Texas Bank & Trust Co Has $811,000 Holdings in Aflac Incorporated $AFL

Texas Bank & Trust Co trimmed its position in shares of Aflac Incorporated (NYSE:AFL) by 6.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,692 shares of the financial services provider’s stock after selling 540 shares during the quarter. Texas Bank & Trust Co’s holdings in Aflac were worth $811,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AFL. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Aflac in the 2nd quarter worth approximately $26,000. Chilton Capital Management LLC bought a new position in Aflac in the 2nd quarter valued at $26,000. Whipplewood Advisors LLC boosted its stake in Aflac by 1,526.7% in the second quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 229 shares in the last quarter. AlphaCore Capital LLC bought a new stake in shares of Aflac during the first quarter worth $28,000. Finally, Hilltop National Bank acquired a new stake in shares of Aflac in the second quarter valued at $32,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AFL. Piper Sandler set a $125.00 price target on shares of Aflac and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Aflac in a research note on Wednesday, October 8th. Evercore ISI set a $110.00 price target on shares of Aflac and gave the company an “underperform” rating in a research note on Thursday, October 9th. Barclays restated an “underweight” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Aflac in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Aflac from $108.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $109.90.

Insider Activity at Aflac

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was 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 in the company, valued at approximately $2,575,019.85. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.

Aflac Stock Up 0.3%

Shares of NYSE:AFL opened at $107.19 on Monday. 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 stock has a market cap of $57.33 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 2.93 and a beta of 0.86. The company has a 50 day moving average of $108.61 and a 200-day moving average of $105.59. Aflac Incorporated has a one year low of $96.95 and a one year high of $115.43.

Aflac (NYSE:AFL) last announced its quarterly earnings data 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. On average, sell-side analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were given 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 dividend payout ratio (DPR) is currently 52.61%.

Aflac declared that its board has initiated a stock buyback program on Tuesday, August 12th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.