Nisa Investment Advisors LLC Decreases Stock Holdings in Aflac Incorporated $AFL

Nisa Investment Advisors LLC reduced its holdings in shares of Aflac Incorporated (NYSE:AFL) by 12.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,926 shares of the financial services provider’s stock after selling 28,469 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Aflac were worth $22,555,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC raised its stake in shares of Aflac by 188.5% during the 3rd quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new stake in Aflac during the second quarter worth about $26,000. Chilton Capital Management LLC bought a new stake in Aflac in the second quarter worth about $26,000. Whipplewood Advisors LLC boosted its stake in Aflac by 1,526.7% in the second quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 229 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in Aflac in the second quarter valued at about $32,000. Institutional investors own 67.44% of the company’s stock.

Aflac Stock Performance

NYSE:AFL opened at $109.27 on Friday. The business’s fifty day moving average is $110.63 and its 200 day moving average is $107.63. The firm has a market cap of $57.27 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 3.23 and a beta of 0.67. 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 52-week low of $96.95 and a 52-week high of $115.83.

Aflac (NYSE:AFL) last posted its earnings results 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 business had revenue of $5.91 billion during the quarter. Research analysts predict that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be issued a dividend of $0.61 per share. This is a boost from Aflac’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $2.44 dividend on an annualized basis and a yield of 2.2%. Aflac’s payout ratio is currently 30.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AFL shares. TD Cowen raised their price target on shares of Aflac from $100.00 to $102.00 and gave the stock a “hold” rating in a research note on Monday, December 22nd. Keefe, Bruyette & Woods raised their target price on Aflac from $108.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Evercore ISI boosted their target price on Aflac from $110.00 to $111.00 and gave the company an “underperform” rating in a research note on Friday, November 7th. Cowen reiterated a “hold” rating on shares of Aflac in a research note on Monday, December 22nd. Finally, Barclays set a $101.00 price objective on Aflac and gave the stock an “underweight” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Aflac presently has a consensus rating of “Hold” and an average price target of $110.67.

Insider Activity

In other Aflac news, EVP Steven Kent Beaver sold 5,492 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $109.53, for a total value of $601,538.76. Following the completion of the transaction, the executive vice president directly owned 38,368 shares of the company’s stock, valued at $4,202,447.04. This trade represents a 12.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Frederic Jean Guy Simard sold 1,722 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $112.50, for a total transaction of $193,725.00. Following the completion of the transaction, the executive vice president directly owned 1,364 shares in the company, valued at approximately $153,450. The trade was a 55.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 31,766 shares of company stock valued at $3,549,706. 0.90% of the stock is owned by company insiders.

Aflac Profile

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.