AdvisorNet Financial Inc Has $37,000 Holdings in Aflac Incorporated $AFL

AdvisorNet Financial Inc lessened its position in shares of Aflac Incorporated (NYSE:AFL) by 51.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 347 shares of the financial services provider’s stock after selling 362 shares during the period. AdvisorNet Financial Inc’s holdings in Aflac were worth $37,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. AG2R LA Mondiale Gestion D Actifs bought a new stake in Aflac in the 1st quarter valued at $2,070,000. Belpointe Asset Management LLC bought a new stake in shares of Aflac in the first quarter valued at about $551,000. Golden State Wealth Management LLC grew its stake in shares of Aflac by 121.9% in the first quarter. Golden State Wealth Management LLC now owns 304 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 167 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Aflac by 11.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 32,982 shares of the financial services provider’s stock valued at $3,478,000 after acquiring an additional 3,484 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Aflac in the 1st quarter worth about $2,626,000. Institutional investors own 67.44% of the company’s stock.

Aflac Trading Up 1.7%

Shares of AFL stock opened at $111.36 on Friday. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $115.50. The stock’s fifty day moving average price is $105.44 and its two-hundred day moving average price is $105.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $59.56 billion, a PE ratio of 25.25, a P/E/G ratio of 3.11 and a beta of 0.85.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a return on equity of 15.08% and a net margin of 15.32%.Aflac’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.83 EPS. Equities analysts predict that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac declared that its Board of Directors has approved a share buyback plan on Tuesday, August 12th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Aflac Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.32 annualized dividend and a dividend yield of 2.1%. Aflac’s payout ratio is 52.61%.

Insider Transactions at Aflac

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $102.57, for a total value of $102,570.00. Following the completion of the transaction, the director owned 25,105 shares of the company’s stock, valued at $2,575,019.85. This represents a 3.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AFL. Keefe, Bruyette & Woods raised their target price on shares of Aflac from $106.00 to $108.00 and gave the stock a “market perform” rating in a report on Monday, August 11th. Wall Street Zen upgraded Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Barclays set a $98.00 price objective on Aflac and gave the company an “underweight” rating in a report on Monday, July 7th. Morgan Stanley increased their target price on Aflac from $108.00 to $113.00 and gave the stock an “equal weight” rating in a report on Monday, August 18th. Finally, Evercore ISI restated an “underperform” rating and issued a $106.00 price target (up previously from $105.00) on shares of Aflac in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $109.15.

Aflac Company 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.