Aflac Incorporated (NYSE:AFL) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its stake in Aflac Incorporated (NYSE:AFL – Free Report) by 5.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,168 shares of the financial services provider’s stock after selling 395 shares during the period. The holdings of Moors & Cabot Inc. holdings in Aflac were worth $640,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of AFL. Norges Bank purchased a new stake in shares of Aflac in the fourth quarter valued at about $197,820,000. Strategic Financial Concepts LLC boosted its stake in Aflac by 7,001.0% in the second quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider’s stock valued at $596,000 after acquiring an additional 658,303 shares in the last quarter. Swedbank AB purchased a new stake in shares of Aflac in the first quarter valued at approximately $27,588,000. Schroder Investment Management Group increased its holdings in shares of Aflac by 196.5% during the fourth quarter. Schroder Investment Management Group now owns 484,176 shares of the financial services provider’s stock valued at $39,945,000 after buying an additional 320,867 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Aflac by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock worth $429,319,000 after purchasing an additional 285,576 shares during the last quarter. Institutional investors own 67.44% of the company’s shares.

Insider buying and selling at Aflac

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the completion of the transaction, the director now directly owns 18,158 shares in the company, valued at approximately $1,796,552.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.90% of the company’s shares.

Aflac stock performance

Shares of Aflac opened at $107.87 on Friday. The company has a 50-day moving average of $102.57 and a 200-day moving average of $91.68. Aflac Incorporated has a 1 year low of $74.89 and a 1 year high of $111.14. The company has a current ratio of 0.10, a quick ratio of 0.10, and a debt-to-equity ratio of 0.29. The company has a market cap of $61.29 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95.

Aflac (NYSE:AFL – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.60 by $0.23. The business had revenue of $5.14 billion during 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 was down 0.7% compared to the same quarter last year. In the same quarter last year, the firm earned $1.58 EPS. As a group, equities research analysts forecast that Aflac Incorporated will post 6.75 earnings per share for the current fiscal year.

Aflac announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. This represents an annualized dividend of $2.00 and a yield of 1.85%. The ex-dividend date was Wednesday, August 21. Aflac’s payout ratio is 22.08%.

The Wall Street analyst weighs in

A number of analysts recently weighed in on AFL shares. Barclays assumed coverage on shares of Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price target for the company. Piper Sandler upped their target price on shares of Aflac from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Jefferies Financial Group cut their price target on shares of Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Truist Financial upped their target price on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Aflac from $80.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Aflac currently has an average rating of “Hold” and an average price target of $92.50.

Read our latest report on the AFL

About Aflac

(Free report)

Aflac Incorporated, through its subsidiaries, provides additional health and life insurance products. The company operates through the Aflac Japan and Aflac USA segments. The Aflac Japan segment offers cancer, medical, health care, vacation, GIFT and whole and term life insurance products, as well as WAYS and child endowment plans under savings insurance products in Japan.

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