Aflac Incorporated $AFL Shares Sold by RFG Advisory LLC

RFG Advisory LLC reduced its stake in shares of Aflac Incorporated (NYSE:AFL) by 39.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,252 shares of the financial services provider’s stock after selling 6,546 shares during the period. RFG Advisory LLC’s holdings in Aflac were worth $1,202,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in Aflac in the first quarter worth about $25,000. Groupe la Francaise acquired a new stake in Aflac during the first quarter valued at approximately $25,000. Quarry LP bought a new position in Aflac during the 4th quarter worth approximately $25,000. Archer Investment Corp acquired a new position in shares of Aflac in the 2nd quarter worth approximately $26,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Aflac in the 2nd quarter worth approximately $27,000. Institutional investors own 67.44% of the company’s stock.

Insider Activity

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $117.39, for a total transaction of $3,521,700.00. Following the sale, the insider owned 50,955,935 shares of the company’s stock, valued at $5,981,717,209.65. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 375,815 shares of company stock valued at $44,190,500 in the last ninety days. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AFL shares. Wells Fargo & Company set a $122.00 price target on Aflac and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Morgan Stanley boosted their target price on shares of Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. UBS Group reissued a “neutral” rating and set a $124.00 target price (up from $114.00) on shares of Aflac in a report on Wednesday, July 8th. Barclays restated an “underweight” rating and issued a $99.00 price target (up from $98.00) on shares of Aflac in a research report on Friday, August 7th. Finally, Mizuho set a $116.00 price target on shares of Aflac in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $116.62.

Aflac Price Performance

Shares of NYSE:AFL opened at $115.28 on Friday. The firm’s 50 day moving average is $121.08 and its two-hundred day moving average is $116.31. The firm has a market capitalization of $57.79 billion, a P/E ratio of 12.36, a PEG ratio of 1.85 and a beta of 0.59. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 52 week low of $105.43 and a 52 week high of $130.22.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (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 business had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts anticipate that Aflac Incorporated will post 7.04 earnings per share for the current year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Aflac’s dividend payout ratio is currently 26.15%.

About Aflac

Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.

Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.

Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.