Atomi Financial Group Inc. Raises Holdings in Aflac Incorporated (NYSE:AFL)

Atomi Financial Group Inc. increased its holdings in Aflac Incorporated (NYSE:AFL) by 9.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,506 shares of the financial services provider’s stock after purchasing an additional 964 shares during the quarter. Atomi Financial Group Inc.’s holdings in Aflac were worth $1,028,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AFL. Atwood & Palmer Inc. raised its holdings in Aflac by 80.0% in the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 140 shares during the period. OFI Invest Asset Management acquired a new position in shares of Aflac during the first quarter valued at approximately $29,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Aflac during the first quarter valued at approximately $34,000. Sachetta LLC acquired a new position in shares of Aflac during the fourth quarter valued at approximately $35,000. Finally, DiNuzzo Private Wealth Inc. acquired a new position in shares of Aflac during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Activity

In other news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following the sale, the director now directly owns 18,158 shares in the company, valued at $1,796,552.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

Aflac Trading Up 0.2 %

Aflac stock traded up $0.20 during mid-day trading on Tuesday, hitting $107.71. The company’s stock had a trading volume of 1,692,458 shares, compared to its average volume of 2,221,493. Aflac Incorporated has a 1 year low of $73.62 and a 1 year high of $108.31. The stock’s fifty day moving average is $95.53 and its two-hundred day moving average is $88.11. The firm has a market capitalization of $61.20 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.60 by $0.23. The business had revenue of $5.14 billion during 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 company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $1.58 earnings per share. On average, analysts anticipate that Aflac Incorporated will post 6.48 EPS for the current year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, August 21st. Aflac’s payout ratio is currently 22.08%.

Analysts Set New Price Targets

A number of equities analysts have commented on AFL shares. Bank of America increased their target price on Aflac from $105.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on Aflac from $80.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, July 2nd. UBS Group increased their price target on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Morgan Stanley increased their price target on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Finally, Piper Sandler increased their price target on Aflac from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, June 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Aflac presently has an average rating of “Hold” and a consensus target price of $91.69.

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.