Cyndeo Wealth Partners LLC Buys 491 Shares of Aflac Incorporated $AFL

Cyndeo Wealth Partners LLC raised its stake in shares of Aflac Incorporated (NYSE:AFL) by 11.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,616 shares of the financial services provider’s stock after acquiring an additional 491 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Aflac were worth $487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. NorthRock Partners LLC boosted its position in Aflac by 1.5% during the 1st quarter. NorthRock Partners LLC now owns 6,519 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 95 shares in the last quarter. Valued Wealth Advisors LLC boosted its position in Aflac by 24.4% during the 1st quarter. Valued Wealth Advisors LLC now owns 495 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 97 shares in the last quarter. Duncan Williams Asset Management LLC boosted its position in shares of Aflac by 5.0% in the 2nd quarter. Duncan Williams Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 98 shares in the last quarter. Phillips Wealth Planners LLC boosted its position in shares of Aflac by 1.5% in the 1st quarter. Phillips Wealth Planners LLC now owns 6,653 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 100 shares in the last quarter. Finally, Stiles Financial Services Inc grew its stake in Aflac by 3.4% during the 2nd quarter. Stiles Financial Services Inc now owns 3,070 shares of the financial services provider’s stock worth $324,000 after buying an additional 100 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AFL has been the subject of a number of research analyst reports. Evercore ISI set a $110.00 price target on Aflac and gave the company an “underperform” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on Aflac from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price target on Aflac from $108.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday. Wells Fargo & Company raised their price target on Aflac from $105.00 to $107.00 and gave the stock an “equal weight” rating in a report on Monday, August 11th. Finally, Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $109.45.

Insider Buying and Selling at Aflac

In other Aflac news, Director Joseph L. Moskowitz sold 1,000 shares of Aflac stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $102.57, for a total transaction of $102,570.00. Following the completion of the transaction, the director owned 25,105 shares in the company, valued at approximately $2,575,019.85. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Aflac Stock Performance

Shares of AFL stock opened at $110.78 on Friday. The firm has a market capitalization of $59.25 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 3.08 and a beta of 0.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.11 and a quick ratio of 0.11. The business has a fifty day moving average of $107.55 and a 200 day moving average of $105.48. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $115.44.

Aflac (NYSE:AFL) last issued its earnings results on Monday, February 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter. The company had revenue of $5.91 billion during the quarter. Aflac had a return on equity of 15.08% and a net margin of 15.32%. As a group, research analysts expect that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were paid a $0.58 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.32 dividend on an annualized basis and a yield of 2.1%. Aflac’s dividend payout ratio (DPR) is 52.61%.

Aflac declared that its board has authorized a share buyback plan on Tuesday, August 12th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.