Kennebec Savings Bank Acquires Shares of 400 Aflac Incorporated (NYSE:AFL)

Kennebec Savings Bank acquired a new stake in shares of Aflac Incorporated (NYSE:AFL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 400 shares of the financial services provider’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Czech National Bank increased its holdings 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 valued at $8,800,000 after purchasing an additional 5,912 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of 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 purchasing an additional 22,637 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings 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 purchasing an additional 86,578 shares in the last quarter. M&G Plc purchased a new position in shares of Aflac during the 2nd quarter valued at approximately $2,535,000. Finally, Koshinski Asset Management Inc. purchased a new position in shares of Aflac during the 1st quarter valued at approximately $832,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Aflac Trading Up 2.0 %

Shares of AFL stock opened at $110.44 on Tuesday. The company’s 50-day moving average price is $110.33 and its 200-day moving average price is $98.76. The company has a current ratio of 0.08, a quick ratio of 0.10 and a debt-to-equity ratio of 0.32. The stock has a market cap of $61.35 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.10 and a beta of 0.96. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.47. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company’s revenue was down 40.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS. As a group, equities analysts predict that Aflac Incorporated will post 7.17 earnings per share for the current year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. Aflac’s payout ratio is currently 30.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Evercore ISI boosted their price target on shares of Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, September 26th. Barclays assumed coverage on shares of Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price target for the company. Morgan Stanley boosted their price target on shares of Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Finally, UBS Group boosted their price target on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $97.93.

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.