Regency Capital Management Inc. DE Sells 187 Shares of Aflac Incorporated (NYSE:AFL)

Regency Capital Management Inc. DE decreased its position in shares of Aflac Incorporated (NYSE:AFL) by 0.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 33,077 shares of the financial services provider’s stock after selling 187 shares during the period. Aflac makes up about 2.0% of Regency Capital Management Inc. DE’s holdings, making the stock its 21st biggest holding. Regency Capital Management Inc. DE’s holdings in Aflac were worth $3,698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ascent Group LLC increased its holdings in shares of Aflac by 0.6% during the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after acquiring an additional 99 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of Aflac by 0.5% during the second quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after acquiring an additional 101 shares in the last quarter. Forum Financial Management LP increased its holdings in shares of Aflac by 1.3% during the second quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock valued at $745,000 after acquiring an additional 107 shares in the last quarter. Copperwynd Financial LLC increased its holdings in shares of Aflac by 3.7% during the second quarter. Copperwynd Financial LLC now owns 3,029 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 109 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Aflac by 0.5% during the second quarter. Evergreen Capital Management LLC now owns 21,743 shares of the financial services provider’s stock valued at $1,942,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

AFL has been the subject of several recent research reports. Jefferies Financial Group decreased their price objective on Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a report on Friday, June 28th. Barclays assumed coverage on Aflac in a report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target for the company. Piper Sandler upped their price target on Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday. Evercore ISI upped their price target on Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, September 26th. Finally, Citigroup upped their price target on Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $95.43.

Aflac Stock Performance

Shares of NYSE AFL traded up $1.73 during trading on Friday, reaching $115.26. 1,713,456 shares of the stock traded hands, compared to its average volume of 2,255,604. Aflac Incorporated has a 52-week low of $75.07 and a 52-week high of $115.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The company has a 50-day moving average of $106.01 and a 200-day moving average of $93.66. The stock has a market capitalization of $65.49 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95.

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

Aflac Dividend Announcement

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

Insider Buying and Selling

In related news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the sale, the director now owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by 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.