Bryn Mawr Trust Advisors LLC Invests $575,000 in Aflac Incorporated $AFL

Bryn Mawr Trust Advisors LLC acquired a new stake in Aflac Incorporated (NYSE:AFL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,904 shares of the financial services provider’s stock, valued at approximately $575,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AFL. Stephens Inc. AR increased its stake in Aflac by 0.4% in the fourth quarter. Stephens Inc. AR now owns 21,945 shares of the financial services provider’s stock valued at $2,420,000 after purchasing an additional 91 shares during the last quarter. Compound Planning Inc. lifted its position in shares of Aflac by 0.7% during the 1st quarter. Compound Planning Inc. now owns 13,743 shares of the financial services provider’s stock worth $1,508,000 after buying an additional 91 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Aflac by 4.5% in the 4th quarter. Root Financial Partners LLC now owns 2,119 shares of the financial services provider’s stock valued at $234,000 after buying an additional 92 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Aflac by 0.5% in the 4th quarter. CENTRAL TRUST Co now owns 19,088 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 95 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its position in shares of Aflac by 1.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 7,702 shares of the financial services provider’s stock valued at $902,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

AFL has been the topic of several research analyst reports. UBS Group reiterated a “neutral” rating and set a $124.00 price target (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. Jefferies Financial Group restated a “hold” rating and issued a $108.00 price objective (up from $100.00) on shares of Aflac in a research note on Friday, July 10th. Wall Street Zen lowered Aflac from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley lifted their target price on Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Finally, Piper Sandler reissued an “overweight” rating and issued a $138.00 target price (up from $130.00) on shares of Aflac in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.58.

Aflac Stock Up 0.2%

AFL stock opened at $121.38 on Friday. The company has a fifty day moving average price of $121.36 and a 200 day moving average price of $115.82. Aflac Incorporated has a 12 month low of $104.66 and a 12 month high of $130.22. The company has a market cap of $60.85 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 1.95 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.11.

Aflac (NYSE:AFL) last issued its quarterly earnings data 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 business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 earnings per share. Sell-side analysts expect that Aflac Incorporated will post 7.04 earnings per share for the current year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.0%. Aflac’s dividend payout ratio (DPR) is currently 26.15%.

Insider Activity

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.12, for a total value of $7,441,560.00. Following the transaction, the insider owned 51,169,435 shares in the company, valued at $6,044,133,662.20. The trade was a 0.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 620,033 shares of company stock worth $72,650,201 over the last 90 days. Company insiders own 0.80% of the company’s stock.

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.