Aflac Incorporated (NYSE:AFL) Shares Bought by Hanlon Investment Management Inc.

Hanlon Investment Management Inc. increased its stake in Aflac Incorporated (NYSE:AFL) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,077 shares of the financial services provider’s stock after acquiring an additional 537 shares during the period. Hanlon Investment Management Inc.’s holdings in Aflac were worth $632,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Atwood & Palmer Inc. boosted its holdings in shares of Aflac by 80.0% in the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 140 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Aflac in the 1st quarter worth $29,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Aflac in the 1st quarter worth $34,000. Sachetta LLC acquired a new position in Aflac in the fourth quarter valued at $35,000. Finally, Cedar Wealth Management LLC purchased a new stake in Aflac during the first quarter valued at about $50,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup raised their price objective on Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Piper Sandler boosted their price objective on shares of Aflac from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Morgan Stanley increased their price objective on shares of Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Truist Financial lifted their target price on shares of Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, Bank of America increased their price target on Aflac from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.50.

Insider Buying and Selling

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the 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 transaction, the director now owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.90% of the company’s stock.

Aflac Stock Performance

Shares of AFL opened at $108.86 on Friday. The firm has a market cap of $61.86 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 2.61 and a beta of 0.95. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $99.12 and its two-hundred day moving average is $89.89. Aflac Incorporated has a 52-week low of $73.79 and a 52-week high of $111.14.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.23. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. Analysts forecast that Aflac Incorporated will post 6.73 EPS for the current fiscal year.

Aflac Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Investors 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 1.84%. Aflac’s dividend payout ratio (DPR) is 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.