14,205 Shares in Aflac Incorporated $AFL Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC bought a new stake in Aflac Incorporated (NYSE:AFL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 14,205 shares of the financial services provider’s stock, valued at approximately $1,666,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Aflac during the fourth quarter worth $25,000. Groupe la Francaise purchased a new stake in Aflac during the 1st quarter worth about $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Aflac in the 2nd quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new position in shares of Aflac in the 1st quarter valued at about $25,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Aflac during the fourth quarter worth about $29,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the business’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 value of $7,441,560.00. Following the transaction, the insider owned 51,169,435 shares of the company’s stock, valued at approximately $6,044,133,662.20. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 498,625 shares of company stock worth $58,523,683 over the last 90 days. Company insiders own 0.80% of the company’s stock.

Aflac Stock Up 1.2%

Aflac stock opened at $117.53 on Thursday. The company has a market capitalization of $58.92 billion, a P/E ratio of 12.60, a PEG ratio of 1.87 and a beta of 0.60. 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 fifty-two week low of $104.66 and a fifty-two week high of $130.22. The stock has a 50-day simple moving average of $121.58 and a 200-day simple moving average of $116.21.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.01). Aflac had a net margin of 26.91% and a return on equity of 13.27%. The firm had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period in the previous year, the company posted $1.78 earnings per share. Aflac’s revenue was down 1.0% compared to the same quarter last year. Equities research analysts expect that Aflac Incorporated will post 7.04 earnings per share for the current year.

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 is Wednesday, August 19th. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. Aflac’s dividend payout ratio is 26.15%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Aflac from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Barclays restated an “underweight” rating and issued a $99.00 price objective (up from $98.00) on shares of Aflac in a report on Friday, August 7th. TD Cowen reissued a “hold” rating and issued a $110.00 target price (up from $101.00) on shares of Aflac in a report on Wednesday, July 22nd. Weiss Ratings raised Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, August 21st. Finally, Mizuho set a $116.00 price objective on Aflac in a report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Aflac has an average rating of “Hold” and a consensus target price of $116.62.

About Aflac

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.