Bryn Mawr Trust Advisors LLC Takes $575,000 Position in Aflac Incorporated $AFL

Bryn Mawr Trust Advisors LLC purchased a new position in shares of Aflac Incorporated (NYSE:AFL) during the second quarter, HoldingsChannel reports. The firm purchased 4,904 shares of the financial services provider’s stock, valued at approximately $575,000.

Several other large investors have also recently added to or reduced their stakes in AFL. Plan Group Financial LLC acquired a new stake in Aflac in the second quarter valued at about $312,000. Laraway Financial Advisors Inc acquired a new position in Aflac during the 2nd quarter worth approximately $399,000. Regent Peak Wealth Advisors LLC purchased a new position in shares of Aflac during the 2nd quarter worth approximately $208,000. Annex Advisory Services LLC raised its stake in shares of Aflac by 3.0% during the 2nd quarter. Annex Advisory Services LLC now owns 13,237 shares of the financial services provider’s stock worth $1,552,000 after buying an additional 385 shares in the last quarter. Finally, Tema ETFs LLC lifted its holdings in shares of Aflac by 9.6% in the 2nd quarter. Tema ETFs LLC now owns 8,295 shares of the financial services provider’s stock valued at $973,000 after buying an additional 725 shares during the period. 67.44% of the stock is owned by hedge funds and other institutional investors.

Aflac Stock Up 0.2%

Aflac stock opened at $121.38 on Friday. Aflac Incorporated has a fifty-two week low of $104.66 and a fifty-two week high of $130.22. The firm has a market capitalization of $60.85 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 1.95 and a beta of 0.60. The stock’s fifty day moving average is $121.36 and its two-hundred day moving average is $115.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.12.

Aflac (NYSE:AFL) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Aflac’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts predict that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.61 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a yield of 2.0%. Aflac’s payout ratio is presently 26.15%.

Insider Transactions at Aflac

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.12, for a total value of $7,441,560.00. Following the sale, the insider owned 51,169,435 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 620,033 shares of company stock worth $72,650,201 in the last ninety days. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. TD Cowen restated a “hold” rating and issued a $110.00 price target (up from $101.00) on shares of Aflac in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods raised their target price on Aflac from $120.00 to $125.00 and gave the company a “market perform” rating in a report on Tuesday. Mizuho set a $116.00 target price on shares of Aflac in a research report on Monday. Weiss Ratings lowered shares of Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Finally, UBS Group reaffirmed a “neutral” rating and set a $124.00 price target (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. One 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.58.

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.