Global Retirement Partners LLC Purchases Shares of 6,321 Aflac Incorporated $AFL

Global Retirement Partners LLC purchased a new position in shares of Aflac Incorporated (NYSE:AFL) during the second quarter, HoldingsChannel reports. The institutional investor purchased 6,321 shares of the financial services provider’s stock, valued at approximately $741,000.

Several other hedge funds have also made changes to their positions in the business. Whipplewood Advisors LLC acquired a new position in Aflac in the first quarter valued at $25,000. Groupe la Francaise purchased a new position in Aflac during the first quarter worth about $25,000. Quarry LP acquired a new stake in Aflac in the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Aflac in the 4th quarter worth about $29,000. Finally, Evergreen Advisors LLC purchased a new stake in Aflac in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Stock Performance

Shares of NYSE:AFL opened at $121.74 on Wednesday. The firm has a market capitalization of $61.03 billion, a PE ratio of 13.05, a P/E/G ratio of 1.96 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The business has a 50-day moving average of $121.60 and a two-hundred day moving average of $116.04. Aflac Incorporated has a 12 month low of $104.66 and a 12 month high of $130.22.

Aflac (NYSE:AFL) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). The firm had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business’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 earnings per share. As a group, research analysts forecast that Aflac Incorporated will post 7.04 earnings per share for the current year.

Aflac Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be issued a $0.61 dividend. 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 (DPR) is presently 26.15%.

Wall Street Analyst Weigh In

AFL has been the subject of a number of research analyst reports. Barclays reaffirmed an “underweight” rating and set a $99.00 price objective (up from $98.00) on shares of Aflac in a research note on Friday, August 7th. TD Cowen restated 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 lowered shares of Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. Keefe, Bruyette & Woods upped their price target on shares of Aflac from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $138.00 price target (up from $130.00) on shares of Aflac in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $117.58.

Insider Buying and Selling

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of Aflac stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $118.12, for a total transaction of $7,441,560.00. Following the transaction, the insider directly owned 51,169,435 shares of the company’s stock, valued at $6,044,133,662.20. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 523,833 shares of company stock valued at $61,339,113 in the last 90 days. Company insiders own 0.80% of the company’s stock.

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.