Aflac Incorporated $AFL Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC cut its stake in Aflac Incorporated (NYSE:AFL) by 85.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,625 shares of the financial services provider’s stock after selling 22,091 shares during the quarter. BKM Wealth Management LLC’s holdings in Aflac were worth $405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AFL. True Wealth Design LLC grew its stake in shares of Aflac by 188.5% in the third quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock valued at $25,000 after buying an additional 147 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in Aflac by 1,526.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 229 shares during the period. Chilton Capital Management LLC acquired a new stake in Aflac in the second quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Aflac in the second quarter valued at approximately $26,000. Finally, Hilltop National Bank purchased a new stake in shares of Aflac during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Stock Performance

Shares of Aflac stock opened at $110.23 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $115.83. The firm’s 50-day simple moving average is $110.59 and its 200-day simple moving average is $107.60. The firm has a market cap of $57.77 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 3.23 and a beta of 0.67.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.07 earnings per share for the quarter. Aflac had a return on equity of 14.97% and a net margin of 23.55%.The firm had revenue of $5.91 billion during the quarter. Equities analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th will be issued a $0.61 dividend. This is a positive change from Aflac’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, February 18th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.2%. Aflac’s dividend payout ratio (DPR) is presently 31.85%.

Insider Transactions at Aflac

In other Aflac news, EVP Frederic Jean Guy Simard sold 1,722 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $112.50, for a total transaction of $193,725.00. Following the completion of the sale, the executive vice president owned 1,364 shares in the company, valued at $153,450. The trade was a 55.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Audrey B. Tillman sold 15,862 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $112.00, for a total transaction of $1,776,544.00. Following the sale, the executive vice president directly owned 230,688 shares in the company, valued at $25,837,056. This trade represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 31,766 shares of company stock valued at $3,549,706. 0.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AFL. Mizuho started coverage on shares of Aflac in a report on Tuesday, December 16th. They set an “underperform” rating and a $104.00 price target for the company. Evercore ISI upped their price objective on shares of Aflac from $110.00 to $111.00 and gave the company an “underperform” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. lifted their target price on Aflac from $101.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday. Barclays set a $101.00 price target on Aflac and gave the stock an “underweight” rating in a research note on Thursday. Finally, Cowen reissued a “hold” rating on shares of Aflac in a report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Aflac has an average rating of “Hold” and a consensus price target of $110.67.

About Aflac

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.