Crews Bank & Trust Has $734,000 Holdings in Aflac Incorporated $AFL

Crews Bank & Trust cut its holdings in shares of Aflac Incorporated (NYSE:AFL) by 3.4% during the second quarter, HoldingsChannel.com reports. The firm owned 6,959 shares of the financial services provider’s stock after selling 245 shares during the quarter. Crews Bank & Trust’s holdings in Aflac were worth $734,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AG2R LA Mondiale Gestion D Actifs acquired a new position in Aflac during the 1st quarter valued at about $2,070,000. Belpointe Asset Management LLC acquired a new position in Aflac during the 1st quarter valued at about $551,000. Golden State Wealth Management LLC lifted its position in Aflac by 121.9% during the 1st quarter. Golden State Wealth Management LLC now owns 304 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 167 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Aflac by 11.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 32,982 shares of the financial services provider’s stock valued at $3,478,000 after acquiring an additional 3,484 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Aflac in the 1st quarter valued at approximately $2,626,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Joseph L. Moskowitz sold 1,000 shares of Aflac stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $102.57, for a total value of $102,570.00. Following the sale, the director directly 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 at the SEC website. 0.90% of the stock is owned by company insiders.

Aflac Price Performance

NYSE AFL opened at $110.59 on Friday. The business has a 50 day simple moving average of $106.13 and a 200 day simple moving average of $105.38. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $115.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $59.14 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 3.09 and a beta of 0.86.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Aflac had a net margin of 15.32% and a return on equity of 15.08%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $1.83 earnings per share. The firm’s revenue was down 19.0% compared to the same quarter last year. Analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac announced that its board has initiated a share buyback plan on Tuesday, August 12th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Aflac Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 20th were issued a $0.58 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.1%. Aflac’s dividend payout ratio (DPR) is 52.61%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AFL shares. Wall Street Zen upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays set a $98.00 price target on shares of Aflac and gave the company an “underweight” rating in a research report on Monday, July 7th. Morgan Stanley increased their price target on shares of Aflac from $108.00 to $113.00 and gave the company an “equal weight” rating in a research report on Monday, August 18th. Keefe, Bruyette & Woods increased their price target on shares of Aflac from $106.00 to $108.00 and gave the company a “market perform” rating in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Aflac from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Aflac has an average rating of “Hold” and an average target price of $109.15.

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.