Integrated Capital Management LLC Cuts Holdings in Aflac Incorporated $AFL

Integrated Capital Management LLC trimmed its holdings in shares of Aflac Incorporated (NYSE:AFL) by 6.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,009 shares of the financial services provider’s stock after selling 200 shares during the period. Integrated Capital Management LLC’s holdings in Aflac were worth $304,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Aflac during the 1st quarter worth approximately $2,070,000. Belpointe Asset Management LLC purchased a new position in Aflac in the 1st quarter valued at approximately $551,000. Golden State Wealth Management LLC increased its stake in Aflac by 121.9% in the 1st quarter. Golden State Wealth Management LLC now owns 304 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 167 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Aflac by 11.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 32,982 shares of the financial services provider’s stock valued at $3,478,000 after purchasing an additional 3,484 shares in the last quarter. Finally, Strs Ohio purchased a new position in Aflac in the 1st quarter valued at approximately $2,626,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was 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 in the company, valued at $2,575,019.85. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Aflac from $105.00 to $107.00 and gave the company an “equal weight” rating in a research note on Monday, August 11th. Barclays set a $98.00 price objective on Aflac and gave the company an “underweight” rating in a research note on Monday, July 7th. Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Aflac in a research note on Saturday, September 27th. Finally, UBS Group dropped their price target on Aflac from $114.00 to $111.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $109.15.

Aflac Stock Performance

Aflac stock opened at $112.24 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a fifty day moving average of $106.31 and a two-hundred day moving average of $105.39. The company has a market capitalization of $60.03 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 3.14 and a beta of 0.86. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $115.50.

Aflac (NYSE:AFL) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a return on equity of 15.08% and a net margin of 15.32%.Aflac’s revenue was down 19.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 earnings per share. On average, analysts anticipate that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac announced that its board has initiated a stock repurchase program on Tuesday, August 12th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Aflac Dividend Announcement

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

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.