Captrust Financial Advisors Buys 10,462 Shares of Aflac Incorporated $AFL

Captrust Financial Advisors grew its stake in shares of Aflac Incorporated (NYSE:AFL) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,171,112 shares of the financial services provider’s stock after acquiring an additional 10,462 shares during the quarter. Captrust Financial Advisors’ holdings in Aflac were worth $129,138,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. &PARTNERS lifted its position in shares of Aflac by 4.6% during the 4th quarter. &PARTNERS now owns 585,417 shares of the financial services provider’s stock valued at $64,558,000 after acquiring an additional 25,918 shares during the period. Blair William & Co. IL lifted its position in shares of Aflac by 12.1% during the 4th quarter. Blair William & Co. IL now owns 19,200 shares of the financial services provider’s stock worth $2,117,000 after buying an additional 2,073 shares during the last quarter. Graham Capital Management L.P. bought a new stake in shares of Aflac during the 4th quarter worth $1,235,000. Berkshire Asset Management LLC PA lifted its position in shares of Aflac by 46.8% during the 4th quarter. Berkshire Asset Management LLC PA now owns 3,160 shares of the financial services provider’s stock worth $348,000 after buying an additional 1,008 shares during the last quarter. Finally, Opal Capital LLC bought a new stake in shares of Aflac during the 4th quarter worth $1,081,000. 67.44% of the stock is currently owned by institutional investors.

Insider Transactions at Aflac

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 166,000 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $112.38, for a total value of $18,655,080.00. Following the completion of the transaction, the insider owned 51,723,100 shares of the company’s stock, valued at $5,812,641,978. This represents a 0.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,009,956 shares of company stock valued at $115,897,719. 0.80% of the stock is owned by corporate insiders.

Aflac Price Performance

Shares of AFL opened at $117.38 on Wednesday. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $119.81. The business has a 50-day simple moving average of $114.95 and a two-hundred day simple moving average of $112.09. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.26. The stock has a market cap of $59.74 billion, a PE ratio of 13.32, a PEG ratio of 2.05 and a beta of 0.61.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). Aflac had a return on equity of 13.88% and a net margin of 25.60%.The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the company earned $1.66 EPS. Aflac’s revenue for the quarter was up 27.9% on a year-over-year basis. Analysts anticipate that Aflac Incorporated will post 7.08 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Aflac’s dividend payout ratio is presently 27.70%.

Analyst Upgrades and Downgrades

AFL has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on Aflac from $116.00 to $111.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Morgan Stanley upped their price objective on Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Weiss Ratings upgraded Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Evercore upgraded Aflac from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, Piper Sandler restated an “overweight” rating and set a $130.00 price objective (up from $125.00) on shares of Aflac in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Aflac has a consensus rating of “Hold” and an average target price of $112.27.

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.