Aflac Incorporated (NYSE:AFL) Shares Sold by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. cut its stake in Aflac Incorporated (NYSE:AFL) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,956 shares of the financial services provider’s stock after selling 100 shares during the period. SS&H Financial Advisors Inc.’s holdings in Aflac were worth $2,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Aflac by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock valued at $429,319,000 after purchasing an additional 285,576 shares during the last quarter. APG Asset Management N.V. increased its position in Aflac by 1.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,429,316 shares of the financial services provider’s stock worth $202,437,000 after purchasing an additional 31,752 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Aflac by 5.6% in the second quarter. ProShare Advisors LLC now owns 2,220,125 shares of the financial services provider’s stock valued at $198,279,000 after buying an additional 117,504 shares during the last quarter. Truist Financial Corp raised its holdings in Aflac by 26.6% in the 2nd quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock valued at $172,338,000 after acquiring an additional 405,847 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Aflac by 6.7% during the first quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider’s stock worth $155,140,000 after buying an additional 113,226 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AFL has been the topic of a number of research analyst reports. Barclays started coverage on Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 target price on the stock. Truist Financial lifted their price objective on Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Citigroup increased their price target on shares of Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Morgan Stanley increased their target price on shares of Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Finally, Jefferies Financial Group cut their price target on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $93.36.

Insider Transactions at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction that occurred on Wednesday, August 7th. The shares were 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 in the company, valued at $1,796,552.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.90% of the stock is owned by corporate insiders.

Aflac Trading Up 0.9 %

Shares of NYSE AFL opened at $112.83 on Wednesday. The company’s 50 day simple moving average is $105.22 and its 200 day simple moving average is $93.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $64.11 billion, a P/E ratio of 12.45, a P/E/G ratio of 2.60 and a beta of 0.95. Aflac Incorporated has a fifty-two week low of $74.89 and a fifty-two week high of $112.96.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.23. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the business posted $1.58 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Aflac Incorporated will post 6.75 EPS for the current year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Shareholders 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 annualized dividend and a yield of 1.77%. 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.