Curi RMB Capital LLC Sells 632 Shares of Aflac Incorporated (NYSE:AFL)

Curi RMB Capital LLC trimmed its holdings in shares of Aflac Incorporated (NYSE:AFL) by 25.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,815 shares of the financial services provider’s stock after selling 632 shares during the quarter. Curi RMB Capital LLC’s holdings in Aflac were worth $203,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Czech National Bank raised its position in shares of Aflac by 6.4% in the second quarter. Czech National Bank now owns 98,535 shares of the financial services provider’s stock valued at $8,800,000 after buying an additional 5,912 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in Aflac by 79.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 27,354 shares of the financial services provider’s stock valued at $3,058,000 after acquiring an additional 12,131 shares in the last quarter. M&G Plc bought a new stake in shares of Aflac during the 2nd quarter valued at $2,535,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Aflac by 576.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 8,075 shares of the financial services provider’s stock worth $721,000 after purchasing an additional 6,882 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Aflac by 161.0% in the first quarter. Cetera Investment Advisers now owns 311,239 shares of the financial services provider’s stock worth $26,723,000 after purchasing an additional 191,975 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. TD Cowen assumed coverage on shares of Aflac in a research report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price target for the company. Citigroup raised their price objective on Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Evercore ISI boosted their target price on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, September 26th. Finally, Piper Sandler boosted their price target on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $97.93.

Aflac Stock Performance

Shares of Aflac stock opened at $111.32 on Friday. The business has a 50 day moving average price of $110.41 and a 200-day moving average price of $99.48. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50. The company has a market cap of $61.84 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. The firm’s revenue for the quarter was down 40.4% on a year-over-year basis. Equities analysts anticipate that Aflac Incorporated will post 7.22 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. Stockholders of record on Wednesday, November 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac’s dividend payout ratio is presently 30.12%.

About Aflac

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.