Sather Financial Group Inc Takes $316,000 Position in Aflac Incorporated $AFL

Sather Financial Group Inc acquired a new stake in Aflac Incorporated (NYSE:AFL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,000 shares of the financial services provider’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AFL. AlphaCore Capital LLC bought a new position in shares of Aflac in the 1st quarter valued at about $28,000. Hilltop National Bank bought a new position in shares of Aflac in the 2nd quarter valued at about $32,000. Golden State Wealth Management LLC grew its position in shares of 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 acquiring an additional 167 shares during the period. Groupe la Francaise bought a new stake in shares of Aflac during the 1st quarter worth about $34,000. Finally, Garde Capital Inc. acquired a new position in Aflac in the 1st quarter valued at about $36,000. Institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling at Aflac

In other news, Director Joseph L. Moskowitz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $102.57, for a total transaction of $102,570.00. Following the completion of the sale, the director owned 25,105 shares of the company’s stock, valued at approximately $2,575,019.85. This represents a 3.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Aflac Stock Performance

Shares of NYSE:AFL opened at $110.78 on Friday. The company’s 50 day moving average price is $107.55 and its two-hundred day moving average price is $105.48. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $115.44. The firm has a market cap of $59.25 billion, a PE ratio of 25.12, a PEG ratio of 3.08 and a beta of 0.86. 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 announced its earnings results on Monday, February 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter. Aflac had a net margin of 15.32% and a return on equity of 15.08%. The firm had revenue of $5.91 billion for the quarter. Equities research analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac announced that its Board of Directors has authorized a share buyback program on Tuesday, August 12th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Aflac Dividend Announcement

The company also recently declared 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 20th. Aflac’s dividend payout ratio is 52.61%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AFL. Evercore ISI set a $110.00 price objective on shares of Aflac and gave the stock an “underperform” rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their price objective on Aflac from $108.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on Aflac from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Morgan Stanley boosted their price objective on Aflac from $108.00 to $113.00 and gave the stock an “equal weight” rating in a report on Monday, August 18th. Finally, Piper Sandler set a $125.00 price objective on Aflac and gave the stock an “overweight” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.45.

Aflac Company 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.