Texas Bank & Trust Co Invests $988,000 in Aflac Incorporated (NYSE:AFL)

Texas Bank & Trust Co purchased a new position in shares of Aflac Incorporated (NYSE:AFL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,554 shares of the financial services provider's stock, valued at approximately $988,000.

Several other institutional investors also recently modified their holdings of the business. State of Wyoming acquired a new stake in shares of Aflac during the 4th quarter worth approximately $365,000. Toronto Dominion Bank grew its position in shares of Aflac by 0.8% during the 4th quarter. Toronto Dominion Bank now owns 271,844 shares of the financial services provider's stock worth $28,120,000 after buying an additional 2,271 shares during the period. Snowden Capital Advisors LLC grew its holdings in Aflac by 2.9% during the fourth quarter. Snowden Capital Advisors LLC now owns 5,867 shares of the financial services provider's stock valued at $607,000 after purchasing an additional 164 shares during the period. Royal Bank of Canada grew its holdings in Aflac by 16.8% during the fourth quarter. Royal Bank of Canada now owns 1,355,239 shares of the financial services provider's stock valued at $140,185,000 after purchasing an additional 195,331 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in Aflac by 3.2% during the fourth quarter. Rafferty Asset Management LLC now owns 176,392 shares of the financial services provider's stock valued at $18,246,000 after purchasing an additional 5,523 shares during the period. Institutional investors and hedge funds own 67.44% of the company's stock.

Analysts Set New Price Targets

AFL has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Aflac from $118.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Wells Fargo & Company boosted their price objective on shares of Aflac from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. UBS Group boosted their price objective on shares of Aflac from $109.00 to $114.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. StockNews.com cut shares of Aflac from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Finally, Morgan Stanley decreased their price objective on shares of Aflac from $105.00 to $100.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Aflac presently has a consensus rating of "Hold" and a consensus price target of $104.21.

Insider Activity

In related news, Director Charles D. Lake II sold 29,802 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $107.29, for a total value of $3,197,456.58. Following the transaction, the director now directly owns 49,962 shares in the company, valued at approximately $5,360,422.98. This represents a 37.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph L. Moskowitz sold 1,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $106.79, for a total transaction of $106,790.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 31,802 shares of company stock valued at $3,411,877 over the last ninety days. 0.90% of the stock is currently owned by company insiders.

Aflac Stock Performance

Shares of AFL stock opened at $106.96 on Friday. The company's fifty day simple moving average is $107.00 and its 200-day simple moving average is $106.46. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The firm has a market cap of $57.83 billion, a PE ratio of 11.14, a P/E/G ratio of 3.24 and a beta of 0.84. Aflac Incorporated has a 12 month low of $86.46 and a 12 month high of $115.50.

Aflac (NYSE:AFL - Get Free Report) last announced its quarterly earnings data 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). Aflac had a return on equity of 16.20% and a net margin of 28.76%. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the firm earned $1.66 EPS. The business's revenue for the quarter was down 37.5% compared to the same quarter last year. Equities research analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 21st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, May 21st. Aflac's payout ratio is presently 36.25%.

About Aflac

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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