International Assets Investment Management LLC Has $455,000 Stake in Aflac Incorporated (NYSE:AFL)

International Assets Investment Management LLC reduced its position in shares of Aflac Incorporated (NYSE:AFL) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,100 shares of the financial services provider’s stock after selling 348 shares during the quarter. International Assets Investment Management LLC’s holdings in Aflac were worth $455,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AFL. Atwood & Palmer Inc. grew its holdings in shares of Aflac by 80.0% during the first quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock valued at $27,000 after buying an additional 140 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Aflac during the 1st quarter worth about $29,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Aflac during the 1st quarter valued at about $34,000. Sachetta LLC acquired a new position in shares of Aflac in the 4th quarter valued at about $35,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Aflac in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AFL. Bank of America boosted their price objective on shares of Aflac from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their target price on shares of Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Truist Financial upped their price target on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. StockNews.com upgraded Aflac from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Piper Sandler boosted their target price on Aflac from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $91.69.

Aflac Stock Up 0.6 %

Shares of AFL stock opened at $110.34 on Friday. Aflac Incorporated has a 12 month low of $73.62 and a 12 month high of $110.68. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The firm has a market cap of $62.70 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95. The stock has a 50 day moving average of $96.70 and a 200-day moving average of $88.61.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.60 by $0.23. The firm had revenue of $5.14 billion during 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 business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 EPS. On average, equities analysts predict that Aflac Incorporated will post 6.48 EPS for the current year.

Aflac Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 2nd. Investors of record on Wednesday, August 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, August 21st. Aflac’s payout ratio is presently 22.08%.

Insider Buying and Selling

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 transaction of $197,880.00. Following the transaction, the director now directly owns 18,158 shares in the company, valued at $1,796,552.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by company insiders.

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.