2,464 Shares in Aflac Incorporated (NYSE:AFL) Acquired by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. acquired a new position in shares of Aflac Incorporated (NYSE:AFL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,464 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in shares of Aflac during the 2nd quarter worth $25,000. Atwood & Palmer Inc. increased its holdings in Aflac by 80.0% during the 1st 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 acquired a new position in Aflac during the first quarter worth about $29,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Aflac in the first quarter valued at about $34,000. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Aflac in the first quarter valued at approximately $50,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AFL. Wells Fargo & Company upped their target price on Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. UBS Group boosted their target price on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Truist Financial lifted their price target on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $92.50.

Insider Transactions at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of Aflac 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Aflac Price Performance

Shares of Aflac stock opened at $107.92 on Monday. The business’s fifty day moving average price is $102.88 and its 200 day moving average price is $92.03. Aflac Incorporated has a twelve month low of $74.89 and a twelve month high of $111.14. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $61.32 billion, a P/E 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 the consensus estimate of $1.60 by $0.23. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. As a group, research analysts anticipate that Aflac Incorporated will post 6.75 earnings per share for the current year.

Aflac Announces Dividend

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