468 Shares in Aflac Incorporated (NYSE:AFL) Acquired by Peterson Financial Group Inc.

Peterson Financial Group Inc. bought a new position in shares of Aflac Incorporated (NYSE:AFL) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 468 shares of the financial services provider’s stock, valued at approximately $52,000.

Several other large investors have also recently added to or reduced their stakes in AFL. Y.D. More Investments Ltd purchased a new stake in shares of Aflac in the 2nd quarter valued at approximately $25,000. Covestor Ltd increased its position in shares of Aflac by 41.8% in the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 107 shares during the last quarter. Kennebec Savings Bank purchased a new stake in shares of Aflac in the 3rd quarter valued at approximately $45,000. Cedar Wealth Management LLC purchased a new stake in shares of Aflac in the 1st quarter valued at approximately $50,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Aflac in the 3rd quarter valued at approximately $51,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Citigroup increased their price objective 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. UBS Group upped their target price on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. upped their target price on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. TD Cowen assumed coverage on shares of Aflac in a report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price for the company. Finally, Wells Fargo & Company upped their target price on shares of Aflac from $106.00 to $107.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $97.93.

Aflac Stock Up 1.5 %

Shares of NYSE:AFL opened at $111.32 on Friday. The stock has a market cap of $61.84 billion, a P/E ratio of 16.77, a P/E/G ratio of 2.13 and a beta of 0.96. The firm has a fifty day moving average price of $110.41 and a 200 day moving average price of $99.59. 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 Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. The firm had revenue of $2.95 billion during 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%. Aflac’s quarterly revenue 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. Sell-side analysts predict that Aflac Incorporated will post 7.22 EPS for the current year.

Aflac Announces Dividend

The company also recently announced 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 1.80%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac’s payout ratio is 30.12%.

About Aflac

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.