2,119 Shares in Aflac Incorporated (NYSE:AFL) Bought by BLB&B Advisors LLC

BLB&B Advisors LLC bought a new stake in Aflac Incorporated (NYSE:AFL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,119 shares of the financial services provider’s stock, valued at approximately $237,000.

A number of other hedge funds have also made changes to their positions in AFL. Y.D. More Investments Ltd acquired a new stake in Aflac in the 2nd quarter valued at about $25,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Aflac during the 1st quarter worth approximately $34,000. Cedar Wealth Management LLC acquired a new position in shares of Aflac during the 1st quarter worth approximately $50,000. Fairscale Capital LLC purchased a new stake in Aflac in the 2nd quarter valued at approximately $54,000. Finally, HHM Wealth Advisors LLC grew its holdings in Aflac by 178.6% during the 2nd quarter. HHM Wealth Advisors LLC now owns 624 shares of the financial services provider’s stock valued at $56,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on AFL shares. Truist Financial upped their price objective on Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Piper Sandler raised their price target on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on shares of Aflac from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Morgan Stanley raised their target price on shares of Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group cut their price target on Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a report on Friday, June 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $97.53.

Insider Transactions at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the sale, the director now directly owns 18,158 shares in the company, valued at approximately $1,796,552.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

Aflac Stock Performance

NYSE AFL opened at $112.14 on Thursday. The business’s 50-day simple moving average is $110.03 and its 200-day simple moving average is $96.48. The firm has a market capitalization of $63.72 billion, a P/E ratio of 12.38, a P/E/G ratio of 2.62 and a beta of 0.95. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10.

Aflac (NYSE:AFL) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) 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 the consensus estimate of $4.10 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. Aflac’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts predict that Aflac Incorporated will post 6.76 EPS for the current year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s dividend payout ratio is presently 22.08%.

Aflac Company 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.