Aflac Incorporated (NYSE:AFL) Shares Sold by Investors Research Corp

Investors Research Corp reduced its stake in Aflac Incorporated (NYSE:AFL) by 55.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 282 shares of the financial services provider’s stock after selling 350 shares during the period. Investors Research Corp’s holdings in Aflac were worth $32,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Spinnaker Trust raised its holdings in shares of Aflac by 2.7% in the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock valued at $405,000 after buying an additional 95 shares during the period. Secure Asset Management LLC lifted its position 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 grew its holdings in shares of Aflac by 0.6% in the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after purchasing an additional 99 shares in the last quarter. Ieq Capital LLC increased its stake in Aflac by 0.5% during the 2nd quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock worth $1,945,000 after buying an additional 101 shares during the period. Finally, New Century Financial Group LLC lifted its holdings in Aflac by 2.5% during 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 in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AFL shares. JPMorgan Chase & Co. increased their price target on Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Bank of America lifted their price target on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Barclays assumed coverage on shares of Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price objective on the stock. UBS Group boosted their target price on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Finally, Evercore ISI raised their price target on Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Aflac has an average rating of “Hold” and a consensus price target of $97.93.

Aflac Stock Up 1.7 %

AFL opened at $112.09 on Friday. The business has a 50 day moving average price of $110.66 and a two-hundred day moving average price of $100.24. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50. The company has a market cap of $62.27 billion, a PE ratio of 16.88, a P/E/G ratio of 2.14 and a beta of 0.96. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. Aflac’s quarterly revenue was down 40.4% on a year-over-year basis. As a group, research analysts anticipate that Aflac Incorporated will post 7.22 EPS for the current year.

Aflac Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 annualized dividend and a dividend yield of 1.78%. 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.