Aflac Incorporated (NYSE:AFL) Stock Position Lowered by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its position in Aflac Incorporated (NYSE:AFL) by 4.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,039 shares of the financial services provider’s stock after selling 250 shares during the period. Edgestream Partners L.P.’s holdings in Aflac were worth $450,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AFL. Luts & Greenleigh Group Inc. bought a new position in shares of Aflac during the 2nd quarter valued at about $211,000. Renaissance Technologies LLC acquired a new stake in Aflac during the second quarter valued at approximately $10,878,000. Citizens Financial Group Inc. RI boosted its holdings in Aflac by 55.8% during the second quarter. Citizens Financial Group Inc. RI now owns 5,510 shares of the financial services provider’s stock worth $492,000 after buying an additional 1,974 shares in the last quarter. Sierra Summit Advisors LLC acquired a new position in Aflac in the second quarter worth approximately $447,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Aflac by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock valued at $429,319,000 after buying an additional 285,576 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Aflac Trading Up 0.0 %

Aflac stock opened at $107.92 on Monday. Aflac Incorporated has a 12 month low of $74.89 and a 12 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 stock has a market cap of $61.32 billion, a P/E ratio of 11.91, a P/E/G ratio of 2.53 and a beta of 0.95. The company’s fifty day simple moving average is $102.88 and its 200-day simple moving average is $92.03.

Aflac (NYSE:AFL) last issued its 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. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Aflac Incorporated will post 6.75 EPS for the current fiscal year.

Aflac Announces Dividend

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

Analyst Ratings Changes

AFL has been the subject of several research reports. Truist Financial raised their price objective on Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Wells Fargo & Company lifted their price target on Aflac from $81.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Citigroup upped their price objective on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Bank of America lifted their target price on shares of Aflac from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley boosted their price target on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $92.50.

Insider Buying and Selling at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total transaction of $197,880.00. Following the transaction, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

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.