Insigneo Advisory Services LLC Has $251,000 Holdings in Aflac Incorporated $AFL

Insigneo Advisory Services LLC lessened its stake in shares of Aflac Incorporated (NYSE:AFL) by 42.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,376 shares of the financial services provider’s stock after selling 1,758 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Aflac were worth $251,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. AG2R LA Mondiale Gestion D Actifs acquired a new position in Aflac during the 1st quarter worth $2,070,000. Belpointe Asset Management LLC acquired a new position in shares of Aflac in the 1st quarter valued at $551,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Aflac by 4.8% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 140,874 shares of the financial services provider’s stock valued at $14,857,000 after purchasing an additional 6,400 shares during the period. Assetmark Inc. boosted its position in shares of Aflac by 8.2% in the 2nd quarter. Assetmark Inc. now owns 1,652,500 shares of the financial services provider’s stock worth $174,273,000 after purchasing an additional 124,706 shares during the last quarter. Finally, S&CO Inc. grew its stake in shares of Aflac by 1.3% during the second quarter. S&CO Inc. now owns 84,270 shares of the financial services provider’s stock worth $8,887,000 after purchasing an additional 1,100 shares during the period. 67.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Aflac from $100.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. UBS Group reduced their price objective on shares of Aflac from $114.00 to $111.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Aflac from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Barclays reiterated an “underweight” rating and issued a $104.00 target price (up from $102.00) on shares of Aflac in a report on Wednesday, November 5th. Finally, Evercore ISI boosted their price target on shares of Aflac from $110.00 to $111.00 and gave the company an “underperform” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.00.

Aflac Stock Performance

Shares of AFL opened at $110.66 on Thursday. The firm has a market cap of $58.00 billion, a P/E ratio of 25.09, a PEG ratio of 2.93 and a beta of 0.83. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $115.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11. The firm’s 50 day moving average price is $110.21 and its two-hundred day moving average price is $106.20.

Aflac (NYSE:AFL) last issued its quarterly earnings data 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 net margin of 15.32% and a return on equity of 15.08%. On average, analysts forecast that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, February 18th. This is a boost from Aflac’s previous quarterly dividend of $0.58. Aflac’s payout ratio is currently 31.85%.

Aflac declared that its board has approved a share repurchase program on Tuesday, August 12th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Aflac

In other Aflac news, EVP Frederic Jean Guy Simard sold 1,722 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $112.50, for a total value of $193,725.00. Following the transaction, the executive vice president directly owned 1,364 shares of the company’s stock, valued at $153,450. This represents a 55.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph L. Moskowitz sold 786 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $113.75, for a total transaction of $89,407.50. Following the transaction, the director owned 24,829 shares in the company, valued at approximately $2,824,298.75. The trade was a 3.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,822 shares of company stock worth $2,571,002 over the last quarter. 0.90% of the stock is currently owned by 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.