Tompkins Financial Corp boosted its holdings in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 45.1% in the second quarter, Holdings Channel.com reports. The fund owned 4,019 shares of the financial services provider’s stock after acquiring an additional 1,250 shares during the quarter. Tompkins Financial Corp’s holdings in Aflac were worth $281,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the business. Johnson Financial Group Inc. bought a new stake in shares of Aflac during the fourth quarter worth $25,000. Silicon Valley Capital Partners purchased a new position in Aflac in the 4th quarter worth about $25,000. CoreFirst Bank & Trust bought a new stake in Aflac during the 4th quarter valued at about $25,000. Guardian Wealth Advisors LLC purchased a new stake in Aflac in the 1st quarter valued at about $26,000. Finally, Studio Investment Management LLC bought a new position in Aflac in the 4th quarter worth about $27,000. Institutional investors own 66.75% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Truist Financial boosted their price target on Aflac from $70.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. JPMorgan Chase & Co. upped their target price on Aflac from $72.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. 888 reissued a “reiterates” rating on shares of Aflac in a research report on Friday, June 9th. Bank of America lifted their price objective on Aflac from $79.00 to $86.00 in a report on Wednesday, August 2nd. Finally, Citigroup increased their target price on shares of Aflac from $69.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Aflac currently has a consensus rating of “Hold” and a consensus price target of $75.82.
Aflac Stock Up 0.1 %
Shares of AFL stock traded up $0.10 during mid-day trading on Tuesday, hitting $77.02. 317,656 shares of the stock traded hands, compared to its average volume of 2,430,732. Aflac Incorporated has a 52-week low of $56.03 and a 52-week high of $78.43. The stock has a market cap of $45.75 billion, a P/E ratio of 10.30, a P/E/G ratio of 2.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s fifty day moving average is $74.06 and its two-hundred day moving average is $69.11.
Aflac (NYSE:AFL – Get Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.52 billion. Aflac had a net margin of 24.48% and a return on equity of 16.10%. Equities analysts predict that Aflac Incorporated will post 5.98 EPS for the current year.
Aflac Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 23rd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.68 annualized dividend and a dividend yield of 2.18%. Aflac’s dividend payout ratio is presently 22.46%.
Insider Transactions at Aflac
In related news, Director Charles D. Lake II sold 16,040 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $75.86, for a total transaction of $1,216,794.40. Following the transaction, the director now directly owns 53,925 shares of the company’s stock, valued at approximately $4,090,750.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Albert Riggieri sold 7,649 shares of Aflac stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $76.09, for a total value of $582,012.41. Following the completion of the sale, the senior vice president now directly owns 26,210 shares in the company, valued at approximately $1,994,318.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles D. Lake II sold 16,040 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $75.86, for a total transaction of $1,216,794.40. Following the transaction, the director now owns 53,925 shares in the company, valued at approximately $4,090,750.50. The disclosure for this sale can be found here. Insiders sold 30,170 shares of company stock valued at $2,286,000 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.
Aflac Company Profile
Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U.S. 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.
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