Richardson Financial Services Inc. Has $47,000 Holdings in Aflac Incorporated $AFL

Richardson Financial Services Inc. lowered its position in shares of Aflac Incorporated (NYSE:AFL) by 27.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447 shares of the financial services provider’s stock after selling 165 shares during the quarter. Richardson Financial Services Inc.’s holdings in Aflac were worth $47,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. AlphaCore Capital LLC acquired a new stake in shares of Aflac during the first quarter valued at approximately $28,000. Hilltop National Bank acquired a new stake in shares of Aflac during the second quarter valued at approximately $32,000. Golden State Wealth Management LLC raised its holdings in shares of Aflac by 121.9% during 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 during the period. Groupe la Francaise acquired a new stake in shares of Aflac during the first quarter valued at approximately $34,000. Finally, Garde Capital Inc. acquired a new stake in shares of Aflac during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Stock Performance

Shares of AFL opened at $110.78 on Friday. The company’s fifty day moving average is $107.55 and its 200-day moving average is $105.48. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $115.44. The firm has a market cap 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 quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.33.

Aflac (NYSE:AFL) last announced 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 company had revenue of $5.91 billion for the quarter. Equities analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, August 20th. This represents a $2.32 annualized dividend and a dividend yield of 2.1%. Aflac’s dividend payout ratio is 52.61%.

Aflac announced that its board has initiated a stock buyback program on Tuesday, August 12th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Aflac in a research note on Wednesday. Keefe, Bruyette & Woods upped their price objective on shares of Aflac from $108.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Aflac from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Morgan Stanley upped their price objective on shares of Aflac from $108.00 to $113.00 and gave the company an “equal weight” rating in a research note on Monday, August 18th. Finally, Barclays reiterated an “underweight” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Aflac in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $109.45.

Insider Activity at Aflac

In other news, Director Joseph L. Moskowitz sold 1,000 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $102.57, for a total transaction of $102,570.00. Following the transaction, the director owned 25,105 shares in the company, 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 SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

About Aflac

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.