Aflac Incorporated (NYSE:AFL) is Core Alternative Capital’s 10th Largest Position

Core Alternative Capital trimmed its stake in Aflac Incorporated (NYSE:AFL) by 6.3% in the 4th quarter, HoldingsChannel reports. The firm owned 85,644 shares of the financial services provider’s stock after selling 5,738 shares during the period. Aflac makes up 1.9% of Core Alternative Capital’s portfolio, making the stock its 10th largest holding. Core Alternative Capital’s holdings in Aflac were worth $8,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AFL. Darwin Wealth Management LLC purchased a new stake in shares of Aflac in the 3rd quarter worth $34,000. Raelipskie Partnership purchased a new stake in shares of Aflac in the 3rd quarter worth $38,000. Covestor Ltd increased its stake in Aflac by 41.8% in the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock worth $41,000 after buying an additional 107 shares in the last quarter. Kennebec Savings Bank purchased a new stake in Aflac in the 3rd quarter worth $45,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Aflac during the third quarter valued at about $51,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Piper Sandler decreased their price target on Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a report on Friday. Barclays decreased their price target on Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a report on Friday. StockNews.com cut Aflac from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price target on Aflac from $103.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, Truist Financial raised their price target on Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Aflac has an average rating of “Hold” and a consensus target price of $103.21.

Insider Activity

In other news, EVP Audrey B. Tillman sold 24,744 shares of Aflac stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the completion of the sale, the executive vice president now owns 222,618 shares of the company’s stock, valued at approximately $23,018,701.20. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Aflac Stock Down 1.0 %

Shares of NYSE:AFL opened at $102.57 on Tuesday. Aflac Incorporated has a 1 year low of $77.01 and a 1 year high of $115.50. The business has a 50 day simple moving average of $104.66 and a two-hundred day simple moving average of $106.96. The firm has a market capitalization of $56.98 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 2.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a net margin of 28.76% and a return on equity of 16.20%. On average, equities analysts predict that Aflac Incorporated will post 6.95 EPS for the current year.

Aflac Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Aflac’s previous quarterly dividend of $0.50. Aflac’s payout ratio is currently 24.17%.

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.