Atomi Financial Group Inc. Has $1.40 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

Atomi Financial Group Inc. lifted its position in Aflac Incorporated (NYSE:AFL) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,489 shares of the financial services provider’s stock after acquiring an additional 983 shares during the period. Atomi Financial Group Inc.’s holdings in Aflac were worth $1,396,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Ascent Group LLC raised its position in shares of Aflac by 0.6% in the 2nd quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after acquiring an additional 99 shares during the period. Ieq Capital LLC raised its position in shares of Aflac by 0.5% in the 2nd quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after acquiring an additional 101 shares during the period. Forum Financial Management LP raised its position in shares of Aflac by 1.3% in the 2nd quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock valued at $745,000 after acquiring an additional 107 shares during the period. Copperwynd Financial LLC raised its position in shares of Aflac by 3.7% in the 2nd quarter. Copperwynd Financial LLC now owns 3,029 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 109 shares during the period. Finally, Bank of New Hampshire raised its position in shares of Aflac by 0.3% in 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 acquiring an additional 112 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Aflac Trading Up 0.6 %

Shares of Aflac stock opened at $112.47 on Wednesday. The firm has a 50-day moving average of $106.77 and a 200-day moving average of $94.19. The stock has a market cap of $63.91 billion, a PE ratio of 12.41, a PEG ratio of 2.60 and a beta of 0.95. Aflac Incorporated has a 52-week low of $75.07 and a 52-week high of $115.50. 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 announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 28.35% and a return on equity of 16.22%. Aflac’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 earnings per share. As a group, sell-side analysts forecast that Aflac Incorporated will post 6.75 EPS for the current year.

Aflac Announces Dividend

The business also recently declared 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 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%.

Wall Street Analyst Weigh In

Several brokerages have commented on AFL. 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. Morgan Stanley raised 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. Jefferies Financial Group dropped 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. Wells Fargo & Company raised their target price 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, Evercore ISI raised 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 research 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. According to data from MarketBeat, Aflac presently has a consensus rating of “Hold” and a consensus price target of $95.43.

Insider Activity at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of the business’s 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 completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by insiders.

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.