Stance Capital LLC Buys New Stake in Aflac Incorporated $AFL

by · The Cerbat Gem

Stance Capital LLC bought a new position in shares of Aflac Incorporated (NYSE:AFLFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,723 shares of the financial services provider’s stock, valued at approximately $1,342,000.

A number of other large investors have also recently bought and sold shares of AFL. B. Riley Wealth Advisors Inc. acquired a new stake in Aflac during the 2nd quarter valued at $363,000. Hudson Bay Capital Management LP grew its holdings in shares of Aflac by 668.3% during the second quarter. Hudson Bay Capital Management LP now owns 19,360 shares of the financial services provider’s stock worth $2,042,000 after purchasing an additional 16,840 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Aflac in the second quarter valued at $145,000. Rexford Capital Inc. bought a new position in shares of Aflac in the second quarter valued at about $801,000. Finally, Parr Mcknight Wealth Management Group LLC lifted its position in Aflac by 5.8% during the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 52,855 shares of the financial services provider’s stock worth $5,574,000 after buying an additional 2,900 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on AFL shares. Morgan Stanley raised their price target on shares of Aflac from $113.00 to $118.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Weiss Ratings restated a “buy (b)” rating on shares of Aflac in a research report on Monday, December 8th. Barclays reiterated an “underweight” rating and issued a $104.00 price target (up previously from $102.00) on shares of Aflac in a report on Wednesday, November 5th. Evercore ISI upped their target price on shares of Aflac from $110.00 to $111.00 and gave the company an “underperform” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company lifted their price target on shares of Aflac from $107.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Aflac has an average rating of “Hold” and an average target price of $111.00.

Check Out Our Latest Report on AFL

Aflac Price Performance

Shares of AFL stock opened at $110.10 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.30. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $115.83. The firm has a fifty day moving average of $110.02 and a 200-day moving average of $106.59. The firm has a market capitalization of $57.70 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 3.24 and a beta of 0.66.

Aflac (NYSE:AFLGet Free Report) last posted its earnings results on Monday, February 27th. The financial services provider reported $1.07 earnings per share for the quarter. Aflac had a return on equity of 14.97% and a net margin of 23.55%.The firm had revenue of $5.91 billion for the quarter. On average, equities research analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, February 18th. This is a positive change from Aflac’s previous quarterly dividend of $0.58. Aflac’s dividend payout ratio (DPR) is currently 30.29%.

Insider Activity at Aflac

In related news, EVP Steven Kent Beaver sold 3,452 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $109.26, for a total value of $377,165.52. Following the completion of the transaction, the executive vice president directly owned 43,860 shares of the company’s stock, valued at approximately $4,792,143.60. This represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Audrey B. Tillman sold 15,862 shares of Aflac stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $112.00, for a total value of $1,776,544.00. Following the completion of the sale, the executive vice president directly owned 230,688 shares in the company, valued at $25,837,056. This represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 26,274 shares of company stock worth $2,948,167. Corporate insiders own 0.90% of the company’s stock.

Aflac Profile

(Free Report)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

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