Bryn Mawr Trust Advisors LLC Makes New $528,000 Investment in Aflac Incorporated $AFL

Bryn Mawr Trust Advisors LLC purchased a new stake in Aflac Incorporated (NYSE:AFL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,814 shares of the financial services provider’s stock, valued at approximately $528,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Aflac by 64.4% during the fourth quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after purchasing an additional 5,708 shares during the period. Bison Wealth LLC lifted its holdings in Aflac by 4.3% in the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 183 shares during the period. WINTON GROUP Ltd acquired a new stake in Aflac in the second quarter worth about $280,000. Sei Investments Co. grew its position in Aflac by 11.2% in the 2nd quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock valued at $15,854,000 after buying an additional 15,105 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its position in Aflac by 1.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock valued at $1,261,000 after buying an additional 192 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Aflac Price Performance

NYSE AFL opened at $120.97 on Thursday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26. The company has a market cap of $61.57 billion, a PE ratio of 13.73, a PEG ratio of 2.14 and a beta of 0.61. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $124.00. The stock’s 50-day moving average price is $117.40 and its two-hundred day moving average price is $113.54.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.20 billion. Aflac had a return on equity of 13.88% and a net margin of 25.60%.The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 EPS. On average, analysts predict that Aflac Incorporated will post 7.07 EPS for the current year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Aflac’s dividend payout ratio is 27.70%.

Wall Street Analyst Weigh In

A number of analysts have commented on AFL shares. Weiss Ratings downgraded shares of Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, July 7th. Barclays decreased their price objective on shares of Aflac from $99.00 to $98.00 and set an “underweight” rating for the company in a report on Tuesday, July 7th. Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company upped their target price on Aflac from $111.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $108.00 price target (up from $100.00) on shares of Aflac in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $114.50.

Insiders Place Their Bets

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $116.71, for a total transaction of $3,249,789.95. Following the transaction, the insider directly owned 50,898,490 shares in the company, valued at $5,940,362,767.90. The trade was a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph L. Moskowitz sold 12,370 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $116.54, for a total value of $1,441,599.80. Following the completion of the transaction, the director owned 33,310 shares in the company, valued at $3,881,947.40. This trade represents a 27.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 744,916 shares of company stock valued at $87,118,632 in the last three months. Company insiders own 0.80% of the company’s stock.

Aflac Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.