Aflac Incorporated $AFL Stock: Rainey & Randall Wealth Advisors Inc. Trims Holdings

Rainey & Randall Wealth Advisors Inc. reduced its position in Aflac Incorporated (NYSE:AFL) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,609 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Aflac comprises about 0.4% of Rainey & Randall Wealth Advisors Inc.’s portfolio, making the stock its 25th largest position. Rainey & Randall Wealth Advisors Inc.’s holdings in Aflac were worth $2,863,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of Aflac during the 1st quarter worth approximately $25,000. Groupe la Francaise acquired a new position in Aflac during the first quarter valued at approximately $25,000. Archer Investment Corp acquired a new position in Aflac during the second quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Aflac during the second quarter valued at approximately $27,000. Finally, Evergreen Advisors LLC bought a new stake in Aflac during the first quarter worth $29,000. 67.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Evercore raised their target price on Aflac from $109.00 to $115.00 and gave the company an “underperform” rating in a report on Monday, July 13th. UBS Group restated a “neutral” rating and set a $125.00 price objective (up from $124.00) on shares of Aflac in a research report on Tuesday, October 6th. Weiss Ratings downgraded Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, October 20th. Raymond James Financial raised their price objective on Aflac from $119.00 to $123.00 in a research note on Wednesday, August 26th. Finally, Jefferies Financial Group lifted their target price on Aflac from $108.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Aflac has an average rating of “Hold” and an average target price of $117.20.

Aflac Stock Performance

NYSE AFL opened at $120.95 on Tuesday. The company has a market capitalization of $60.64 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.90 and a beta of 0.56. Aflac Incorporated has a twelve month low of $105.43 and a twelve month high of $130.22. The stock has a fifty day simple moving average of $116.39 and a 200 day simple moving average of $115.50. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last announced its earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.01). The company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 earnings per share. Sell-side analysts expect that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were paid a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.44 annualized dividend and a dividend yield of 2.0%. Aflac’s dividend payout ratio is presently 26.15%.

Insider Buying and Selling at Aflac

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 113,611 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $118.53, for a total transaction of $13,466,311.83. Following the completion of the transaction, the insider directly owned 50,134,329 shares in the company, valued at $5,942,422,016.37. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 713,662 shares of company stock valued at $83,323,978 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

Aflac Company Profile

Aflac Incorporated (NYSE:AFL) is an insurance company specializing in supplemental health and life insurance. Through its policies, the company helps individuals and families manage expenses that may not be fully covered by major medical insurance, including deductibles, copayments and other out-of-pocket costs.

Aflac offers products such as accident, cancer, critical illness, hospital indemnity, dental and vision, disability, life and long-term care insurance. Many of its supplemental policies provide cash benefits directly to policyholders, who can generally use the funds according to their individual needs.