Aflac Incorporated (NYSE:AFL) Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC grew its stake in shares of Aflac Incorporated (NYSE:AFL) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 232,973 shares of the financial services provider’s stock after acquiring an additional 21,141 shares during the quarter. AE Wealth Management LLC’s holdings in Aflac were worth $20,807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AFL. Y.D. More Investments Ltd acquired a new position in shares of Aflac during the 2nd quarter valued at about $25,000. Atwood & Palmer Inc. increased its stake in shares of Aflac by 80.0% during the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 140 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Aflac during the 1st quarter valued at about $29,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Aflac during the 1st quarter valued at about $34,000. Finally, Sachetta LLC acquired a new position in shares of Aflac during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Buying and Selling at Aflac

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following the transaction, the director now directly owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AFL has been the subject of a number of research reports. Morgan Stanley boosted their target price on Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Citigroup boosted their target price on Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Wells Fargo & Company boosted their target price on Aflac from $81.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Truist Financial boosted their target price on Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group decreased their target price on Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a report on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $92.50.

Aflac Stock Down 1.0 %

NYSE AFL opened at $107.87 on Friday. The stock has a market cap of $61.29 billion, a PE ratio of 11.91, a P/E/G ratio of 2.53 and a beta of 0.95. Aflac Incorporated has a fifty-two week low of $74.89 and a fifty-two week high of $111.14. The business has a 50 day moving average price of $102.57 and a two-hundred day moving average price of $91.68. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29.

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

Aflac Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Wednesday, August 21st. Aflac’s payout ratio is 22.08%.

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.