18,408 Shares in Aflac Incorporated $AFL Acquired by Centaurus Financial Inc.

Centaurus Financial Inc. bought a new position in shares of Aflac Incorporated (NYSE:AFL) in the second quarter, HoldingsChannel.com reports. The firm bought 18,408 shares of the financial services provider’s stock, valued at approximately $2,158,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock worth $1,507,000 after acquiring an additional 5,708 shares in the last quarter. Bison Wealth LLC grew its stake in Aflac by 4.3% in the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 183 shares during the last quarter. WINTON GROUP Ltd bought a new position in Aflac in the second quarter worth about $280,000. Sei Investments Co. lifted its position in shares of Aflac by 11.2% during the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock valued at $15,854,000 after buying an additional 15,105 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Aflac by 1.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock valued at $1,261,000 after buying an additional 192 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Aflac Stock Performance

AFL opened at $116.45 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 12-month low of $104.66 and a 12-month high of $130.22. The firm has a 50 day moving average of $121.60 and a two-hundred day moving average of $116.21. The firm has a market capitalization of $58.38 billion, a PE ratio of 12.48, a P/E/G ratio of 1.89 and a beta of 0.60.

Aflac (NYSE:AFL) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The business had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the company earned $1.78 earnings per share. On average, analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Aflac’s dividend payout ratio is presently 26.15%.

Insider Activity

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 12,700 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $116.49, for a total value of $1,479,423.00. Following the completion of the transaction, the insider owned 50,765,590 shares of the company’s stock, valued at $5,913,683,579.10. The trade was a 0.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph L. Moskowitz sold 600 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $124.10, for a total value of $74,460.00. Following the completion of the sale, the director owned 32,710 shares in the company, valued at $4,059,311. The trade was a 1.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 502,125 shares of company stock worth $58,965,806 over the last ninety days. 0.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on AFL. Piper Sandler reiterated an “overweight” rating and set a $138.00 price objective (up from $130.00) on shares of Aflac in a research note on Monday, August 10th. TD Cowen reaffirmed a “hold” rating and issued a $110.00 price target (up from $101.00) on shares of Aflac in a report on Wednesday, July 22nd. Wall Street Zen downgraded Aflac from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Morgan Stanley upped their price target on Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Aflac from $117.00 to $116.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $116.62.

Aflac Company Profile

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.