Security National Bank of Sioux City Iowa IA Has $3.03 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

Security National Bank of Sioux City Iowa IA reduced its stake in shares of Aflac Incorporated (NYSE:AFL) by 1.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 33,875 shares of the financial services provider’s stock after selling 469 shares during the period. Aflac comprises approximately 2.2% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 10th biggest position. Security National Bank of Sioux City Iowa IA’s holdings in Aflac were worth $3,025,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in shares of Aflac in the second quarter valued at approximately $25,000. Atwood & Palmer Inc. grew its holdings in shares of Aflac by 80.0% in the first 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 during the first quarter valued at $29,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Aflac during the first quarter valued at $34,000. Finally, Cedar Wealth Management LLC bought a new position in Aflac during the first quarter valued at $50,000. 67.44% of the stock is owned by institutional investors.

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 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 transaction, the director now directly owns 18,158 shares of the company’s stock, valued at $1,796,552.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

AFL has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on Aflac from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Jefferies Financial Group reduced 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. Bank of America increased their price objective on Aflac from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Morgan Stanley increased their price objective on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Finally, Citigroup increased their target price on Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $93.36.

Aflac Trading Up 0.3 %

NYSE AFL opened at $110.07 on Friday. The stock’s 50-day simple moving average is $104.15 and its two-hundred day simple moving average is $92.65. 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 company has a market capitalization of $62.54 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 2.60 and a beta of 0.95.

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

Aflac Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 1.82%. Aflac’s payout ratio is 22.08%.

About Aflac

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.