Wealthspire Advisors LLC Has $1.19 Million Stake in Aflac Incorporated (NYSE:AFL)

Wealthspire Advisors LLC reduced its position in shares of Aflac Incorporated (NYSE:AFL) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,373 shares of the financial services provider’s stock after selling 491 shares during the period. Wealthspire Advisors LLC’s holdings in Aflac were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Aflac during the fourth quarter worth $197,820,000. Nordea Investment Management AB raised its stake in Aflac by 6.7% in the 1st quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider’s stock worth $155,140,000 after purchasing an additional 113,226 shares in the last quarter. Assetmark Inc. boosted its holdings in Aflac by 4.2% in the 4th quarter. Assetmark Inc. now owns 1,577,319 shares of the financial services provider’s stock valued at $130,129,000 after purchasing an additional 64,202 shares during the period. Captrust Financial Advisors boosted its holdings in Aflac by 0.7% in the 1st quarter. Captrust Financial Advisors now owns 980,236 shares of the financial services provider’s stock valued at $84,163,000 after purchasing an additional 7,163 shares during the period. Finally, LPL Financial LLC grew its position in shares of Aflac by 3.8% during the 2nd quarter. LPL Financial LLC now owns 902,461 shares of the financial services provider’s stock worth $80,599,000 after purchasing an additional 32,934 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the transaction, the director now owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AFL shares. UBS Group boosted their price target on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Wells Fargo & Company upped their target price on Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Jefferies Financial Group decreased their price target on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Morgan Stanley upped their price objective on shares of Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Aflac from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $92.50.

Aflac Trading Up 0.6 %

Shares of NYSE AFL opened at $108.59 on Monday. The stock has a market cap of $60.81 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95. Aflac Incorporated has a 52-week low of $74.89 and a 52-week high of $111.14. The firm has a 50 day moving average price of $101.04 and a two-hundred day moving average price of $91.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.23. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.10 billion. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 EPS. As a group, equities analysts forecast that Aflac Incorporated will post 6.75 EPS for the current year.

Aflac Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 1.84%. Aflac’s dividend payout ratio (DPR) is presently 22.08%.

Aflac Company Profile

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.