Kinloch Capital LLC acquired a new position in Aflac Incorporated (NYSE:AFL – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 37,018 shares of the financial services provider’s stock, valued at approximately $4,340,000.
Several other institutional investors have also recently modified their holdings of AFL. Whipplewood Advisors LLC purchased a new position in shares of Aflac during the 1st quarter valued at about $25,000. Groupe la Francaise bought a new position in Aflac during the first quarter valued at approximately $25,000. Quarry LP bought a new position in Aflac during the fourth quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Aflac during the second quarter worth approximately $27,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of Aflac during the fourth quarter worth approximately $29,000. 67.44% of the stock is currently owned by institutional investors.
Aflac Stock Performance
Aflac stock opened at $118.19 on Tuesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The firm has a market cap of $59.25 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.87 and a beta of 0.60. Aflac Incorporated has a 1-year low of $104.66 and a 1-year high of $130.22. The firm has a 50-day moving average of $121.58 and a 200-day moving average of $116.19.
Aflac Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. Aflac’s payout ratio is 26.15%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on AFL shares. TD Cowen reaffirmed a “hold” rating and issued a $110.00 price objective (up from $101.00) on shares of Aflac in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Aflac from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Mizuho set a $116.00 target price on Aflac in a report on Monday, August 10th. Finally, Weiss Ratings raised Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Aflac presently has an average rating of “Hold” and an average target price of $116.62.
Read Our Latest Stock Report on AFL
Insider Activity
In related news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.12, for a total transaction of $7,441,560.00. Following the completion of the transaction, the insider owned 51,169,435 shares in the company, valued at $6,044,133,662.20. This represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 492,725 shares of company stock worth $57,777,403 over the last 90 days. 0.80% of the stock is currently owned by insiders.
Aflac Profile
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.
Further Reading
- Five stocks we like better than Aflac
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aflac Incorporated (NYSE:AFL – Free Report).
Receive News & Ratings for Aflac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac and related companies with MarketBeat.com's FREE daily email newsletter.
