2,043 Shares in Aflac Incorporated (NYSE:AFL) Purchased by Stratos Investment Management LLC

Stratos Investment Management LLC acquired a new stake in shares of Aflac Incorporated (NYSE:AFL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,043 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other hedge funds have also modified their holdings of AFL. Secure Asset Management LLC boosted its stake in Aflac by 1.0% in the 3rd quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 96 shares in the last quarter. Ascent Group LLC grew its holdings in shares of Aflac by 0.6% in the 2nd quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock worth $1,539,000 after purchasing an additional 99 shares during the last quarter. Ieq Capital LLC grew its holdings in shares of Aflac by 0.5% in the 2nd quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock worth $1,945,000 after purchasing an additional 101 shares during the last quarter. Forum Financial Management LP lifted its holdings in Aflac by 1.3% during the 2nd quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock valued at $745,000 after purchasing an additional 107 shares during the last quarter. Finally, Copperwynd Financial LLC boosted its position in Aflac by 3.7% in the second quarter. Copperwynd Financial LLC now owns 3,029 shares of the financial services provider’s stock valued at $289,000 after buying an additional 109 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. UBS Group boosted their price objective on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Morgan Stanley lifted their price target on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. TD Cowen initiated coverage on shares of Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price for the company. Finally, Barclays began coverage on shares of Aflac in a research note on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Aflac has a consensus rating of “Hold” and an average target price of $97.53.

Aflac Trading Down 0.4 %

NYSE:AFL opened at $114.50 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50. The firm has a market capitalization of $65.06 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.62 and a beta of 0.95. The business’s 50-day moving average price is $109.40 and its two-hundred day moving average price is $95.91.

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

Aflac Dividend Announcement

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

Insider Activity

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of Aflac 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 transaction, the director now directly owns 18,158 shares in the company, valued at approximately $1,796,552.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.90% of the stock is owned by company insiders.

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.