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

SS&H Financial Advisors Inc. decreased its position in Aflac Incorporated (NYSE:AFL) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,856 shares of the financial services provider’s stock after selling 100 shares during the quarter. Aflac accounts for approximately 1.0% of SS&H Financial Advisors Inc.’s holdings, making the stock its 26th largest position. SS&H Financial Advisors Inc.’s holdings in Aflac were worth $2,779,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AFL. Y.D. More Investments Ltd bought a new stake in Aflac during the second quarter valued at $25,000. Atwood & Palmer Inc. boosted its holdings in shares of Aflac by 80.0% in the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock valued at $27,000 after buying an additional 140 shares during the period. OFI Invest Asset Management bought a new stake in shares of Aflac during the 1st quarter valued at about $29,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Aflac during the first quarter worth about $34,000. Finally, Fairscale Capital LLC bought a new position in Aflac in the second quarter worth about $54,000. 67.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AFL has been the subject of several recent research reports. Wells Fargo & Company upped their target price on Aflac from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday. Piper Sandler increased their target price on Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Morgan Stanley raised their target price on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. UBS Group upped their price target on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Finally, Jefferies Financial Group cut their price objective on shares of Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.93.

Insider Buying and Selling

In related news, Director Thomas J. Kenny sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 18,158 shares in the company, valued at approximately $1,796,552.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

Aflac Price Performance

AFL traded up $0.57 during trading on Thursday, reaching $111.63. The stock had a trading volume of 394,451 shares, compared to its average volume of 2,246,468. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50. The firm has a market capitalization of $63.43 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95. The stock has a 50 day moving average of $107.42 and a two-hundred day moving average of $94.51. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last announced its quarterly earnings data 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 business had revenue of $5.14 billion during 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 company’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 earnings per share. As a group, equities analysts anticipate that Aflac Incorporated will post 6.75 EPS for the current fiscal 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 paid a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 1.79%. Aflac’s dividend payout ratio is currently 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.