SS&H Financial Advisors Inc. Reduces Holdings in Aflac Incorporated $AFL

SS&H Financial Advisors Inc. cut its stake in shares of Aflac Incorporated (NYSE:AFL) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,056 shares of the financial services provider’s stock after selling 750 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in Aflac were worth $2,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AFL. Brighton Jones LLC lifted its holdings in Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock worth $1,507,000 after buying an additional 5,708 shares during the period. Bison Wealth LLC lifted its holdings in Aflac by 4.3% in the 4th quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after buying an additional 183 shares during the period. Golden State Wealth Management LLC lifted its holdings 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 worth $34,000 after buying an additional 167 shares during the period. Teacher Retirement System of Texas lifted its holdings in Aflac by 224.0% in the 1st quarter. Teacher Retirement System of Texas now owns 101,686 shares of the financial services provider’s stock worth $11,306,000 after buying an additional 70,306 shares during the period. Finally, Mutual Advisors LLC lifted its holdings in Aflac by 3.9% in the 1st quarter. Mutual Advisors LLC now owns 16,980 shares of the financial services provider’s stock worth $1,833,000 after buying an additional 640 shares during the period. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley increased 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. Piper Sandler set a $125.00 price objective on Aflac and gave the stock an “overweight” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. increased 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Aflac in a research report on Wednesday, October 8th. Finally, UBS Group decreased their target price on Aflac from $114.00 to $111.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $109.90.

Insider Transactions at Aflac

In other Aflac news, Director Joseph L. Moskowitz sold 1,000 shares of Aflac 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 completion of the transaction, the director owned 25,105 shares in the company, valued at approximately $2,575,019.85. The trade was a 3.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

Aflac Stock Up 0.3%

Shares of NYSE:AFL opened at $107.19 on Friday. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $115.43. The firm has a market capitalization of $57.33 billion, a P/E ratio of 24.31, a P/E/G ratio of 2.93 and a beta of 0.86. The stock has a 50 day moving average price of $108.61 and a 200-day moving average price of $105.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11.

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 return on equity of 15.08% and a net margin of 15.32%.The firm had revenue of $5.91 billion during the quarter. As a group, equities research analysts anticipate that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.58 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.32 dividend on an annualized basis and a yield of 2.2%. Aflac’s payout ratio is presently 52.61%.

Aflac declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 12th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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.