5,064 Shares in Aflac Incorporated $AFL Bought by one8zero8 LLC

one8zero8 LLC purchased a new stake in shares of Aflac Incorporated (NYSE:AFL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,064 shares of the financial services provider’s stock, valued at approximately $594,000.

Several other institutional investors have also bought and sold shares of the business. Whipplewood Advisors LLC bought a new stake in shares of Aflac in the 1st quarter worth about $25,000. Groupe la Francaise bought a new position in shares of Aflac in the 1st quarter valued at about $25,000. Quarry LP bought a new position in shares of Aflac in the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC purchased a new position in Aflac in the fourth quarter worth about $29,000. Finally, Evergreen Advisors LLC purchased a new position in Aflac in the first quarter worth about $29,000. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the topic of several analyst reports. Wells Fargo & Company set a $122.00 price objective on Aflac and gave the stock an “equal weight” rating in a research note on Wednesday. Morgan Stanley raised their price objective on Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Wolfe Research initiated coverage on Aflac in a report on Wednesday. They issued an “underperform” rating and a $103.00 target price for the company. Barclays restated an “underweight” rating and set a $99.00 price target (up from $98.00) on shares of Aflac in a report on Friday, August 7th. Finally, Keefe, Bruyette & Woods raised their price target on Aflac from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $116.62.

Insider Buying and Selling

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 13,900 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $121.33, for a total transaction of $1,686,487.00. Following the completion of the transaction, the insider owned 50,844,690 shares in the company, valued at $6,168,986,237.70. The trade was a 0.03% decrease in their position. The transaction 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. Also, Director Joseph L. Moskowitz sold 600 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $124.10, for a total value of $74,460.00. Following the completion of the transaction, the director directly owned 32,710 shares in the company, valued at $4,059,311. This trade represents a 1.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 507,333 shares of company stock valued at $59,450,256 over the last three months. 0.80% of the stock is owned by corporate insiders.

Aflac Stock Performance

Aflac stock opened at $116.48 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. Aflac Incorporated has a 1-year low of $104.66 and a 1-year high of $130.22. The firm has a market capitalization of $58.40 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 1.96 and a beta of 0.60. The company’s 50-day moving average is $121.59 and its 200 day moving average is $116.09.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (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 firm had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the business earned $1.78 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts forecast that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Aflac’s dividend payout ratio (DPR) is currently 26.15%.

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.