31,259 Shares in Aflac Incorporated (NYSE:AFL) Acquired by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC acquired a new stake in shares of Aflac Incorporated (NYSE:AFL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,259 shares of the financial services provider’s stock, valued at approximately $3,495,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aptus Capital Advisors LLC grew its position in Aflac by 79.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 27,354 shares of the financial services provider’s stock worth $3,058,000 after purchasing an additional 12,131 shares during the period. 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 worth $8,800,000 after acquiring an additional 5,912 shares during the period. M&G Plc purchased a new stake in shares of Aflac during the 2nd quarter worth about $2,535,000. Massmutual Trust Co. FSB ADV grew its position 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 valued at $721,000 after acquiring an additional 6,882 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Aflac by 161.0% in the 1st quarter. Cetera Investment Advisers now owns 311,239 shares of the financial services provider’s stock valued at $26,723,000 after purchasing an additional 191,975 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AFL. Truist Financial raised their price objective on Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a report on Friday, November 1st. Piper Sandler lifted their price target on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. UBS Group upped 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. JPMorgan Chase & Co. lifted their target price on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, Barclays started coverage on Aflac in a research note on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $97.93.

Aflac Stock Performance

NYSE:AFL opened at $112.09 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08. The business’s fifty day moving average price is $110.66 and its 200 day moving average price is $100.24. The firm has a market capitalization of $62.27 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The business’s revenue was down 40.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 earnings per share. On average, sell-side analysts anticipate that Aflac Incorporated will post 7.22 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a yield of 1.78%. Aflac’s dividend payout ratio is currently 30.12%.

Aflac Profile

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.