Aflac Incorporated (NYSE:AFL) Position Lowered by Dominguez Wealth Management Solutions Inc.

Dominguez Wealth Management Solutions Inc. decreased its stake in shares of Aflac Incorporated (NYSE:AFL) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,366 shares of the financial services provider’s stock after selling 283 shares during the quarter. Aflac accounts for about 2.1% of Dominguez Wealth Management Solutions Inc.’s holdings, making the stock its 11th biggest holding. Dominguez Wealth Management Solutions Inc.’s holdings in Aflac were worth $2,836,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Nordea Investment Management AB lifted its holdings in Aflac by 6.7% in the first quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider’s stock worth $155,140,000 after acquiring an additional 113,226 shares during the last quarter. Czech National Bank lifted its holdings in Aflac by 6.4% in the second quarter. Czech National Bank now owns 98,535 shares of the financial services provider’s stock worth $8,800,000 after acquiring an additional 5,912 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Aflac by 3.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 718,067 shares of the financial services provider’s stock valued at $61,653,000 after purchasing an additional 22,637 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Aflac by 13.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 708,248 shares of the financial services provider’s stock valued at $60,810,000 after purchasing an additional 86,578 shares during the period. Finally, M&G Plc acquired a new stake in shares of Aflac in the second quarter valued at approximately $2,535,000. Institutional investors own 67.44% of the company’s stock.

Insiders Place Their Bets

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the transaction, the director now owns 18,158 shares in the company, valued at $1,796,552.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.90% of the stock is currently owned by company insiders.

Aflac Trading Down 0.6 %

Aflac stock opened at $113.53 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $64.51 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95. Aflac Incorporated has a 1 year low of $74.89 and a 1 year high of $114.37. The firm’s 50 day moving average price is $106.01 and its two-hundred day moving average price is $93.66.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.23. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 earnings per share. On average, research analysts predict that Aflac Incorporated will post 6.75 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 1.76%. Aflac’s dividend payout ratio (DPR) is 22.08%.

Analyst Ratings Changes

Several brokerages have commented on AFL. Morgan Stanley raised their price target on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Citigroup raised their price target on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Piper Sandler raised their price target on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their price target on shares of Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Three 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $95.43.

Aflac 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.