Texas Capital Bank Wealth Management Services Inc Invests $801,000 in Aflac Incorporated $AFL

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Aflac Incorporated (NYSE:AFL) in the second quarter, HoldingsChannel reports. The institutional investor acquired 6,830 shares of the financial services provider’s stock, valued at approximately $801,000.

Other large investors also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in Aflac in the 1st quarter valued at $25,000. Groupe la Francaise acquired a new stake in shares of Aflac during the first quarter worth $25,000. Quarry LP acquired a new stake in shares of Aflac during the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Aflac in the fourth quarter valued at about $29,000. Finally, Evergreen Advisors LLC bought a new stake in shares of Aflac in the first quarter valued at about $29,000. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the topic of a number of analyst reports. UBS Group restated a “neutral” rating and set a $124.00 target price (up from $114.00) on shares of Aflac in a research report on Wednesday, July 8th. Wall Street Zen cut Aflac from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays restated 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. Piper Sandler reaffirmed an “overweight” rating and issued a $138.00 price objective (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Finally, Weiss Ratings downgraded Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Aflac has a consensus rating of “Hold” and a consensus target price of $117.58.

Aflac Trading Down 0.4%

Shares of AFL stock opened at $120.95 on Tuesday. Aflac Incorporated has a fifty-two week low of $104.66 and a fifty-two week high of $130.22. The stock’s fifty day moving average price is $121.47 and its two-hundred day moving average price is $115.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $60.64 billion, a PE ratio of 12.96, a P/E/G ratio of 1.96 and a beta of 0.60.

Aflac (NYSE:AFL) last posted its quarterly earnings results 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). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the firm posted $1.78 EPS. Aflac’s quarterly revenue was down 1.0% on a year-over-year basis. Equities analysts predict that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, August 19th. Aflac’s payout ratio is currently 26.15%.

Insider Buying and Selling

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.12, for a total transaction of $7,441,560.00. Following the completion of the transaction, the insider owned 51,169,435 shares of the company’s stock, valued at approximately $6,044,133,662.20. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 541,333 shares of company stock worth $63,345,006 over the last three months. 0.80% of the stock is currently owned by insiders.

About Aflac

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.