Tounjian Advisory Partners LLC Buys New Position in Aflac Incorporated (NYSE:AFL)

Tounjian Advisory Partners LLC acquired a new position in Aflac Incorporated (NYSE:AFL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 32,760 shares of the financial services provider's stock, valued at approximately $3,643,000.

Other large investors have also added to or reduced their stakes in the company. Roxbury Financial LLC bought a new stake in Aflac in the 4th quarter worth approximately $948,000. Proficio Capital Partners LLC purchased a new stake in Aflac during the 4th quarter valued at $192,000. Next Level Wealth Planning LLC bought a new stake in Aflac in the fourth quarter worth $318,000. Strategic Financial Concepts LLC boosted its stake in Aflac by 2,210.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 158,535 shares of the financial services provider's stock worth $164,000 after buying an additional 151,673 shares during the period. Finally, Empowered Funds LLC boosted its stake in Aflac by 10.0% during the fourth quarter. Empowered Funds LLC now owns 38,039 shares of the financial services provider's stock worth $3,935,000 after buying an additional 3,454 shares during the period. Institutional investors own 67.44% of the company's stock.

Insider Buying and Selling at Aflac

In other Aflac news, Director Arthur Reginald Collins sold 2,750 shares of the stock in a transaction dated 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 sale, the director now directly owns 6,728 shares of the company's stock, valued at approximately $711,149.60. This represents a 29.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph L. Moskowitz sold 1,000 shares of Aflac stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $106.79, for a total transaction of $106,790.00. Following the completion of the transaction, the director now directly owns 26,096 shares in the company, valued at approximately $2,786,791.84. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,750 shares of company stock valued at $4,304,295. 0.90% of the stock is currently owned by corporate insiders.

Aflac Stock Down 1.0%

Shares of Aflac stock traded down $1.02 during trading on Wednesday, hitting $101.25. 2,282,473 shares of the stock traded hands, compared to its average volume of 2,109,466. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29. The stock's fifty day simple moving average is $104.99 and its 200 day simple moving average is $105.75. The firm has a market cap of $54.74 billion, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 3.24 and a beta of 0.82. Aflac Incorporated has a 52-week low of $86.46 and a 52-week high of $115.50.

Aflac (NYSE:AFL - Get Free Report) last posted its 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). Aflac had a net margin of 28.76% and a return on equity of 16.20%. The business had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $4.53 billion. During the same period last year, the business posted $1.66 EPS. The company's revenue for the quarter was down 37.5% on a year-over-year basis. On average, equities analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.58 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.32 dividend on an annualized basis and a yield of 2.29%. Aflac's dividend payout ratio is currently 36.25%.

Wall Street Analysts Forecast Growth

AFL has been the topic of several recent analyst reports. Morgan Stanley increased their target price on shares of Aflac from $100.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Wells Fargo & Company increased their price objective on shares of Aflac from $102.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Raymond James dropped their target price on Aflac from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. Keefe, Bruyette & Woods upped their target price on Aflac from $104.00 to $106.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded Aflac from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $104.93.

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.