HMS Capital Management LLC Purchases 137 Shares of Aflac Incorporated (NYSE:AFL)

HMS Capital Management LLC grew its position in shares of Aflac Incorporated (NYSE:AFL) by 6.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,385 shares of the financial services provider’s stock after buying an additional 137 shares during the quarter. HMS Capital Management LLC’s holdings in Aflac were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Czech National Bank grew its position in shares of Aflac by 6.4% during the 2nd quarter. Czech National Bank now owns 98,535 shares of the financial services provider’s stock worth $8,800,000 after purchasing an additional 5,912 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Aflac by 3.3% in 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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. M&G Plc acquired a new stake in shares of Aflac during the 2nd quarter worth $2,535,000. Finally, Koshinski Asset Management Inc. acquired a new position in Aflac in the first quarter valued at about $832,000. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup boosted their target price 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. Bank of America raised their target price on Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their price target on Aflac from $106.00 to $107.00 and gave the stock an “equal weight” rating in a report on Tuesday. Evercore ISI upped their price objective on Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, September 26th. Finally, Piper Sandler lifted their target price on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Three research 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 stock presently has a consensus rating of “Hold” and a consensus price target of $97.93.

Aflac Stock Up 1.0 %

Shares of NYSE:AFL opened at $105.52 on Wednesday. The business has a fifty day simple moving average of $110.42 and a 200 day simple moving average of $98.25. Aflac Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50. The firm has a market cap of $59.09 billion, a P/E ratio of 15.89, a P/E/G ratio of 2.07 and a beta of 0.96. The company has a quick ratio of 0.10, a current ratio of 0.08 and a debt-to-equity ratio of 0.32.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The firm’s revenue was down 40.4% compared to the same quarter last year. During the same period last year, the company earned $1.84 earnings per share. Analysts predict that Aflac Incorporated will post 7.05 earnings per share for the current year.

Aflac Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, November 20th. 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.