First International Bank & Trust Has $247,000 Holdings in Aflac Incorporated $AFL

First International Bank & Trust cut its stake in shares of Aflac Incorporated (NYSE:AFL) by 32.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,345 shares of the financial services provider’s stock after selling 1,136 shares during the period. First International Bank & Trust’s holdings in Aflac were worth $247,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. AlphaCore Capital LLC bought a new stake in shares of Aflac in the 1st quarter valued at $28,000. Golden State Wealth Management LLC raised its position 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 worth $34,000 after purchasing an additional 167 shares during the period. Groupe la Francaise acquired a new position in shares of Aflac during the first quarter valued at about $34,000. Garde Capital Inc. bought a new stake in Aflac during the 1st quarter worth approximately $36,000. Finally, Meeder Asset Management Inc. raised its position in Aflac by 90.8% in the 1st quarter. Meeder Asset Management Inc. now owns 330 shares of the financial services provider’s stock valued at $37,000 after buying an additional 157 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

AFL has been the subject of several research analyst reports. Barclays set a $98.00 target price on Aflac and gave the company an “underweight” rating in a research report on Monday, July 7th. Morgan Stanley lifted their price target on Aflac from $108.00 to $113.00 and gave the company an “equal weight” rating in a research report on Monday, August 18th. UBS Group lowered their target price 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 raised Aflac from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Raymond James Financial lowered their price target on Aflac from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, May 29th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $109.15.

Insider Transactions at Aflac

In other news, Director Joseph L. Moskowitz sold 1,000 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $102.57, for a total transaction of $102,570.00. Following the sale, the director directly owned 25,105 shares in the company, valued at approximately $2,575,019.85. This represents a 3.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by insiders.

Aflac Stock Performance

Shares of Aflac stock opened at $109.14 on Monday. The firm has a market capitalization of $58.37 billion, a P/E ratio of 24.75, a P/E/G ratio of 3.05 and a beta of 0.85. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.33. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $115.50. The business has a fifty day simple moving average of $104.09 and a two-hundred day simple moving average of $105.17.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.07. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a return on equity of 15.08% and a net margin of 15.32%.The company’s revenue was down 19.0% on a year-over-year basis. During the same period last year, the company earned $1.83 earnings per share. On average, equities analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac Announces Dividend

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

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