Full Sail Capital LLC Sells 585 Shares of Aflac Incorporated (NYSE:AFL)

Full Sail Capital LLC cut its holdings in Aflac Incorporated (NYSE:AFL) by 11.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,715 shares of the financial services provider’s stock after selling 585 shares during the quarter. Full Sail Capital LLC’s holdings in Aflac were worth $421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AFL. Y.D. More Investments Ltd bought a new position in Aflac in the 2nd quarter valued at approximately $25,000. Atwood & Palmer Inc. lifted its position in Aflac by 80.0% in 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 in the last quarter. OFI Invest Asset Management bought a new position in Aflac in the 1st quarter valued at approximately $29,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Aflac during the 1st quarter valued at $34,000. Finally, Cedar Wealth Management LLC bought a new position in shares of Aflac during the 1st quarter valued at $50,000. 67.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AFL shares. Barclays started coverage on Aflac in a report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target on the stock. Citigroup increased their price target on Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. UBS Group increased their price target on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Truist Financial increased their price target on Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, Bank of America increased their price target on Aflac from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $93.36.

Aflac Trading Up 0.5 %

Shares of AFL stock opened at $110.59 on Friday. Aflac Incorporated has a 52-week low of $74.89 and a 52-week high of $111.14. 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 capitalization of $62.84 billion, a PE ratio of 12.21, a PEG ratio of 2.60 and a beta of 0.95. The stock has a fifty day simple moving average of $104.50 and a two-hundred day simple moving average of $92.91.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) 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 business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the business posted $1.58 EPS. Aflac’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts predict that Aflac Incorporated will post 6.75 EPS for the current fiscal year.

Aflac Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. Aflac’s payout ratio is presently 22.08%.

Insiders Place Their Bets

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by company insiders.

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.