Toth Financial Advisory Corp Cuts Stock Holdings in Aflac Incorporated (NYSE:AFL)

Toth Financial Advisory Corp lowered its position in Aflac Incorporated (NYSE:AFL) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,499 shares of the financial services provider’s stock after selling 1,717 shares during the period. Toth Financial Advisory Corp’s holdings in Aflac were worth $8,441,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. McElhenny Sheffield Capital Management LLC purchased a new stake in Aflac in the 3rd quarter valued at about $224,000. Echo Wealth Management LLC purchased a new position in Aflac in the third quarter worth $781,000. Allspring Global Investments Holdings LLC grew its stake in Aflac by 70.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,033 shares of the financial services provider’s stock valued at $5,146,000 after purchasing an additional 19,037 shares during the period. Compass Ion Advisors LLC purchased a new stake in shares of Aflac during the 3rd quarter valued at $202,000. Finally, Cyndeo Wealth Partners LLC raised its stake in shares of Aflac by 4.8% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 4,132 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 189 shares during the period. 67.44% of the stock is owned by institutional investors.

Aflac Price Performance

Shares of AFL stock traded down $1.93 during trading hours on Monday, reaching $112.57. The stock had a trading volume of 410,772 shares, compared to its average volume of 2,230,829. The stock’s fifty day simple moving average is $109.40 and its 200 day simple moving average is $95.98. The firm has a market capitalization of $63.96 billion, a PE ratio of 12.64, a PEG ratio of 2.62 and a beta of 0.95. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.60 by $0.23. The firm 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 business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS. On average, equities research analysts predict that Aflac Incorporated will post 6.76 EPS for the current year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 1.78%. Aflac’s dividend payout ratio is currently 22.08%.

Insider Buying and Selling at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the completion of the transaction, the director now owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

AFL has been the subject of a number of research analyst reports. TD Cowen began coverage on shares of Aflac in a report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective for the company. Citigroup lifted their price target on shares of Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. UBS Group increased their price objective on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Wells Fargo & Company boosted their target price on Aflac from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group dropped their price target on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $97.53.

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.