Capstone Triton Financial Group LLC Sells 551 Shares of Aflac Incorporated (NYSE:AFL)

Capstone Triton Financial Group LLC cut its position in Aflac Incorporated (NYSE:AFL) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,461 shares of the financial services provider’s stock after selling 551 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in Aflac were worth $1,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ieq Capital LLC grew its holdings in shares of Aflac by 0.5% during the 2nd quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after purchasing an additional 101 shares during the last quarter. Forum Financial Management LP raised its position in Aflac by 1.3% in the second quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock valued at $745,000 after purchasing an additional 107 shares during the last quarter. TriaGen Wealth Management LLC boosted its stake in shares of Aflac by 3.6% during the second quarter. TriaGen Wealth Management LLC now owns 3,377 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 117 shares in the last quarter. Graypoint LLC boosted its stake in shares of Aflac by 2.0% during the second quarter. Graypoint LLC now owns 5,988 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 118 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its holdings in Aflac by 1.7% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 7,254 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 121 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Aflac from $81.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Piper Sandler upped their target price on Aflac from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, June 28th. JPMorgan Chase & Co. increased their target price on shares of Aflac from $80.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Morgan Stanley lifted their target price on shares of Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Finally, Truist Financial increased their price target on Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Three 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.50.

Aflac Price Performance

Shares of NYSE:AFL opened at $107.89 on Friday. The stock’s 50 day moving average is $102.88 and its 200-day moving average is $91.88. Aflac Incorporated has a twelve month low of $74.89 and a twelve month high of $111.14. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $61.31 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 2.53 and a beta of 0.95.

Aflac (NYSE:AFL) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share 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 analyst estimates of $4.10 billion. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm earned $1.58 earnings per share. Sell-side analysts forecast that Aflac Incorporated will post 6.75 EPS for the current fiscal year.

Aflac Announces Dividend

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

Insider Activity at Aflac

In related 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 directly owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by insiders.

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.