J.W. Cole Advisors Inc. Buys New Position in Aflac Incorporated (NYSE:AFL)

J.W. Cole Advisors Inc. bought a new stake in shares of Aflac Incorporated (NYSE:AFLGet Rating) during the 1st quarter, HoldingsChannel.com reports. The fund bought 82,075 shares of the financial services provider’s stock, valued at approximately $57,000.

Other hedge funds also recently modified their holdings of the company. Kwmg LLC boosted its position in shares of Aflac by 2.1% during the first quarter. Kwmg LLC now owns 83,071 shares of the financial services provider’s stock valued at $5,349,000 after buying an additional 1,730 shares during the last quarter. Van ECK Associates Corp boosted its position in Aflac by 10.9% in the first quarter. Van ECK Associates Corp now owns 73,817 shares of the financial services provider’s stock worth $4,753,000 after purchasing an additional 7,237 shares during the last quarter. Good Life Advisors LLC boosted its position in Aflac by 5.9% in the first quarter. Good Life Advisors LLC now owns 3,832 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 212 shares during the last quarter. HM Payson & Co. boosted its position in Aflac by 5.5% in the first quarter. HM Payson & Co. now owns 170,960 shares of the financial services provider’s stock worth $11,008,000 after purchasing an additional 8,963 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Aflac by 5.6% in the fourth quarter. Stifel Financial Corp now owns 544,966 shares of the financial services provider’s stock worth $31,820,000 after purchasing an additional 29,002 shares during the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.

Analyst Upgrades and Downgrades

AFL has been the topic of several research analyst reports. Evercore ISI cut their price objective on Aflac from $60.00 to $59.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 6th. JPMorgan Chase & Co. boosted their price objective on Aflac from $61.00 to $62.00 in a research report on Monday, July 11th. Morgan Stanley boosted their price objective on Aflac from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Finally, Piper Sandler cut their price objective on Aflac from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.17.

Aflac Stock Performance

Shares of AFL opened at $58.67 on Friday. The firm has a market cap of $37.07 billion, a PE ratio of 8.85, a PEG ratio of 2.25 and a beta of 0.91. The stock’s fifty day moving average price is $59.69 and its two-hundred day moving average price is $59.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.07. Aflac Incorporated has a 1 year low of $52.04 and a 1 year high of $67.20.

Aflac (NYSE:AFLGet Rating) last released its quarterly earnings data on Monday, August 1st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. Aflac had a return on equity of 12.40% and a net margin of 20.37%. The company had revenue of $5.40 billion for the quarter, compared to analyst estimates of $4.79 billion. During the same period in the previous year, the company posted $1.59 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Aflac Incorporated will post 5.37 EPS for the current year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Wednesday, August 24th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.73%. Aflac’s payout ratio is 24.13%.

Insider Activity at Aflac

In related news, CFO James Todd Daniels sold 16,946 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $64.03, for a total transaction of $1,085,052.38. Following the sale, the chief financial officer now directly owns 53,025 shares in the company, valued at approximately $3,395,190.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Aflac news, insider Teresa L. White sold 10,000 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $59.24, for a total value of $592,400.00. Following the transaction, the insider now directly owns 134,256 shares in the company, valued at approximately $7,953,325.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Todd Daniels sold 16,946 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $64.03, for a total value of $1,085,052.38. Following the completion of the transaction, the chief financial officer now owns 53,025 shares in the company, valued at $3,395,190.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,272 shares of company stock worth $2,338,959. 1.10% of the stock is owned by company insiders.

Aflac Company Profile

(Get Rating)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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