Aflac Incorporated $AFL Shares Sold by Creekmur Asset Management LLC

Creekmur Asset Management LLC cut its stake in Aflac Incorporated (NYSE:AFL) by 28.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,330 shares of the financial services provider’s stock after selling 3,392 shares during the period. Creekmur Asset Management LLC’s holdings in Aflac were worth $878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. IFG Advisory LLC boosted its stake in Aflac by 0.6% in the 2nd quarter. IFG Advisory LLC now owns 51,315 shares of the financial services provider’s stock worth $5,412,000 after purchasing an additional 322 shares in the last quarter. Strs Ohio boosted its stake in Aflac by 509.1% in the 2nd quarter. Strs Ohio now owns 143,848 shares of the financial services provider’s stock worth $15,170,000 after purchasing an additional 120,231 shares in the last quarter. Savvy Advisors Inc. boosted its stake in Aflac by 22.6% in the 2nd quarter. Savvy Advisors Inc. now owns 4,560 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 840 shares in the last quarter. Assetmark Inc. lifted its stake in Aflac by 8.2% during the 2nd quarter. Assetmark Inc. now owns 1,652,500 shares of the financial services provider’s stock valued at $174,273,000 after acquiring an additional 124,706 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Aflac by 6.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,861 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 162 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler set a $125.00 price objective on shares of Aflac and gave the company an “overweight” rating in a report on Tuesday, October 7th. Morgan Stanley upped their price objective on shares of Aflac from $108.00 to $113.00 and gave the company an “equal weight” rating in a report on Monday, August 18th. Barclays reaffirmed an “underweight” rating and issued a $102.00 price objective (up from $100.00) on shares of Aflac in a report on Wednesday, October 8th. Evercore ISI set a $110.00 target price on Aflac and gave the stock an “underperform” rating in a report on Thursday, October 9th. Finally, UBS Group dropped their target price on Aflac from $114.00 to $111.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Aflac has an average rating of “Hold” and an average price target of $109.45.

Aflac Stock Performance

AFL opened at $106.78 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a fifty day moving average price of $108.63 and a 200 day moving average price of $105.62. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $115.43. The stock has a market cap of $57.11 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.93 and a beta of 0.86.

Aflac (NYSE:AFL) last posted 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 during the quarter. Equities research analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, August 20th. Aflac’s payout ratio is currently 52.61%.

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

Insider Buying and Selling

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $102.57, for a total value 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. The trade was a 3.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

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.