Stratos Wealth Partners LTD. Takes $907,000 Position in Aflac Incorporated (AFL)
Stratos Wealth Partners LTD. purchased a new stake in Aflac Incorporated (NYSE:AFL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,144 shares of the financial services provider’s stock, valued at approximately $907,000.
A number of other institutional investors also recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new position in Aflac in the 2nd quarter valued at $358,000. Keybank National Association OH grew its position in Aflac by 242.1% in the 2nd quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock valued at $9,960,000 after buying an additional 90,741 shares during the last quarter. New Amsterdam Partners LLC NY purchased a new position in Aflac in the 2nd quarter valued at $531,000. Delta Lloyd Asset Management N.V. purchased a new position in Aflac in the 2nd quarter valued at $3,306,000. Finally, Coho Partners Ltd. grew its position in Aflac by 85.3% in the 2nd quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock valued at $169,881,000 after buying an additional 1,006,477 shares during the last quarter. Institutional investors own 66.69% of the company’s stock.
Aflac Incorporated (NYSE:AFL) traded down $0.46 during trading hours on Friday, hitting $83.85. The stock had a trading volume of 1,476,394 shares, compared to its average volume of 1,786,466. The firm has a market cap of $33,240.00, a P/E ratio of 12.50, a PEG ratio of 2.49 and a beta of 1.00. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24. Aflac Incorporated has a fifty-two week low of $66.50 and a fifty-two week high of $85.70.
Aflac (NYSE:AFL) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. Aflac had a return on equity of 12.87% and a net margin of 12.49%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.74 EPS. equities analysts forecast that Aflac Incorporated will post 6.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Aflac’s previous quarterly dividend of $0.43. Aflac’s payout ratio is 26.12%.
Aflac announced that its board has approved a share repurchase program on Tuesday, August 8th that authorizes the company to buyback 40,000,000 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.
AFL has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $82.00 target price on Aflac and gave the company a “hold” rating in a report on Wednesday, October 25th. Citigroup Inc. downgraded Aflac from a “neutral” rating to a “sell” rating and reduced their target price for the company from $82.00 to $77.00 in a report on Tuesday, September 26th. Zacks Investment Research downgraded Aflac from a “buy” rating to a “hold” rating in a report on Monday, September 25th. The Goldman Sachs Group, Inc. initiated coverage on Aflac in a report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 target price for the company. Finally, B. Riley reissued a “neutral” rating on shares of Aflac in a report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $79.63.
In related news, Director Douglas Wayne Johnson sold 1,500 shares of Aflac stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total transaction of $125,370.00. Following the completion of the sale, the director now owns 13,733 shares in the company, valued at approximately $1,147,804.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Audrey B. Tillman sold 310 shares of Aflac stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.57, for a total value of $25,906.70. Following the sale, the insider now owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. Insiders have sold a total of 28,709 shares of company stock valued at $2,404,680 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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