Aflac Incorporated (NYSE:AFL) Shares Acquired by Good Life Advisors LLC

Good Life Advisors LLC lifted its position in Aflac Incorporated (NYSE:AFL) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,822 shares of the financial services provider’s stock after buying an additional 739 shares during the quarter. Good Life Advisors LLC’s holdings in Aflac were worth $3,446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in shares of Aflac in the second quarter valued at approximately $25,000. Atwood & Palmer Inc. lifted its holdings in Aflac by 80.0% during the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock worth $27,000 after buying an additional 140 shares in the last quarter. OFI Invest Asset Management purchased a new position in Aflac in the 1st quarter valued at approximately $29,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Aflac during the first quarter worth $34,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Aflac in the second quarter valued at $54,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Thomas J. Kenny sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following the transaction, the director now owns 18,158 shares in the company, valued at $1,796,552.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AFL. JPMorgan Chase & Co. upped their price target on Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Bank of America upped their target price on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Citigroup lifted their price target on shares of Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Truist Financial increased their price objective 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, UBS Group lifted their price objective on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Aflac presently has an average rating of “Hold” and a consensus price target of $97.53.

Aflac Stock Performance

Shares of AFL traded up $0.52 during midday trading on Thursday, reaching $114.90. 352,457 shares of the stock were exchanged, compared to its average volume of 2,233,533. The company has a market capitalization of $65.29 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 2.62 and a beta of 0.95. 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 Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The business’s 50-day moving average price is $108.85 and its 200 day moving average price is $95.49.

Aflac (NYSE:AFL) last issued its quarterly earnings data 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 company 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 firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, sell-side analysts expect that Aflac Incorporated will post 6.76 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 1.74%. Aflac’s dividend payout ratio is presently 22.08%.

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.