Aflac Incorporated $AFL Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors reduced its stake in shares of Aflac Incorporated (NYSE:AFL) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,507 shares of the financial services provider’s stock after selling 105 shares during the quarter. Aflac comprises approximately 2.2% of JNBA Financial Advisors’ portfolio, making the stock its 11th largest holding. JNBA Financial Advisors’ holdings in Aflac were worth $22,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AlphaCore Capital LLC purchased a new position in Aflac during the 1st quarter worth $28,000. Hilltop National Bank purchased a new position in Aflac during the 2nd quarter worth $32,000. Golden State Wealth Management LLC grew its position in Aflac by 121.9% during the 1st quarter. Golden State Wealth Management LLC now owns 304 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 167 shares during the last quarter. Groupe la Francaise purchased a new position in Aflac during the 1st quarter worth $34,000. Finally, Garde Capital Inc. purchased a new position in Aflac during the 1st quarter worth $36,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AFL shares. Wells Fargo & Company raised their price objective on shares of Aflac from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Monday, August 11th. Morgan Stanley raised their price objective on shares of Aflac from $108.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. Barclays reaffirmed an “underweight” rating and issued a $102.00 target price (up previously from $100.00) on shares of Aflac in a report on Wednesday. Evercore ISI set a $110.00 target price on shares of Aflac and gave the company an “underperform” rating in a report on Thursday. Finally, Wall Street Zen raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $109.45.

Insider Buying and Selling

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $102.57, for a total transaction of $102,570.00. Following the sale, the director owned 25,105 shares of the company’s stock, valued at approximately $2,575,019.85. The trade was a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.90% of the company’s stock.

Aflac Stock Down 0.4%

Shares of NYSE:AFL opened at $110.78 on Friday. The company has a market cap of $59.25 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 3.08 and a beta of 0.86. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $115.44. The firm’s 50-day simple moving average is $107.55 and its 200-day simple moving average is $105.52. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.33.

Aflac (NYSE:AFL) last released its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.07 EPS for the quarter. The firm had revenue of $5.91 billion for the quarter. Aflac had a net margin of 15.32% and a return on equity of 15.08%. As a group, equities research analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.32 dividend on an annualized basis and a yield of 2.1%. Aflac’s payout ratio is currently 52.61%.

Aflac announced that its board has approved a share repurchase program on Tuesday, August 12th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Aflac Profile

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.