KPP Advisory Services LLC Takes Position in Aflac Incorporated (NYSE:AFL)

KPP Advisory Services LLC bought a new stake in Aflac Incorporated (NYSE:AFL - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,755 shares of the financial services provider's stock, valued at approximately $529,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in Aflac in the 4th quarter valued at about $192,000. Dynamic Advisor Solutions LLC bought a new position in Aflac in the 1st quarter valued at about $206,000. Garde Capital Inc. bought a new position in Aflac in the 1st quarter valued at about $36,000. Hirtle Callaghan & Co LLC bought a new position in Aflac in the 4th quarter valued at about $276,000. Finally, Sowell Financial Services LLC bought a new position in Aflac in the 1st quarter valued at about $865,000. 67.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on AFL shares. Raymond James Financial lowered their price target on shares of Aflac from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, May 29th. UBS Group raised their target price on shares of Aflac from $109.00 to $114.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Barclays raised their target price on shares of Aflac from $95.00 to $96.00 and gave the stock an "underweight" rating in a report on Thursday, May 1st. Wall Street Zen cut shares of Aflac from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Finally, Morgan Stanley raised their target price on shares of Aflac from $100.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Aflac has an average rating of "Hold" and an average target price of $104.93.

Aflac Stock Performance

Shares of Aflac stock opened at $104.00 on Friday. Aflac Incorporated has a fifty-two week low of $88.00 and a fifty-two week high of $115.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $56.23 billion, a P/E ratio of 16.25, a P/E/G ratio of 3.17 and a beta of 0.82. The company's 50 day moving average price is $104.60 and its two-hundred day moving average price is $105.19.

Aflac (NYSE:AFL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.66 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($0.01). The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $4.53 billion. Aflac had a return on equity of 15.55% and a net margin of 21.27%. Aflac's revenue for the quarter was down 37.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. On average, equities analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 21st were issued a $0.58 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.32 annualized dividend and a yield of 2.23%. Aflac's payout ratio is 36.25%.

Insider Activity at Aflac

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $106.79, for a total value of $106,790.00. Following the transaction, the director now owns 26,096 shares in the company, valued at $2,786,791.84. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur Reginald Collins sold 2,750 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $105.70, for a total transaction of $290,675.00. Following the completion of the transaction, the director now owns 6,728 shares in the company, valued at approximately $711,149.60. The trade was a 29.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,750 shares of company stock worth $4,304,295 over the last quarter. Company insiders own 0.90% of the company's stock.

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.

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