Aflac Incorporated (NYSE:AFL) Holdings Boosted by Hanlon Investment Management Inc.

Hanlon Investment Management Inc. grew its stake in shares of Aflac Incorporated (NYSE:AFL) by 8.2% in the 2nd quarter, Holdings Channel reports. The firm owned 7,077 shares of the financial services provider’s stock after acquiring an additional 537 shares during the quarter. Hanlon Investment Management Inc.’s holdings in Aflac were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Forum Financial Management LP grew its stake in Aflac by 1.3% during the 2nd quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock worth $745,000 after buying an additional 107 shares during the last quarter. TriaGen Wealth Management LLC lifted its stake in Aflac by 3.6% in the second quarter. TriaGen Wealth Management LLC now owns 3,377 shares of the financial services provider’s stock valued at $302,000 after buying an additional 117 shares during the last quarter. Graypoint LLC boosted its holdings in shares of Aflac by 2.0% during the second quarter. Graypoint LLC now owns 5,988 shares of the financial services provider’s stock valued at $535,000 after acquiring an additional 118 shares during the period. Jaffetilchin Investment Partners LLC grew its position in shares of Aflac by 1.7% during the first quarter. Jaffetilchin Investment Partners LLC now owns 7,254 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 121 shares during the last quarter. Finally, Burns Matteson Capital Management LLC increased its holdings in shares of Aflac by 4.1% in the 2nd quarter. Burns Matteson Capital Management LLC now owns 3,077 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 121 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Aflac Stock Down 0.8 %

AFL stock opened at $108.86 on Friday. The firm has a market cap of $61.86 billion, a PE ratio of 12.02, a P/E/G ratio of 2.61 and a beta of 0.95. Aflac Incorporated has a 12 month low of $73.79 and a 12 month high of $111.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a 50 day simple moving average of $99.12 and a 200 day simple moving average of $89.89.

Aflac (NYSE:AFL) last announced 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 company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 EPS. Equities research analysts forecast that Aflac Incorporated will post 6.73 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.84%. Aflac’s dividend payout ratio is currently 22.08%.

Insider Buying and Selling at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were 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 of the company’s stock, valued at $1,796,552.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

AFL has been the subject of a number of analyst reports. Jefferies Financial Group reduced their target price on shares of Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Piper Sandler increased their price objective on Aflac from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Barclays assumed coverage on Aflac in a research report on Wednesday. They issued an “underweight” rating and a $96.00 target price on the stock. Morgan Stanley boosted their price target on Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Finally, Bank of America raised their price target on Aflac from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $92.50.

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.