Aflac Incorporated (NYSE:AFL) Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC cut its holdings in Aflac Incorporated (NYSE:AFL) by 0.4% during the third quarter, HoldingsChannel reports. The fund owned 73,047 shares of the financial services provider’s stock after selling 315 shares during the period. Modera Wealth Management LLC’s holdings in Aflac were worth $8,167,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Secure Asset Management LLC lifted its stake in shares of Aflac by 1.0% in the 3rd quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 96 shares during the last quarter. Ascent Group LLC lifted its position in Aflac by 0.6% in the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after buying an additional 99 shares during the last quarter. Ieq Capital LLC boosted its stake in Aflac by 0.5% during the second quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock worth $1,945,000 after buying an additional 101 shares during the period. New Century Financial Group LLC increased its position in shares of Aflac by 2.5% during the third quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 101 shares during the last quarter. Finally, Forum Financial Management LP raised its stake in shares of Aflac by 1.3% in the 2nd quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock valued at $745,000 after acquiring an additional 107 shares during the period. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AFL has been the subject of several research reports. Wells Fargo & Company lifted their target price on shares of Aflac from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. UBS Group boosted 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. Morgan Stanley raised their target price on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Evercore ISI boosted their price target on shares of Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, September 26th. Finally, Barclays assumed coverage on shares of Aflac in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price objective for the company. Three 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 company’s stock. According to data from MarketBeat, Aflac has an average rating of “Hold” and an average target price of $97.53.

Aflac Stock Down 2.0 %

Aflac stock opened at $109.75 on Friday. The stock has a market cap of $62.36 billion, a PE ratio of 12.11, a P/E/G 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 stock’s fifty day moving average is $110.32 and its two-hundred day moving average is $96.85. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50.

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

Aflac Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Wednesday, August 21st. Aflac’s dividend payout ratio (DPR) is 22.08%.

Insider Buying and Selling

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction 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 in the company, valued at $1,796,552.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by company insiders.

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.