2,512 Shares in Aflac Incorporated (NYSE:AFL) Acquired by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. purchased a new position in shares of Aflac Incorporated (NYSE:AFL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,512 shares of the financial services provider’s stock, valued at approximately $224,000.

Other hedge funds also recently made changes to their positions in the company. Atwood & Palmer Inc. boosted its holdings in Aflac by 80.0% in the first quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 140 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Aflac in the 1st quarter valued at $29,000. Criterion Capital Advisors LLC acquired a new position in shares of Aflac during the 4th quarter valued at $33,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Aflac in the 1st quarter valued at $34,000. Finally, Sachetta LLC purchased a new position in Aflac in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Activity at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was 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 owns 18,158 shares of the company’s stock, valued at $1,796,552.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total transaction of $197,880.00. Following the sale, the director now directly owns 18,158 shares in the company, valued at approximately $1,796,552.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles D. Lake II sold 22,378 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $87.47, for a total transaction of $1,957,403.66. Following the completion of the sale, the director now directly owns 61,522 shares of the company’s stock, valued at $5,381,329.34. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Aflac Stock Performance

AFL stock traded up $0.54 during mid-day trading on Tuesday, reaching $101.73. The company had a trading volume of 1,445,956 shares, compared to its average volume of 2,231,792. Aflac Incorporated has a one year low of $72.78 and a one year high of $104.90. The stock has a market capitalization of $57.81 billion, a P/E ratio of 11.23, a P/E/G ratio of 2.76 and a beta of 0.95. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $92.44 and its two-hundred day simple moving average is $86.50.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.23. The firm had revenue of $5.14 billion for 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%. Aflac’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm posted $1.58 EPS. Research analysts anticipate that Aflac Incorporated will post 6.48 EPS for the current year.

Aflac Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 2nd. Investors of record on Wednesday, August 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, August 21st. Aflac’s dividend payout ratio (DPR) is 22.08%.

Wall Street Analyst Weigh In

AFL has been the topic of several analyst reports. Wells Fargo & Company raised their target price on Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday. StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Citigroup upped their target price on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group dropped their price target on shares of Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. boosted their price target on Aflac from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Aflac has an average rating of “Hold” and an average target price of $88.69.

About Aflac

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.