Legacy Private Trust Co. Has $1.36 Million Stake in Aflac Incorporated (NYSE:AFL)

Legacy Private Trust Co. decreased its holdings in Aflac Incorporated (NYSE:AFL) by 10.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,193 shares of the financial services provider’s stock after selling 1,493 shares during the quarter. Legacy Private Trust Co.’s holdings in Aflac were worth $1,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ascent Group LLC grew its holdings in shares of Aflac by 0.6% during the 2nd quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after purchasing an additional 99 shares during the last quarter. Ieq Capital LLC grew its holdings in shares of Aflac by 0.5% during the 2nd quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after purchasing an additional 101 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of Aflac by 1.3% during the 2nd quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock valued at $745,000 after purchasing an additional 107 shares during the last quarter. Copperwynd Financial LLC grew its holdings in shares of Aflac by 3.7% during the 2nd quarter. Copperwynd Financial LLC now owns 3,029 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 109 shares during the last quarter. Finally, Bank of New Hampshire grew its holdings in shares of Aflac by 0.3% during the 3rd quarter. Bank of New Hampshire now owns 32,120 shares of the financial services provider’s stock valued at $3,591,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AFL. Jefferies Financial Group reduced their target price on shares of Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Barclays began coverage on shares of Aflac in a report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 target price on the stock. Citigroup boosted their target price on shares of Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Morgan Stanley boosted 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, Evercore ISI boosted their target price on shares of Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Aflac currently has an average rating of “Hold” and an average target price of $95.43.

Aflac Trading Up 0.6 %

Shares of AFL opened at $112.47 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $63.91 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 2.60 and a beta of 0.95. The firm has a 50 day moving average price of $106.77 and a 200-day moving average price of $94.19. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week high of $115.50.

Aflac (NYSE:AFL) last issued its earnings results 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 company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. Aflac’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 EPS. As a group, equities research analysts forecast that Aflac Incorporated will post 6.75 earnings per share for the current 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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s dividend payout ratio (DPR) is presently 22.08%.

Insider Buying and Selling at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

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.