Dominguez Wealth Management Solutions Inc. Increases Holdings in Aflac Incorporated (NYSE:AFL)

Dominguez Wealth Management Solutions Inc. raised its stake in Aflac Incorporated (NYSE:AFL) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,376 shares of the financial services provider’s stock after acquiring an additional 841 shares during the period. Aflac makes up 1.7% of Dominguez Wealth Management Solutions Inc.’s portfolio, making the stock its 16th biggest position. Dominguez Wealth Management Solutions Inc.’s holdings in Aflac were worth $2,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dark Forest Capital Management LP purchased a new position in Aflac in the third quarter worth about $288,000. Trexquant Investment LP lifted its position in Aflac by 113.0% in the 3rd quarter. Trexquant Investment LP now owns 44,166 shares of the financial services provider’s stock valued at $3,390,000 after acquiring an additional 23,433 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Aflac by 74.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 18,635 shares of the financial services provider’s stock valued at $1,430,000 after purchasing an additional 7,926 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Aflac by 111.3% in the third quarter. Ancora Advisors LLC now owns 1,268 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 668 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Aflac by 78.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 25,945 shares of the financial services provider’s stock worth $1,991,000 after purchasing an additional 11,428 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Charles D. Lake II sold 22,378 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $87.47, for a total value of $1,957,403.66. Following the completion of the transaction, the director now owns 61,522 shares of the company’s stock, valued at $5,381,329.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Charles D. Lake II sold 22,378 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $87.47, for a total transaction of $1,957,403.66. Following the completion of the transaction, the director now owns 61,522 shares in the company, valued at $5,381,329.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph L. Moskowitz sold 600 shares of Aflac stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $84.84, for a total transaction of $50,904.00. Following the completion of the sale, the director now owns 27,550 shares in the company, valued at $2,337,342. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

Aflac Stock Performance

Shares of NYSE AFL traded down $0.27 during trading on Monday, hitting $89.04. The company had a trading volume of 1,850,620 shares, compared to its average volume of 2,246,846. The stock has a 50 day simple moving average of $87.03 and a 200 day simple moving average of $83.82. The firm has a market capitalization of $50.59 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.08 and a current ratio of 0.08. Aflac Incorporated has a 12 month low of $69.00 and a 12 month high of $91.15.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.09 billion. Aflac had a net margin of 27.67% and a return on equity of 16.88%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 earnings per share. As a group, analysts anticipate that Aflac Incorporated will post 6.46 earnings per share for the current year.

Aflac Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd were issued a $0.50 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $2.00 annualized dividend and a yield of 2.25%. This is an increase from Aflac’s previous quarterly dividend of $0.42. Aflac’s dividend payout ratio is currently 22.08%.

Analysts Set New Price Targets

AFL has been the subject of several research analyst reports. Jefferies Financial Group reduced their price objective on Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a report on Friday. Truist Financial boosted their price objective on shares of Aflac from $80.00 to $82.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Piper Sandler raised their target price on shares of Aflac from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Morgan Stanley raised their price target on Aflac from $80.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $83.46.

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.