Aflac Incorporated (NYSE:AFL) Holdings Cut by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lowered its holdings in Aflac Incorporated (NYSE:AFL) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,222 shares of the financial services provider’s stock after selling 400 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Aflac were worth $358,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AFL. Brighton Jones LLC lifted its holdings in Aflac by 64.4% in the fourth quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock worth $1,507,000 after acquiring an additional 5,708 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of Aflac by 7.7% during the fourth quarter. Stratos Wealth Advisors LLC now owns 2,923 shares of the financial services provider’s stock valued at $302,000 after buying an additional 210 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in shares of Aflac by 1.6% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,960 shares of the financial services provider’s stock valued at $720,000 after buying an additional 107 shares during the last quarter. YANKCOM Partnership bought a new stake in shares of Aflac during the fourth quarter valued at approximately $189,000. Finally, Bleakley Financial Group LLC raised its holdings in shares of Aflac by 4.0% during the fourth quarter. Bleakley Financial Group LLC now owns 11,585 shares of the financial services provider’s stock valued at $1,198,000 after buying an additional 446 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price target on Aflac from $95.00 to $96.00 and gave the company an “underweight” rating in a report on Thursday, May 1st. Wells Fargo & Company raised their price objective on shares of Aflac from $102.00 to $103.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Wall Street Zen lowered shares of Aflac from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Piper Sandler raised their price objective on shares of Aflac from $118.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Aflac from $94.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $104.93.

Insider Buying and Selling at Aflac

In related news, Director Masatoshi Koide sold 37,000 shares of Aflac stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $105.59, for a total value of $3,906,830.00. Following the completion of the sale, the director now owns 70,992 shares of the company’s stock, valued at approximately $7,496,045.28. The trade was a 34.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles D. Lake II sold 29,802 shares of Aflac stock in a transaction on Monday, March 10th. The shares were sold at an average price of $107.29, for a total transaction of $3,197,456.58. Following the completion of the sale, the director now directly owns 49,962 shares of the company’s stock, valued at approximately $5,360,422.98. The trade was a 37.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,552 shares of company stock valued at $7,501,752 in the last quarter. Company insiders own 0.90% of the company’s stock.

Aflac Trading Up 1.5%

Aflac stock opened at $103.71 on Friday. The company has a 50 day moving average price of $105.39 and a 200 day moving average price of $105.95. Aflac Incorporated has a 52 week low of $86.46 and a 52 week high of $115.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10. The firm has a market capitalization of $56.07 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 3.24 and a beta of 0.84.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.01). The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $4.53 billion. Aflac had a net margin of 28.76% and a return on equity of 16.20%. The company’s quarterly revenue was down 37.5% on a year-over-year basis. During the same period last year, the business earned $1.66 EPS. Research analysts forecast that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Wednesday, May 21st. Aflac’s dividend payout ratio (DPR) is currently 36.25%.

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.