First International Bank & Trust Sells 115 Shares of Aflac Incorporated (NYSE:AFL)

First International Bank & Trust decreased its stake in shares of Aflac Incorporated (NYSE:AFL) by 3.1% during the 3rd quarter, Holdings Channel reports. The firm owned 3,626 shares of the financial services provider’s stock after selling 115 shares during the period. First International Bank & Trust’s holdings in Aflac were worth $405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Aflac by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock worth $429,319,000 after buying an additional 285,576 shares during the last quarter. APG Asset Management N.V. increased its holdings in shares of Aflac by 1.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,429,316 shares of the financial services provider’s stock worth $202,437,000 after acquiring an additional 31,752 shares during the last quarter. ProShare Advisors LLC raised its stake in Aflac by 5.6% in the 2nd quarter. ProShare Advisors LLC now owns 2,220,125 shares of the financial services provider’s stock valued at $198,279,000 after acquiring an additional 117,504 shares during the period. Truist Financial Corp lifted its holdings in Aflac by 26.6% during the 2nd quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock valued at $172,338,000 after purchasing an additional 405,847 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Aflac by 6.7% during the first quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider’s stock worth $155,140,000 after purchasing an additional 113,226 shares during the period. Institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were 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 $1,796,552.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AFL. Truist Financial increased their price objective on shares of Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Jefferies Financial Group decreased their target price on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Bank of America lifted their price target on Aflac from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Citigroup upped their price objective on Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Barclays assumed coverage on Aflac in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $95.43.

Aflac Stock Up 1.5 %

AFL traded up $1.73 during trading on Friday, hitting $115.26. 1,717,703 shares of the company’s stock were exchanged, compared to its average volume of 2,255,626. The stock has a market cap of $65.49 billion, a P/E ratio of 12.72, a PEG ratio of 2.60 and a beta of 0.95. The business’s 50 day moving average is $106.42 and its two-hundred day moving average is $93.94. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week high of $115.50. 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 posted its 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. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.58 EPS. As a group, equities analysts expect that Aflac Incorporated will post 6.75 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s payout ratio is currently 22.08%.

Aflac Company 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.