Resonant Capital Advisors LLC Invests $210,000 in Aflac Incorporated $AFL

Resonant Capital Advisors LLC acquired a new stake in Aflac Incorporated (NYSE:AFL) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,993 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mid American Wealth Advisory Group Inc. acquired a new position in Aflac during the 2nd quarter worth about $26,000. Whipplewood Advisors LLC boosted its holdings in Aflac by 1,526.7% in the second quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 229 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in Aflac during the 1st quarter valued at approximately $28,000. Hilltop National Bank acquired a new stake in Aflac during the 2nd quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Aflac by 121.9% in the 1st quarter. Golden State Wealth Management LLC now owns 304 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 167 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Aflac Stock Performance

AFL opened at $106.70 on Wednesday. Aflac Incorporated has a 1-year low of $96.95 and a 1-year high of $115.43. The company has a market cap of $57.07 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.98 and a beta of 0.86. The company’s fifty day moving average price is $108.70 and its two-hundred day moving average price is $105.62. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.33.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter. Aflac had a net margin of 15.32% and a return on equity of 15.08%. The firm had revenue of $5.91 billion during the quarter. On average, analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.32 annualized dividend and a dividend yield of 2.2%. Aflac’s dividend payout ratio is 52.61%.

Aflac declared that its board has initiated a share buyback program on Tuesday, August 12th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently weighed in on AFL. Piper Sandler set a $125.00 price objective on shares of Aflac and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Aflac in a research report on Wednesday, October 8th. Evercore ISI set a $110.00 target price on Aflac and gave the company an “underperform” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. lifted their target price on Aflac from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.45.

Insider Buying and Selling at Aflac

In other news, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $102.57, for a total value of $102,570.00. Following the transaction, the director owned 25,105 shares in the company, valued at $2,575,019.85. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is owned by corporate insiders.

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.