Invictus Private Wealth LLC Sells 504 Shares of Aflac Incorporated $AFL

Invictus Private Wealth LLC lessened its stake in shares of Aflac Incorporated (NYSE:AFL) by 13.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,298 shares of the financial services provider’s stock after selling 504 shares during the period. Invictus Private Wealth LLC’s holdings in Aflac were worth $348,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AFL. AlphaCore Capital LLC bought a new position in shares of Aflac in the first quarter worth about $28,000. Hilltop National Bank bought a new position in shares of Aflac in the second quarter worth about $32,000. Golden State Wealth Management LLC boosted its stake in shares of Aflac by 121.9% in the first quarter. Golden State Wealth Management LLC now owns 304 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 167 shares during the period. Groupe la Francaise bought a new position in shares of Aflac in the first quarter worth about $34,000. Finally, Garde Capital Inc. bought a new position in shares of Aflac in the first quarter worth about $36,000. Institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Wells Fargo & Company upped their price objective on Aflac from $105.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods upped their price objective on Aflac from $108.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Aflac in a research note on Wednesday. Finally, Evercore ISI set a $110.00 price target on Aflac and gave the company an “underperform” rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.45.

Insider Activity

In other news, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $102.57, for a total value of $102,570.00. Following the completion of the sale, the director directly owned 25,105 shares of the company’s stock, valued at $2,575,019.85. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by insiders.

Aflac Price Performance

Shares of Aflac stock opened at $110.78 on Friday. The stock has a 50 day moving average of $107.55 and a 200 day moving average of $105.52. 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 PE ratio of 25.12, a PEG ratio of 3.08 and a beta of 0.86. 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 (NYSE:AFL) last posted its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter. The business had revenue of $5.91 billion during the quarter. Aflac had a return on equity of 15.08% and a net margin of 15.32%. On average, research analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 20th. Aflac’s dividend payout ratio (DPR) is presently 52.61%.

Aflac announced that its board has initiated a stock repurchase plan on Tuesday, August 12th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.