Aflac Incorporated (AFL) Position Held by Modera Wealth Management LLC

Modera Wealth Management LLC maintained its position in Aflac Incorporated (NYSE:AFL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,315 shares of the financial services provider’s stock at the close of the second quarter. Modera Wealth Management LLC’s holdings in Aflac were worth $801,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AFL. Bollard Group LLC increased its stake in shares of Aflac by 0.6% in the second quarter. Bollard Group LLC now owns 2,339 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 14 shares during the period. Washington Trust Bank increased its stake in shares of Aflac by 0.9% in the second quarter. Washington Trust Bank now owns 1,704 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 16 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Aflac by 0.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,259 shares of the financial services provider’s stock worth $564,000 after acquiring an additional 27 shares during the period. CWM LLC increased its stake in shares of Aflac by 2.1% in the second quarter. CWM LLC now owns 1,430 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 30 shares during the period. Finally, Berkshire Asset Management LLC PA increased its stake in shares of Aflac by 0.6% in the second quarter. Berkshire Asset Management LLC PA now owns 5,756 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 34 shares during the period. 65.66% of the stock is owned by institutional investors and hedge funds.

Aflac Incorporated (AFL) traded up 0.80% during trading on Friday, reaching $82.77. 1,357,594 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $80.98 and its 200-day moving average price is $76.39. The stock has a market cap of $32.71 billion, a P/E ratio of 12.51 and a beta of 0.97. Aflac Incorporated has a one year low of $66.50 and a one year high of $83.39.

Aflac (NYSE:AFL) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.20. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. Aflac had a return on equity of 13.09% and a net margin of 11.98%. Aflac’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 earnings per share. On average, equities analysts anticipate that Aflac Incorporated will post $6.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 23rd were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Monday, August 21st. Aflac’s payout ratio is currently 25.94%.

Aflac declared that its Board of Directors has authorized a share buyback program on Tuesday, August 8th that authorizes the company to repurchase 40,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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A number of research firms have recently weighed in on AFL. Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Tuesday, September 5th. ValuEngine upgraded shares of Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Barclays PLC increased their price objective on shares of Aflac from $73.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Friday, August 11th. Bank of America Corporation lowered shares of Aflac from a “neutral” rating to an “underperform” rating in a research report on Friday, September 8th. Finally, UBS AG restated an “overweight” rating on shares of Aflac in a research report on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $77.23.

In related news, President Kriss Cloninger III sold 3,500 shares of Aflac stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $81.06, for a total transaction of $283,710.00. Following the transaction, the president now directly owns 253,196 shares of the company’s stock, valued at $20,524,067.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Teresa L. White sold 11,314 shares of Aflac stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $78.01, for a total value of $882,605.14. Following the transaction, the insider now directly owns 26,847 shares in the company, valued at $2,094,334.47. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Aflac Profile

Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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