Secure Asset Management LLC Purchases 96 Shares of Aflac Incorporated (NYSE:AFL)

Secure Asset Management LLC increased its position in Aflac Incorporated (NYSE:AFL) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,783 shares of the financial services provider’s stock after purchasing an additional 96 shares during the period. Secure Asset Management LLC’s holdings in Aflac were worth $1,094,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB lifted its stake in Aflac by 6.7% during the 1st quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider’s stock valued at $155,140,000 after acquiring an additional 113,226 shares during the period. Czech National Bank lifted its stake in Aflac by 6.4% during the 2nd quarter. Czech National Bank now owns 98,535 shares of the financial services provider’s stock valued at $8,800,000 after acquiring an additional 5,912 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Aflac by 3.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 718,067 shares of the financial services provider’s stock valued at $61,653,000 after acquiring an additional 22,637 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Aflac by 13.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 708,248 shares of the financial services provider’s stock valued at $60,810,000 after acquiring an additional 86,578 shares during the period. Finally, M&G Plc bought a new position in Aflac during the 2nd quarter valued at about $2,535,000. Institutional investors own 67.44% of the company’s stock.

Aflac Trading Down 0.4 %

Shares of AFL opened at $114.50 on Friday. 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 1 year low of $75.07 and a 1 year high of $115.50. The company has a 50 day simple moving average of $109.40 and a two-hundred day simple moving average of $95.83. The firm has a market cap of $65.06 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.23. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the firm posted $1.58 EPS. The company’s revenue was down .7% on a year-over-year basis. On average, equities analysts expect that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Wednesday, August 21st. Aflac’s dividend payout ratio (DPR) is currently 22.08%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AFL shares. Wells Fargo & Company upped their target price on shares of Aflac from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Truist Financial upped their price target 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. Barclays assumed coverage on shares of Aflac in a research report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target for the company. Evercore ISI upped their price target on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, September 26th. Finally, Citigroup upped their price target on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. 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 stock. According to data from MarketBeat.com, Aflac has an average rating of “Hold” and an average price target of $97.53.

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 stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the completion of the transaction, the director now directly owns 18,158 shares in the company, valued at approximately $1,796,552.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Aflac Company 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.