17,412 Shares in Aflac Incorporated $AFL Purchased by Triton Financial Group Inc

Triton Financial Group Inc purchased a new position in Aflac Incorporated (NYSE:AFL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,412 shares of the financial services provider’s stock, valued at approximately $2,042,000. Aflac comprises about 1.2% of Triton Financial Group Inc’s holdings, making the stock its 25th biggest position.

Several other institutional investors also recently added to or reduced their stakes in the stock. DNB Asset Management AS raised its position in shares of Aflac by 51.3% in the fourth quarter. DNB Asset Management AS now owns 168,003 shares of the financial services provider’s stock valued at $18,526,000 after purchasing an additional 56,975 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Aflac in the fourth quarter valued at $3,743,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Aflac during the 2nd quarter valued at $6,630,000. Atlas Wealth LLC bought a new stake in shares of Aflac during the 1st quarter valued at $1,802,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Aflac by 4.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,072,717 shares of the financial services provider’s stock worth $118,256,000 after purchasing an additional 46,262 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Aflac Trading Down 0.9%

Shares of AFL stock opened at $116.45 on Friday. The company has a market capitalization of $58.38 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.89 and a beta of 0.60. Aflac Incorporated has a 52-week low of $104.66 and a 52-week high of $130.22. The business’s fifty day moving average is $121.60 and its 200 day moving average is $116.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12.

Aflac (NYSE:AFL) last posted its earnings results on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.Aflac’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. On average, equities research analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. Aflac’s payout ratio is presently 26.15%.

Insider Activity at Aflac

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.12, for a total value of $7,441,560.00. Following the transaction, the insider directly owned 51,169,435 shares in the company, valued at approximately $6,044,133,662.20. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 502,125 shares of company stock worth $58,965,806 over the last ninety days. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AFL has been the subject of several analyst reports. Mizuho set a $116.00 target price on Aflac in a research note on Monday, August 10th. Morgan Stanley upped their price target on Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of Aflac from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Barclays restated an “underweight” rating and issued a $99.00 price objective (up from $98.00) on shares of Aflac in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $116.62.

Aflac Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.