day moving average price of $107.17 and a 200-day moving average price of $104.48. The stock has a market cap of $56.42 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 2.09 and a beta of 1.00. Aflac Incorporated has a 12 month low of $75.07 and a 12 month 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.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company’s revenue was down 40.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. As a group, analysts predict that Aflac Incorporated will post 7.27 earnings per share for the current year.

Aflac Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be given a $0.58 dividend. This is a positive change from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Wednesday, February 19th. Aflac’s dividend payout ratio (DPR) is currently 34.94%.

About Aflac

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.