21,093 Shares in Aflac Incorporated $AFL Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC bought a new position in shares of Aflac Incorporated (NYSE:AFL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,093 shares of the financial services provider’s stock, valued at approximately $2,473,000.

A number of other large investors have also bought and sold shares of AFL. Quarry LP acquired a new position in shares of Aflac during the fourth quarter valued at about $25,000. Groupe la Francaise bought a new position in shares of Aflac during the 1st quarter worth about $25,000. Whipplewood Advisors LLC acquired a new stake in shares of Aflac in the 1st quarter valued at about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Aflac in the 4th quarter valued at about $29,000. Finally, Evergreen Advisors LLC bought a new stake in Aflac in the 1st quarter valued at about $29,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AFL shares. TD Cowen reaffirmed a “hold” rating and set a $110.00 price target (up from $101.00) on shares of Aflac in a research note on Wednesday, July 22nd. UBS Group reissued 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. Wells Fargo & Company boosted 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. Morgan Stanley upped 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, Keefe, Bruyette & Woods increased their target price on Aflac from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Tuesday, August 11th. One research 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $117.58.

Insider Buying and Selling at Aflac

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of Aflac stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $118.12, for a total transaction of $7,441,560.00. Following the transaction, the insider owned 51,169,435 shares of the company’s stock, valued at $6,044,133,662.20. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 578,333 shares of company stock valued at $67,710,836 in the last 90 days. 0.80% of the stock is owned by company insiders.

Aflac Trading Down 0.1%

NYSE:AFL opened at $121.38 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a 50-day moving average of $121.36 and a 200-day moving average of $115.86. The company has a market cap of $60.85 billion, a PE ratio of 13.01, a PEG ratio of 1.96 and a beta of 0.60. Aflac Incorporated has a one year low of $104.66 and a one year high of $130.22.

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

Aflac Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 dividend yield of 2.0%. The ex-dividend date is Wednesday, August 19th. Aflac’s dividend payout ratio (DPR) is currently 26.15%.

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.