Carson Advisory Inc. Has $1.29 Million Holdings in Aflac Incorporated (NYSE:AFL)

Carson Advisory Inc. cut its position in Aflac Incorporated (NYSE:AFL) by 1.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 11,640 shares of the financial services provider’s stock after selling 193 shares during the period. Aflac makes up about 0.9% of Carson Advisory Inc.’s investment portfolio, making the stock its 29th largest position. Carson Advisory Inc.’s holdings in Aflac were worth $1,294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock worth $1,507,000 after purchasing an additional 5,708 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Aflac in the 4th quarter worth about $192,000. Madison Investment Advisors LLC purchased a new stake in Aflac in the 4th quarter worth about $439,000. Envestnet Portfolio Solutions Inc. grew its holdings in Aflac by 3.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 27,717 shares of the financial services provider’s stock valued at $2,867,000 after buying an additional 876 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Aflac by 3.8% during the 4th quarter. Harbour Investments Inc. now owns 5,629 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 204 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Aflac

In other Aflac news, Director Arthur Reginald Collins sold 2,750 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $105.70, for a total transaction of $290,675.00. Following the sale, the director owned 6,728 shares in the company, valued at approximately $711,149.60. The trade was a 29.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph L. Moskowitz sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $106.79, for a total value of $106,790.00. Following the sale, the director owned 26,096 shares in the company, valued at approximately $2,786,791.84. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,750 shares of company stock worth $4,304,295. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company set a $105.00 price target on Aflac and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Raymond James Financial dropped their price target on Aflac from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, May 29th. UBS Group raised their price target on Aflac from $109.00 to $114.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price target on Aflac from $104.00 to $106.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their price target on Aflac from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Aflac presently has a consensus rating of “Hold” and an average price target of $107.07.

Aflac Trading Up 0.0%

Shares of NYSE AFL opened at $101.47 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $103.41 and a two-hundred day simple moving average of $105.18. The firm has a market cap of $54.86 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 3.14 and a beta of 0.81. Aflac Incorporated has a twelve month low of $92.44 and a twelve month high of $115.50.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.01). The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $4.53 billion. Aflac had a net margin of 21.27% and a return on equity of 15.55%. The company’s revenue for the quarter was down 37.5% on a year-over-year basis. During the same period last year, the firm earned $1.66 earnings per share. Analysts expect that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.58 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.32 annualized dividend and a yield of 2.29%. Aflac’s payout ratio is presently 36.25%.

Aflac Profile

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.