Aflac Incorporated $AFL Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB decreased its position in shares of Aflac Incorporated (NYSE:AFL) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 143,824 shares of the financial services provider’s stock after selling 4,690 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Aflac were worth $15,168,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AFL. AlphaCore Capital LLC bought a new stake in Aflac in the 1st quarter valued at about $28,000. Hilltop National Bank acquired a new position in Aflac during the 2nd quarter valued at about $32,000. Golden State Wealth Management LLC increased its stake in Aflac by 121.9% during the 1st quarter. Golden State Wealth Management LLC now owns 304 shares of the financial services provider’s stock valued at $34,000 after buying an additional 167 shares during the period. Groupe la Francaise acquired a new position in Aflac during the 1st quarter valued at about $34,000. Finally, Garde Capital Inc. acquired a new position in Aflac during the 1st quarter valued at about $36,000. 67.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Aflac 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 value of $102,570.00. Following the transaction, the director owned 25,105 shares in the company, valued at approximately $2,575,019.85. This represents a 3.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Evercore ISI set a $110.00 target price on Aflac and gave the company an “underperform” rating in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of Aflac from $105.00 to $107.00 and gave the stock an “equal weight” rating in a report on Monday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Aflac from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. UBS Group dropped their target price on shares of Aflac from $114.00 to $111.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Finally, Piper Sandler set a $125.00 target price on shares of Aflac and gave the stock an “overweight” rating in a report on Tuesday, October 7th. 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 company’s stock. According to data from MarketBeat.com, Aflac has a consensus rating of “Hold” and an average price target of $109.45.

Aflac Stock Down 0.7%

Aflac stock opened at $110.21 on Tuesday. The firm has a market cap of $58.94 billion, a PE ratio of 24.99, a P/E/G ratio of 3.08 and a beta of 0.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11. The firm’s 50 day moving average price is $107.78 and its two-hundred day moving average price is $105.45. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $115.44.

Aflac (NYSE:AFL) last released its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.07 earnings per share for the quarter. The firm had revenue of $5.91 billion for the quarter. Aflac had a net margin of 15.32% and a return on equity of 15.08%. On average, research analysts predict that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac declared that its Board of Directors has approved a stock buyback program on Tuesday, August 12th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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 $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, August 20th. Aflac’s dividend payout ratio is currently 52.61%.

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.