HBK Sorce Advisory LLC Acquires New Shares in Aflac Incorporated $AFL

HBK Sorce Advisory LLC acquired a new position in shares of Aflac Incorporated (NYSE:AFL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,910 shares of the financial services provider’s stock, valued at approximately $993,000.

A number of other institutional investors also recently bought and sold shares of AFL. Brighton Jones LLC grew its stake in Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after acquiring an additional 5,708 shares during the last quarter. Bison Wealth LLC raised its position in Aflac by 4.3% during the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 183 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Aflac in the second quarter valued at about $280,000. Sei Investments Co. grew its position in shares of Aflac by 11.2% in the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock valued at $15,854,000 after purchasing an additional 15,105 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its position in shares of Aflac by 1.6% in the second quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 192 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Aflac Stock Down 0.1%

AFL stock opened at $121.38 on Monday. The company has a 50 day moving average price of $121.36 and a two-hundred day moving average price of $115.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $60.85 billion, a P/E ratio of 13.01, a PEG ratio of 1.96 and a beta of 0.60. Aflac Incorporated has a one year low of $104.66 and a one year high of $130.22.

Aflac (NYSE:AFL) last posted 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 business had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.Aflac’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter 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 year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be given a dividend of $0.61 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.44 annualized dividend and a yield of 2.0%. Aflac’s dividend payout ratio is 26.15%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen downgraded Aflac from a “hold” rating to a “sell” rating in a research report on Saturday. TD Cowen reissued a “hold” rating and set a $110.00 price target (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. Piper Sandler reissued an “overweight” rating and issued a $138.00 price target (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Keefe, Bruyette & Woods upped their price objective on Aflac from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Tuesday, August 11th. Finally, UBS Group reaffirmed a “neutral” rating and set a $124.00 price objective (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Aflac currently has a consensus rating of “Hold” and a consensus price target of $117.58.

Insider Transactions at Aflac

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of Aflac stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $116.71, for a total value of $3,249,789.95. Following the completion of the sale, the insider owned 50,898,490 shares in the company, valued at $5,940,362,767.90. The trade was a 0.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph L. Moskowitz sold 600 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $124.10, for a total transaction of $74,460.00. Following the transaction, the director directly owned 32,710 shares of the company’s stock, valued at approximately $4,059,311. This represents a 1.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 578,333 shares of company stock worth $67,710,836. 0.80% of the stock is owned by corporate insiders.

Aflac Profile

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.