Pacer Advisors Inc. Sells 5,609 Shares of Aflac Incorporated (NYSE:AFL)

Pacer Advisors Inc. lowered its position in shares of Aflac Incorporated (NYSE:AFL) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,738 shares of the financial services provider’s stock after selling 5,609 shares during the period. Pacer Advisors Inc.’s holdings in Aflac were worth $5,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Ieq Capital LLC increased its stake 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 worth $1,945,000 after purchasing an additional 101 shares during the period. Forum Financial Management LP increased its stake in Aflac by 1.3% during the 2nd quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock worth $745,000 after acquiring an additional 107 shares during the period. TriaGen Wealth Management LLC increased its stake in Aflac by 3.6% during the 2nd quarter. TriaGen Wealth Management LLC now owns 3,377 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 117 shares during the period. Graypoint LLC increased its stake in Aflac by 2.0% during the 2nd quarter. Graypoint LLC now owns 5,988 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 118 shares during the period. Finally, Jaffetilchin Investment Partners LLC increased its stake 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 period. Institutional investors own 67.44% of the company’s stock.

Insider Transactions at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction dated 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 transaction, 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AFL shares. Wells Fargo & Company raised their price objective on Aflac from $81.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Barclays initiated coverage on Aflac in a research note on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price objective on the stock. UBS Group raised their target price on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Truist Financial raised their target price on Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group reduced their target price on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Three research 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 data from MarketBeat.com, Aflac presently has an average rating of “Hold” and an average price target of $92.50.

Aflac Stock Up 1.9 %

Shares of AFL opened at $110.00 on Tuesday. The company has a market capitalization of $62.50 billion, a PE ratio of 12.14, a PEG ratio of 2.53 and a beta of 0.95. Aflac Incorporated has a 12 month low of $74.89 and a 12 month high of $111.14. The stock’s 50-day moving average price is $103.21 and its two-hundred day moving average price is $92.22. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $1.58 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that Aflac Incorporated will post 6.75 EPS for the current year.

Aflac Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Wednesday, August 21st. Aflac’s dividend payout ratio (DPR) is presently 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.