Schechter Investment Advisors LLC Buys 381 Shares of Aflac Incorporated (NYSE:AFL)

Posted by Defense World Staff on Jun 10th, 2023

Schechter Investment Advisors LLC grew its stake in Aflac Incorporated (NYSE:AFL – Get Rating) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,998 shares of the financial services provider’s stock after purchasing an additional 381 shares during the period. Schechter Investment Advisors LLC’s holdings in Aflac were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AFL. RDA Financial Network grew its stake in shares of Aflac by 3.4% during the fourth quarter. RDA Financial Network now owns 4,305 shares of the financial services provider’s stock worth $310,000 after buying an additional 140 shares during the last quarter. RFG Advisory LLC grew its stake in shares of Aflac by 0.8% during the third quarter. RFG Advisory LLC now owns 18,496 shares of the financial services provider’s stock worth $1,257,000 after buying an additional 146 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Aflac by 0.7% during the fourth quarter. Pinnacle Associates Ltd. now owns 22,628 shares of the financial services provider’s stock worth $1,641,000 after buying an additional 151 shares during the last quarter. Flputnam Investment Management Co. grew its stake in shares of Aflac by 1.5% during the fourth quarter. Flputnam Investment Management Co. now owns 10,479 shares of the financial services provider’s stock worth $754,000 after buying an additional 153 shares during the last quarter. Finally, J2 Capital Management Inc grew its stake in shares of Aflac by 2.5% during the fourth quarter. J2 Capital Management Inc now owns 6,477 shares of the financial services provider’s stock worth $466,000 after buying an additional 161 shares during the last quarter. 66.22% of the stock is currently owned by institutional investors.

Aflac Stock Performance

Shares of AFL opened at $68.97 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $41.67 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 2.51 and a beta of 0.94. The firm’s fifty day simple moving average is $66.38 and its two-hundred day simple moving average is $68.34. Aflac Incorporated has a 12 month low of $52.07 and a 12 month high of $74.01.

Aflac (NYSE:AFL – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.15. The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Aflac had a net margin of 22.90% and a return on equity of 15.25%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. As a group, analysts predict that Aflac Incorporated will post 5.81 EPS for the current year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Wednesday, May 17th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 2.44%. Aflac’s dividend payout ratio is currently 24.24%.

Insider Activity

In other news, CFO Steven Kent Beaver sold 13,118 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $66.33, for a total transaction of $870,116.94. Following the transaction, the chief financial officer now owns 20,793 shares in the company, valued at $1,379,199.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Joseph L. Moskowitz sold 500 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $64.45, for a total value of $32,225.00. Following the sale, the director now owns 19,269 shares in the company, valued at approximately $1,241,887.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven Kent Beaver sold 13,118 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $66.33, for a total transaction of $870,116.94. Following the completion of the sale, the chief financial officer now owns 20,793 shares in the company, valued at approximately $1,379,199.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,582 shares of company stock worth $7,647,192. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. VNET Group reaffirmed a “maintains” rating on shares of Aflac in a research note on Thursday, April 27th. StockNews.com began coverage on shares of Aflac in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Morgan Stanley reduced their price objective on shares of Aflac from $77.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 12th. Wells Fargo & Company began coverage on shares of Aflac in a research note on Tuesday, April 25th. They issued an “equal weight” rating and a $73.00 price objective on the stock. Finally, Citigroup reduced their price objective on shares of Aflac from $73.00 to $69.00 in a research note on Thursday, April 27th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.22.

Aflac Company Profile

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Aflac, Inc is a holding company, which engages in the provision of financial protection services. It operates through the following segments: Aflac Japan and Aflac U.S. The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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