Huntington National Bank Has $25.67 Million Holdings in Aflac Incorporated $AFL

Huntington National Bank lessened its stake in Aflac Incorporated (NYSE:AFL) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 232,744 shares of the financial services provider’s stock after selling 6,781 shares during the quarter. Huntington National Bank’s holdings in Aflac were worth $25,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Navalign LLC acquired a new position in Aflac during the fourth quarter worth $32,000. Darwin Wealth Management LLC acquired a new position in Aflac during the second quarter worth $33,000. Activest Wealth Management boosted its holdings in Aflac by 95.6% during the fourth quarter. Activest Wealth Management now owns 311 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 152 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in Aflac by 100.0% during the third quarter. Westside Investment Management Inc. now owns 324 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 162 shares during the last quarter. Finally, Park Square Financial Group LLC boosted its holdings in Aflac by 80.6% during the fourth quarter. Park Square Financial Group LLC now owns 354 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Aflac from $113.00 to $115.00 and gave the stock a “market perform” rating in a report on Friday, April 10th. Weiss Ratings upgraded shares of Aflac from a “buy (b-)” rating to a “buy (a-)” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company reduced their target price on shares of Aflac from $116.00 to $111.00 and set an “equal weight” rating for the company in a report on Tuesday, May 5th. Finally, Barclays set a $99.00 target price on shares of Aflac and gave the stock an “underweight” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $112.27.

Aflac Stock Performance

Shares of AFL stock opened at $114.81 on Thursday. The stock has a market cap of $58.43 billion, a P/E ratio of 13.03, a P/E/G ratio of 2.05 and a beta of 0.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. The company has a fifty day moving average price of $112.93 and a two-hundred day moving average price of $111.79. Aflac Incorporated has a one year low of $96.95 and a one year high of $119.81.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. As a group, equities analysts predict that Aflac Incorporated will post 7.08 EPS for the current year.

Aflac Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be paid a $0.61 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. Aflac’s dividend payout ratio (DPR) is currently 27.70%.

Insider Activity

In other Aflac news, Director Arthur Reginald Collins sold 2,300 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $116.55, for a total value of $268,065.00. Following the completion of the sale, the director owned 6,186 shares in the company, valued at $720,978.30. This trade represents a 27.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven Kent Beaver sold 5,508 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $117.81, for a total transaction of $648,897.48. Following the completion of the sale, the executive vice president owned 40,537 shares of the company’s stock, valued at approximately $4,775,663.97. This represents a 11.96% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 881,036 shares of company stock worth $99,703,131. 0.80% of the stock is 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.