ORG Partners LLC Has $299,000 Holdings in Aflac Incorporated (NYSE:AFL)

ORG Partners LLC trimmed its holdings in shares of Aflac Incorporated (NYSE:AFL) by 74.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,672 shares of the financial services provider’s stock after selling 7,903 shares during the period. ORG Partners LLC’s holdings in Aflac were worth $299,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC raised its holdings in shares of Aflac by 7,001.0% in the second quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider’s stock valued at $596,000 after buying an additional 658,303 shares during the last quarter. Truist Financial Corp lifted its position in shares of Aflac by 26.6% during the second quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock worth $172,338,000 after purchasing an additional 405,847 shares in the last quarter. Swedbank AB bought a new stake in shares of Aflac during the first quarter valued at approximately $27,588,000. Dimensional Fund Advisors LP increased its holdings in shares of Aflac by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock valued at $429,319,000 after purchasing an additional 285,576 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Aflac by 27.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,243,189 shares of the financial services provider’s stock worth $111,029,000 after purchasing an additional 268,694 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 18,158 shares in the company, valued at $1,796,552.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.

Aflac Stock Up 0.8 %

AFL stock opened at $114.11 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $64.84 billion, a P/E ratio of 12.59, a P/E/G ratio of 2.62 and a beta of 0.95. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week high of $115.50. The business has a 50-day moving average of $108.24 and a 200-day moving average of $95.16.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.23. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period last year, the business earned $1.58 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. On average, sell-side analysts anticipate that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Wednesday, August 21st. Aflac’s payout ratio is 22.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AFL shares. Truist Financial lifted their target price on Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. UBS Group boosted their price objective on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. TD Cowen started coverage on shares of Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Finally, Barclays initiated coverage on shares of Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price objective on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $97.53.

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.