Secure Asset Management LLC Purchases 96 Shares of Aflac Incorporated (NYSE:AFL)

Secure Asset Management LLC grew its position in shares of Aflac Incorporated (NYSE:AFL) by 1.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,783 shares of the financial services provider’s stock after acquiring an additional 96 shares during the quarter. Secure Asset Management LLC’s holdings in Aflac were worth $1,094,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ascent Group LLC grew its stake in Aflac by 0.6% in the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after purchasing an additional 99 shares during the last quarter. Ieq Capital LLC boosted its holdings in Aflac by 0.5% in the second quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock worth $1,945,000 after acquiring an additional 101 shares in the last quarter. Forum Financial Management LP boosted its holdings in Aflac by 1.3% in the second quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock worth $745,000 after acquiring an additional 107 shares in the last quarter. Copperwynd Financial LLC boosted its holdings in Aflac by 3.7% in the second quarter. Copperwynd Financial LLC now owns 3,029 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 109 shares in the last quarter. Finally, Bank of New Hampshire boosted its holdings in Aflac by 0.3% in the third quarter. Bank of New Hampshire now owns 32,120 shares of the financial services provider’s stock worth $3,591,000 after acquiring an additional 112 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Aflac Trading Down 0.4 %

Shares of NYSE:AFL opened at $114.50 on Friday. Aflac Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50. The company has a market capitalization of $65.06 billion, a PE ratio of 12.64, a PEG ratio of 2.62 and a beta of 0.95. The business has a 50 day moving average of $109.40 and a two-hundred day moving average of $95.83. 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 (NYSE:AFL) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.23. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. As a group, analysts forecast that Aflac Incorporated will post 6.76 EPS for the current year.

Aflac Dividend Announcement

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

Insider Activity

In other news, Director Thomas J. Kenny sold 2,000 shares of the business’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 value of $197,880.00. Following the completion of the sale, the director now directly owns 18,158 shares in the company, valued at $1,796,552.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AFL. Truist Financial raised their price target on Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Wells Fargo & Company raised their price target on Aflac from $90.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Bank of America raised their price target on Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Piper Sandler lifted their target price on Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Jefferies Financial Group decreased their target price on Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a report on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $97.53.

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.