8,081 Shares in Aflac Incorporated $AFL Acquired by Northstar Financial Companies Inc.

Northstar Financial Companies Inc. bought a new position in Aflac Incorporated (NYSE:AFL) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,081 shares of the financial services provider’s stock, valued at approximately $948,000.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Aflac by 64.4% during the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after acquiring an additional 5,708 shares during the last quarter. Bison Wealth LLC grew its holdings in shares of Aflac by 4.3% during the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 183 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Aflac in the second quarter worth approximately $280,000. Sei Investments Co. increased its position in shares of Aflac by 11.2% in the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock worth $15,854,000 after purchasing an additional 15,105 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in Aflac by 1.6% in the second quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 192 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.12, for a total value of $7,441,560.00. Following the completion of the sale, the insider owned 51,169,435 shares in the company, valued at approximately $6,044,133,662.20. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 578,333 shares of company stock valued at $67,710,836. 0.80% of the stock is owned by insiders.

Aflac Stock Performance

NYSE AFL opened at $121.38 on Monday. The company has a 50-day simple moving average of $121.36 and a two-hundred day simple moving average of $115.86. Aflac Incorporated has a 12-month low of $104.66 and a 12-month high of $130.22. The firm has a market cap of $60.85 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.96 and a beta of 0.60. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last released its quarterly earnings data 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). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The company had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. On average, equities analysts forecast that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Aflac’s payout ratio is 26.15%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AFL. Keefe, Bruyette & Woods lifted their target price on shares of Aflac from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Tuesday, August 11th. TD Cowen restated a “hold” rating and set a $110.00 price objective (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. Weiss Ratings cut shares of Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Mizuho set a $116.00 price objective on shares of Aflac in a report on Monday, August 10th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $108.00 target price (up from $100.00) on shares of Aflac in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $117.58.

About Aflac

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.