Prime Capital Investment Advisors LLC Sells 2,528 Shares of Aflac Incorporated (NYSE:AFL)

Prime Capital Investment Advisors LLC lessened its stake in shares of Aflac Incorporated (NYSE:AFL) by 11.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 20,110 shares of the financial services provider’s stock after selling 2,528 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Aflac were worth $2,248,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Y.D. More Investments Ltd purchased a new position in shares of Aflac during the 2nd quarter valued at about $25,000. Covestor Ltd lifted its position in shares of Aflac by 41.8% during the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock valued at $41,000 after buying an additional 107 shares in the last quarter. Kennebec Savings Bank purchased a new position in shares of Aflac during the 3rd quarter valued at about $45,000. Catalyst Capital Advisors LLC purchased a new position in shares of Aflac during the 3rd quarter valued at about $51,000. Finally, Valued Wealth Advisors LLC lifted its position in shares of Aflac by 116.7% during the 3rd quarter. Valued Wealth Advisors LLC now owns 479 shares of the financial services provider’s stock valued at $54,000 after buying an additional 258 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

AFL has been the topic of a number of analyst reports. TD Cowen initiated coverage on Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Aflac from $106.00 to $107.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Bank of America boosted their price target on Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Truist Financial boosted their price target on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Evercore ISI boosted their price target on Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, September 26th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $97.93.

Aflac Stock Down 0.2 %

Shares of AFL opened at $110.44 on Thursday. The stock has a market capitalization of $61.35 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. Aflac Incorporated has a 1 year low of $75.07 and a 1 year high of $115.50. The business’s 50 day simple moving average is $110.36 and its 200-day simple moving average is $99.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08.

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 the consensus estimate of $1.69 by $0.47. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The company’s revenue for the quarter was down 40.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 EPS. As a group, equities analysts expect that Aflac Incorporated will post 7.22 earnings per share for the current fiscal year.

Aflac Announces Dividend

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