JNBA Financial Advisors Sells 443 Shares of Aflac Incorporated (NYSE:AFL)

JNBA Financial Advisors reduced its position in shares of Aflac Incorporated (NYSE:AFL) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 217,892 shares of the financial services provider’s stock after selling 443 shares during the quarter. Aflac comprises about 2.5% of JNBA Financial Advisors’ portfolio, making the stock its 9th biggest position. JNBA Financial Advisors’ holdings in Aflac were worth $24,360,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AFL. Spinnaker Trust lifted its holdings in Aflac by 2.7% during the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 95 shares in the last quarter. Secure Asset Management LLC lifted its position in Aflac by 1.0% in the third quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 96 shares during the last quarter. Ascent Group LLC grew its holdings in Aflac by 0.6% in the 2nd quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock worth $1,539,000 after acquiring an additional 99 shares during the last quarter. Ieq Capital LLC increased its holdings in Aflac by 0.5% during the 2nd quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after purchasing an additional 101 shares during the period. Finally, New Century Financial Group LLC increased its position in Aflac by 2.5% during the 3rd quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 101 shares during the period. 67.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AFL has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, September 26th. Citigroup upped their target price on Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Piper Sandler increased their target price on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen initiated coverage on Aflac in a research report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price objective for the company. Finally, Morgan Stanley lifted 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. 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.93.

Aflac Stock Up 1.8 %

Shares of AFL stock traded up $1.87 on Wednesday, hitting $107.43. The company’s stock had a trading volume of 650,772 shares, compared to its average volume of 2,232,253. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week high of $115.50. The stock has a market capitalization of $60.16 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 2.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.10. The firm’s fifty day moving average price is $110.42 and its 200-day moving average price is $98.25.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.47. The firm had revenue of $2.95 billion for 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 business’s revenue for the quarter was down 40.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.84 EPS. Research analysts anticipate that Aflac Incorporated will post 7.05 EPS for the current year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, November 20th. Aflac’s payout ratio is presently 30.12%.

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.