Aflac Incorporated $AFL Shares Sold by RFG Advisory LLC

RFG Advisory LLC cut its holdings in shares of Aflac Incorporated (NYSE:AFL) by 39.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,252 shares of the financial services provider’s stock after selling 6,546 shares during the quarter. RFG Advisory LLC’s holdings in Aflac were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Archer Investment Corp purchased a new position in shares of Aflac during the 2nd quarter worth about $26,000. Quarry LP purchased a new stake in Aflac in the fourth quarter valued at approximately $25,000. Groupe la Francaise acquired a new position in Aflac during the first quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in Aflac during the second quarter worth approximately $27,000. Finally, Whipplewood Advisors LLC purchased a new position in Aflac during the first quarter worth approximately $25,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Aflac Stock Performance

Aflac stock opened at $115.28 on Friday. The stock’s 50 day moving average price is $121.08 and its 200 day moving average price is $116.31. The firm has a market capitalization of $57.79 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. Aflac Incorporated has a one year low of $105.43 and a one year high of $130.22.

Aflac (NYSE:AFL) last issued 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). The firm had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $1.78 EPS. As a group, sell-side analysts expect that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.44 annualized dividend and a yield of 2.1%. Aflac’s payout ratio is 26.15%.

Insiders Place Their Bets

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $117.39, for a total transaction of $3,521,700.00. Following the completion of the sale, the insider directly owned 50,955,935 shares in the company, valued at $5,981,717,209.65. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 375,815 shares of company stock valued at $44,190,500. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

AFL has been the topic of a number of research analyst reports. Wells Fargo & Company set a $122.00 price target on shares of Aflac and gave the company an “equal weight” rating in a report on Wednesday, August 19th. TD Cowen reaffirmed a “hold” rating and issued a $110.00 target price (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. Piper Sandler reiterated an “overweight” rating and issued a $138.00 target price (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Mizuho set a $116.00 price target on Aflac in a research report on Monday, August 10th. Finally, UBS Group restated 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 issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $116.62.

About Aflac

Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.

Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.

Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.