Bryn Mawr Trust Advisors LLC Makes New Investment in Aflac Incorporated $AFL

Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Aflac Incorporated (NYSE:AFL) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 4,814 shares of the financial services provider’s stock, valued at approximately $528,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in Aflac in the 4th quarter valued at $25,000. Whipplewood Advisors LLC acquired a new position in Aflac during the 1st quarter worth $25,000. Nalls Sherbakoff Group LLC bought a new stake in Aflac during the fourth quarter valued at about $29,000. Navalign LLC bought a new stake in Aflac during the fourth quarter valued at about $32,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Aflac in the second quarter valued at about $33,000. Institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling at Aflac

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $116.71, for a total value of $3,249,789.95. Following the sale, the insider owned 50,898,490 shares of the company’s stock, valued at approximately $5,940,362,767.90. This represents a 0.05% decrease in their position. The transaction was disclosed in a document filed 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. Also, Director Joseph L. Moskowitz sold 12,370 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $116.54, for a total transaction of $1,441,599.80. Following the sale, the director directly owned 33,310 shares in the company, valued at $3,881,947.40. This represents a 27.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 744,916 shares of company stock worth $87,118,632 in the last 90 days. 0.80% of the stock is owned by corporate insiders.

Aflac Trading Down 0.9%

Aflac stock opened at $120.97 on Thursday. The business has a 50 day moving average price of $117.40 and a two-hundred day moving average price of $113.54. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.26. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $124.00. The stock has a market cap of $61.57 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 2.14 and a beta of 0.61.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.05). Aflac had a net margin of 25.60% and a return on equity of 13.88%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm earned $1.66 EPS. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. As a group, equities analysts forecast that Aflac Incorporated will post 7.07 EPS for the current year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.0%. Aflac’s dividend payout ratio (DPR) is presently 27.70%.

Wall Street Analysts Forecast Growth

AFL has been the topic of a number of recent analyst reports. UBS Group reiterated a “neutral” rating and issued a $124.00 price objective (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $130.00 target price (up from $125.00) on shares of Aflac in a report on Tuesday, May 26th. Keefe, Bruyette & Woods lifted their price target on Aflac from $115.00 to $120.00 and gave the stock a “market perform” rating in a research report on Monday. Wall Street Zen upgraded Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Mizuho set a $112.00 price objective on Aflac in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Aflac has an average rating of “Hold” and an average price target of $114.50.

Aflac Company Profile

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.