2,020 Shares in Aflac Incorporated (NYSE:AFL) Acquired by Heritage Wealth Partners LLC

Heritage Wealth Partners LLC acquired a new stake in shares of Aflac Incorporated (NYSE:AFL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,020 shares of the financial services provider’s stock, valued at approximately $226,000.

A number of other large investors have also bought and sold shares of the company. Wedmont Private Capital increased its holdings in Aflac by 5.3% in the 3rd quarter. Wedmont Private Capital now owns 7,000 shares of the financial services provider’s stock worth $783,000 after acquiring an additional 350 shares during the last quarter. True North Advisors LLC boosted its position in Aflac by 19.9% during the third quarter. True North Advisors LLC now owns 4,826 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 802 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of Aflac by 22.1% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 8,839 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 1,601 shares in the last quarter. City Holding Co. raised its position in shares of Aflac by 3.9% in the third quarter. City Holding Co. now owns 52,649 shares of the financial services provider’s stock valued at $5,886,000 after purchasing an additional 1,987 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in shares of Aflac by 8.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 12,489 shares of the financial services provider’s stock valued at $1,396,000 after buying an additional 983 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Aflac Trading Down 1.3 %

NYSE AFL opened at $111.06 on Thursday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $107.42 and its two-hundred day simple moving average is $94.51. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The company has a market capitalization of $63.11 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 2.60 and a beta of 0.95.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.23. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the company posted $1.58 EPS. Aflac’s quarterly revenue was down .7% compared to the same quarter last year. Research analysts forecast that Aflac Incorporated will post 6.75 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s payout ratio is presently 22.08%.

Insiders Place Their Bets

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 transaction, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. TD Cowen began coverage on Aflac in a report on Wednesday. They set a “hold” rating and a $102.00 price objective on the stock. Morgan Stanley lifted their target price on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Wells Fargo & Company increased their price target on shares of Aflac from $81.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group cut their price objective on shares of Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, June 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Aflac has an average rating of “Hold” and an average price target of $95.87.

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.