Regency Capital Management Inc. DE Sells 187 Shares of Aflac Incorporated (NYSE:AFL)

Regency Capital Management Inc. DE lowered its position in shares of Aflac Incorporated (NYSE:AFL) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,077 shares of the financial services provider’s stock after selling 187 shares during the period. Aflac accounts for approximately 2.0% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 21st biggest holding. Regency Capital Management Inc. DE’s holdings in Aflac were worth $3,698,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AFL. Y.D. More Investments Ltd bought a new position in shares of Aflac during the second quarter worth approximately $25,000. Atwood & Palmer Inc. increased its stake in Aflac by 80.0% during the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 140 shares during the period. OFI Invest Asset Management bought a new position in Aflac during the 1st quarter worth $29,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Aflac during the 1st quarter worth $34,000. Finally, Cedar Wealth Management LLC bought a new position in Aflac during the 1st quarter worth $50,000. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AFL shares. Citigroup raised their price objective on Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Piper Sandler raised their target price on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday. 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. Evercore ISI raised their target price on Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company raised their target price on Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $95.43.

Aflac Price Performance

Shares of NYSE AFL traded up $1.73 during mid-day trading on Friday, hitting $115.26. 1,713,456 shares of the stock traded hands, compared to its average volume of 2,255,604. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The company has a market cap of $65.49 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95. The firm has a 50 day simple moving average of $106.01 and a two-hundred day simple moving average of $93.66.

Aflac (NYSE:AFL) last released its quarterly 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. The firm 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 business’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 EPS. As a group, equities research analysts forecast that Aflac Incorporated will post 6.75 EPS for the current fiscal year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Wednesday, August 21st. Aflac’s dividend payout ratio is currently 22.08%.

Insider Buying and Selling

In related news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by insiders.

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.