Capstone Triton Financial Group LLC Sells 551 Shares of Aflac Incorporated (NYSE:AFL)

Capstone Triton Financial Group LLC decreased its position in shares of Aflac Incorporated (NYSE:AFL) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,461 shares of the financial services provider’s stock after selling 551 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in Aflac were worth $1,381,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in Aflac by 7.7% during the second quarter. Thrivent Financial for Lutherans now owns 28,727 shares of the financial services provider’s stock worth $2,566,000 after acquiring an additional 2,051 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Aflac by 4.5% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 112,279 shares of the financial services provider’s stock worth $10,028,000 after buying an additional 4,800 shares during the period. Ranch Capital Advisors Inc. boosted its holdings in shares of Aflac by 0.6% in the second quarter. Ranch Capital Advisors Inc. now owns 35,616 shares of the financial services provider’s stock valued at $3,181,000 after buying an additional 196 shares during the period. AE Wealth Management LLC boosted its holdings in shares of Aflac by 10.0% in the second quarter. AE Wealth Management LLC now owns 232,973 shares of the financial services provider’s stock valued at $20,807,000 after buying an additional 21,141 shares during the period. Finally, King Luther Capital Management Corp increased its position in shares of Aflac by 30.7% during the second quarter. King Luther Capital Management Corp now owns 3,600 shares of the financial services provider’s stock worth $322,000 after acquiring an additional 846 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AFL has been the topic of a number of research reports. Citigroup boosted their price target on Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Barclays initiated coverage on shares of Aflac in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price objective on the stock. UBS Group increased their price objective on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Morgan Stanley lifted their target price on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Finally, Bank of America upped their price objective on Aflac from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $92.50.

Aflac Stock Up 0.0 %

Shares of AFL opened at $107.89 on Friday. Aflac Incorporated has a 52 week low of $74.89 and a 52 week high of $111.14. The firm has a market cap of $61.31 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95. The firm’s 50-day simple moving average is $102.88 and its 200 day simple moving average is $91.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10.

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

Aflac Dividend Announcement

The firm also recently disclosed 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 1.85%. The ex-dividend date was Wednesday, August 21st. Aflac’s dividend payout ratio is currently 22.08%.

Insider Transactions at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of the business’s 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 completion of the sale, the director now directly owns 18,158 shares in the company, valued at $1,796,552.52. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.90% of the company’s stock.

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.