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Aflac Incorporated $AFL Position Lessened by RFG Advisory LLC

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Key Points

  • RFG Advisory LLC reduced its stake in Aflac Incorporated by 13.0%, now holding 15,715 shares valued at approximately $1.66 million.
  • Aflac has authorized a share repurchase plan enabling the buyback of up to 100 million outstanding shares, indicating management's belief that the stock is undervalued.
  • Analysts have mixed ratings on Aflac's stock, with an average rating of "Hold" and a price target of $109.45, reflecting varying perspectives on its future performance.
  • Five stocks to consider instead of Aflac.

RFG Advisory LLC decreased its stake in Aflac Incorporated (NYSE:AFL - Free Report) by 13.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,715 shares of the financial services provider's stock after selling 2,358 shares during the period. RFG Advisory LLC's holdings in Aflac were worth $1,657,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. AlphaCore Capital LLC bought a new stake in Aflac during the 1st quarter valued at $28,000. Hilltop National Bank bought a new stake in Aflac during the 2nd quarter valued at $32,000. Golden State Wealth Management LLC raised its stake 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 acquiring an additional 167 shares in the last quarter. Groupe la Francaise bought a new stake in Aflac during the 1st quarter valued at $34,000. Finally, Garde Capital Inc. bought a new stake in Aflac during the 1st quarter valued at $36,000. Institutional investors own 67.44% of the company's stock.

Insider Activity

In other news, Director Joseph L. Moskowitz sold 1,000 shares of Aflac stock in a transaction on Friday, August 8th. The stock was sold at an average price of $102.57, for a total transaction of $102,570.00. Following the transaction, the director owned 25,105 shares in the company, valued at approximately $2,575,019.85. The trade was a 3.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.

Aflac Stock Performance

Shares of NYSE AFL opened at $109.80 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $58.73 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.09 and a beta of 0.86. The stock's fifty day simple moving average is $108.18 and its 200 day simple moving average is $105.52. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $115.44.

Aflac (NYSE:AFL - Get Free Report) last issued its earnings results on Monday, February 27th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter. The business had revenue of $5.91 billion for the quarter. Aflac had a return on equity of 15.08% and a net margin of 15.32%. As a group, sell-side analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac declared that its Board of Directors has authorized a share repurchase plan on Tuesday, August 12th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, August 20th. Aflac's payout ratio is presently 52.61%.

Analyst Ratings Changes

Several analysts have weighed in on AFL shares. UBS Group cut their target price on Aflac from $114.00 to $111.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Aflac in a research report on Wednesday, October 8th. Evercore ISI set a $110.00 price target on Aflac and gave the company an "underperform" rating in a research report on Thursday, October 9th. Barclays reiterated an "underweight" rating and set a $102.00 price target (up from $100.00) on shares of Aflac in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price target on Aflac from $108.00 to $110.00 and gave the company a "market perform" rating in a research report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $109.45.

Check Out Our Latest Stock Analysis on AFL

About Aflac

(Free Report)

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.

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Want to see what other hedge funds are holding AFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aflac Incorporated (NYSE:AFL - Free Report).

Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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