Principle Wealth Partners LLC Purchases New Holdings in Aflac Incorporated $AFL

by · The Markets Daily

Principle Wealth Partners LLC purchased a new stake in Aflac Incorporated (NYSE:AFLFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,456 shares of the financial services provider’s stock, valued at approximately $1,109,000.

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

Insider Activity at Aflac

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the company’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 sale, the insider owned 51,169,435 shares in the company, valued at approximately $6,044,133,662.20. The trade was a 0.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 541,333 shares of company stock worth $63,345,006 in the last quarter. 0.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AFL shares. Wells Fargo & Company increased their price objective on Aflac from $111.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Jefferies Financial Group restated a “hold” rating and set a $108.00 target price (up from $100.00) on shares of Aflac in a report on Friday, July 10th. Morgan Stanley upped their price target on shares of Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Weiss Ratings cut shares of Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Finally, UBS Group reissued a “neutral” rating and issued a $124.00 price objective (up from $114.00) on shares of Aflac in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $117.58.

View Our Latest Stock Analysis on AFL

Aflac Trading Down 0.4%

AFL opened at $120.95 on Tuesday. The company’s 50 day moving average is $121.47 and its 200-day moving average is $115.95. Aflac Incorporated has a 1-year low of $104.66 and a 1-year high of $130.22. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $60.64 billion, a P/E ratio of 12.96, a PEG ratio of 1.96 and a beta of 0.60.

Aflac (NYSE:AFLGet Free Report) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. Aflac’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts predict that Aflac Incorporated will post 7.04 earnings per share for the current fiscal year.

Aflac Announces Dividend

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

Aflac Profile

(Free Report)

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.

Further Reading

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