Mutual Advisors LLC Has $1.75 Million Stock Position in Aflac Incorporated (NYSE:AFL)

Mutual Advisors LLC decreased its stake in shares of Aflac Incorporated (NYSE:AFL) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,639 shares of the financial services provider’s stock after selling 1,229 shares during the period. Mutual Advisors LLC’s holdings in Aflac were worth $1,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in Aflac during the 2nd quarter worth about $25,000. Cedar Wealth Management LLC acquired a new position in Aflac during the 1st quarter worth about $50,000. Fairscale Capital LLC acquired a new position in Aflac during the 2nd quarter worth about $54,000. HHM Wealth Advisors LLC lifted its position 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 purchasing an additional 400 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new position in Aflac during the 1st quarter valued at about $66,000. Institutional investors and hedge funds 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 company’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 transaction of $197,880.00. Following the completion of the transaction, the director now owns 18,158 shares of the company’s stock, valued at $1,796,552.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is owned by company insiders.

Aflac Price Performance

NYSE AFL opened at $104.79 on Friday. The business has a 50 day simple moving average of $110.58 and a 200 day simple moving average of $97.51. Aflac Incorporated has a 52-week low of $75.07 and a 52-week high of $115.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $59.54 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.62 and a beta of 0.95.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.46. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the business earned $1.84 EPS. Aflac’s revenue for the quarter was down 40.4% compared to the same quarter last year. Analysts anticipate that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. Aflac’s payout ratio is 22.08%.

Wall Street Analyst Weigh In

AFL has been the topic of a number of research reports. TD Cowen initiated coverage on shares of Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 target price on the stock. Citigroup upped their target price on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Truist Financial upped their target price on shares of Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Evercore ISI upped their target price on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.