Aflac Incorporated (NYSE:AFL) Shares Purchased by Capital City Trust Co. FL

Capital City Trust Co. FL boosted its holdings in shares of Aflac Incorporated (NYSE:AFL) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,120 shares of the financial services provider’s stock after buying an additional 162 shares during the period. Capital City Trust Co. FL’s holdings in Aflac were worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Aflac Stock Up 1.5 %

Shares of NYSE AFL opened at $111.32 on Monday. Aflac Incorporated has a 1 year low of $75.07 and a 1 year high of $115.50. The company has a market capitalization of $61.84 billion, a P/E ratio of 16.77, a P/E/G ratio of 2.15 and a beta of 0.96. The company has a 50 day simple moving average of $110.41 and a 200-day simple moving average of $99.70. 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 posted its earnings results 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. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The firm’s quarterly revenue was down 40.4% compared to the same quarter last year. On average, equities research analysts predict that Aflac Incorporated will post 7.22 earnings per share for the current year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 annualized dividend and a yield of 1.80%. Aflac’s dividend payout ratio (DPR) is currently 30.12%.

Analyst Upgrades and Downgrades

AFL has been the subject of a number of research analyst reports. Piper Sandler increased their target price on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Bank of America raised their price objective on Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 10th. UBS Group upped their target price on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. TD Cowen assumed coverage on shares of Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Aflac from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently 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.