ORG Partners LLC Sells 7,903 Shares of Aflac Incorporated (NYSE:AFL)

ORG Partners LLC lowered its holdings in shares of Aflac Incorporated (NYSE:AFL) by 74.7% in the third quarter, HoldingsChannel reports. The firm owned 2,672 shares of the financial services provider’s stock after selling 7,903 shares during the period. ORG Partners LLC’s holdings in Aflac were worth $299,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in Aflac in the 4th quarter valued at $62,000. Fisher Asset Management LLC lifted its stake in shares of Aflac by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 5,079 shares of the financial services provider’s stock worth $419,000 after buying an additional 378 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in shares of Aflac during the 4th quarter worth about $253,000. ICA Group Wealth Management LLC boosted its holdings in shares of Aflac by 4.3% during the 4th quarter. ICA Group Wealth Management LLC now owns 2,974 shares of the financial services provider’s stock worth $245,000 after buying an additional 122 shares during the period. Finally, Leo Wealth LLC acquired a new position in Aflac in the 4th quarter valued at about $311,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Activity

In related news, Director Thomas J. Kenny sold 2,000 shares of the 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 owns 18,158 shares of the company’s stock, valued at $1,796,552.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by corporate insiders.

Aflac Stock Performance

Shares of NYSE:AFL opened at $114.11 on Tuesday. Aflac Incorporated has a 1 year low of $75.07 and a 1 year high of $115.50. The stock has a market capitalization of $64.84 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The company’s 50 day simple moving average is $108.24 and its 200 day simple moving average is $95.16.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.23. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the company posted $1.58 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts predict that Aflac Incorporated will post 6.76 EPS for the current fiscal year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were issued 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 dividend yield of 1.75%. Aflac’s dividend payout ratio (DPR) is currently 22.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AFL. Jefferies Financial Group reduced their price objective on Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a report on Friday, June 28th. Citigroup boosted their price target on Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. TD Cowen assumed coverage on Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of Aflac from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Bank of America raised their price target on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $97.53.

Aflac 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.