Decker Retirement Planning Inc. Invests $137,000 in Aflac Incorporated (NYSE:AFL)

Decker Retirement Planning Inc. bought a new position in shares of Aflac Incorporated (NYSE:AFL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,322 shares of the financial services provider’s stock, valued at approximately $137,000.

Several other institutional investors also recently bought and sold shares of AFL. Spinnaker Trust grew its stake in shares of Aflac by 2.7% during the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 95 shares during the period. Secure Asset Management LLC grew its position in Aflac by 1.0% during the third quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 96 shares during the period. Ascent Group LLC grew its position in Aflac by 0.6% during the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after buying an additional 99 shares during the period. Ieq Capital LLC increased its holdings in Aflac by 0.5% in the second quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after buying an additional 101 shares in the last quarter. Finally, New Century Financial Group LLC raised its position in shares of Aflac by 2.5% in the third quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 101 shares during the period. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Aflac Stock Performance

NYSE:AFL opened at $105.90 on Friday. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The company has a market cap of $58.83 billion, a P/E ratio of 15.95, a P/E/G ratio of 2.09 and a beta of 1.00. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $106.48 and its 200-day moving average price is $105.12.

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

Aflac Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be issued a $0.58 dividend. This is a boost from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a yield of 2.19%. The ex-dividend date is Wednesday, February 19th. Aflac’s dividend payout ratio is presently 30.12%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on Aflac from $108.00 to $107.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Piper Sandler boosted their price objective on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. StockNews.com raised Aflac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Truist Financial lifted their price target on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, 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 research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $102.07.

Insiders Place Their Bets

In related news, EVP Audrey B. Tillman sold 24,744 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the sale, the executive vice president now owns 222,618 shares of the company’s stock, valued at approximately $23,018,701.20. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.80% of the company’s stock.

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.