Fifth Third Wealth Advisors LLC Sells 812 Shares of Aflac Incorporated $AFL

Fifth Third Wealth Advisors LLC cut its stake in shares of Aflac Incorporated (NYSE:AFL) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,953 shares of the financial services provider’s stock after selling 812 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Aflac were worth $1,577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaCore Capital LLC bought a new stake in shares of Aflac during the first quarter valued at about $28,000. Hilltop National Bank bought a new position in shares of Aflac in the second quarter worth approximately $32,000. Golden State Wealth Management LLC increased its position 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 worth $34,000 after purchasing an additional 167 shares during the last quarter. Groupe la Francaise bought a new position in shares of Aflac in the first quarter worth approximately $34,000. Finally, Garde Capital Inc. bought a new position in shares of Aflac in the first quarter worth approximately $36,000. 67.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AFL shares. UBS Group decreased their price objective on shares of Aflac from $114.00 to $111.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Barclays restated an “underweight” rating and issued a $102.00 price objective (up from $100.00) on shares of Aflac in a research report on Wednesday. Piper Sandler set a $125.00 price objective on shares of Aflac and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Aflac from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Aflac from $108.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Aflac presently has a consensus rating of “Hold” and a consensus target price of $109.45.

Insider Buying and Selling at Aflac

In other news, Director Joseph L. Moskowitz sold 1,000 shares of the stock in a transaction that occurred on 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 sale, the director owned 25,105 shares of the company’s stock, valued at approximately $2,575,019.85. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Aflac Stock Down 0.4%

Shares of NYSE AFL opened at $110.78 on Friday. Aflac Incorporated has a one year low of $96.95 and a one year high of $115.44. 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 firm’s 50 day simple moving average is $107.55 and its two-hundred day simple moving average is $105.48. The stock has a market capitalization of $59.25 billion, a P/E ratio of 25.12, a PEG ratio of 3.08 and a beta of 0.86.

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

Aflac Dividend Announcement

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

Aflac announced that its board has authorized a share repurchase plan on Tuesday, August 12th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

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.