Aflac Incorporated (NYSE:AFL) Shares Purchased by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC boosted its holdings in shares of Aflac Incorporated (NYSE:AFL) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,019 shares of the financial services provider’s stock after acquiring an additional 512 shares during the period. Insigneo Advisory Services LLC’s holdings in Aflac were worth $682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AFL. Ieq Capital LLC raised its position in shares of Aflac by 0.5% during the 2nd quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock worth $1,945,000 after purchasing an additional 101 shares during the last quarter. Forum Financial Management LP increased its position in Aflac by 1.3% during the second quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock worth $745,000 after buying an additional 107 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Aflac by 0.5% in the second quarter. Evergreen Capital Management LLC now owns 21,743 shares of the financial services provider’s stock worth $1,942,000 after acquiring an additional 116 shares during the last quarter. TriaGen Wealth Management LLC lifted its position in shares of Aflac by 3.6% in the second quarter. TriaGen Wealth Management LLC now owns 3,377 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 117 shares in the last quarter. Finally, Graypoint LLC boosted its stake in shares of Aflac by 2.0% during the second quarter. Graypoint LLC now owns 5,988 shares of the financial services provider’s stock valued at $535,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Stock Performance

Shares of NYSE:AFL opened at $109.69 on Thursday. The business has a 50-day moving average of $103.52 and a two-hundred day moving average of $92.41. The firm has a market capitalization of $61.43 billion, a PE ratio of 12.11, a P/E/G ratio of 2.60 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. Aflac Incorporated has a 12 month low of $74.89 and a 12 month high of $111.14.

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

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Wednesday, August 21st. Aflac’s dividend payout ratio is presently 22.08%.

Insider Activity at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction 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 approximately $1,796,552.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AFL. Citigroup boosted their target price on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company upped their price objective on shares of Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Truist Financial raised their target price on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Barclays assumed coverage on Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price target for the company. Finally, Jefferies Financial Group decreased their price objective on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.50.

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.