Atlas Wealth LLC bought a new position in Aflac Incorporated (NYSE:AFL – Free Report) in the first quarter, HoldingsChannel.com reports. The fund bought 16,429 shares of the financial services provider’s stock, valued at approximately $1,802,000.
A number of other large investors also recently modified their holdings of the stock. DNB Asset Management AS grew its holdings in Aflac by 51.3% during the 4th quarter. DNB Asset Management AS now owns 168,003 shares of the financial services provider’s stock worth $18,526,000 after acquiring an additional 56,975 shares during the period. BIP Wealth LLC lifted its stake in shares of Aflac by 348.3% in the 4th quarter. BIP Wealth LLC now owns 55,723 shares of the financial services provider’s stock valued at $6,145,000 after purchasing an additional 43,293 shares during the period. Employees Retirement System of Texas bought a new position in shares of Aflac in the 4th quarter worth $3,743,000. Nordea Investment Management AB boosted its position in shares of Aflac by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 1,866,471 shares of the financial services provider’s stock worth $206,712,000 after purchasing an additional 97,766 shares during the last quarter. Finally, Dorato Capital Management acquired a new stake in shares of Aflac during the fourth quarter worth $20,865,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.
Aflac Stock Performance
AFL opened at $124.79 on Friday. The business’s 50-day simple moving average is $117.82 and its 200 day simple moving average is $113.71. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $125.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market capitalization of $63.52 billion, a PE ratio of 14.16, a PEG ratio of 1.89 and a beta of 0.61.
Aflac Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were paid a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.44 annualized dividend and a dividend yield of 2.0%. Aflac’s dividend payout ratio (DPR) is currently 27.70%.
Insiders Place Their Bets
In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.12, for a total transaction of $7,441,560.00. Following the sale, the insider directly owned 51,169,435 shares of the company’s stock, valued at approximately $6,044,133,662.20. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 744,916 shares of company stock worth $87,118,632 in the last 90 days. 0.80% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Barclays cut their target price on Aflac from $99.00 to $98.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 7th. Mizuho set a $112.00 target price on Aflac in a research report on Thursday, July 9th. Morgan Stanley increased their price target on shares of Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded shares of Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $108.00 target price (up from $100.00) on shares of Aflac in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $114.50.
Read Our Latest Report on Aflac
About Aflac
Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.
Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.
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