1,928 Shares in Aflac Incorporated (NYSE:AFL) Bought by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC purchased a new stake in Aflac Incorporated (NYSE:AFL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,928 shares of the financial services provider’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC grew its stake in shares of Aflac by 19.4% during the first quarter. Lazard Asset Management LLC now owns 1,520 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 247 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Aflac by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 882,906 shares of the financial services provider’s stock valued at $75,808,000 after acquiring an additional 12,357 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Aflac during the 1st quarter worth about $270,000. Tidal Investments LLC lifted its stake in Aflac by 12.8% during the first quarter. Tidal Investments LLC now owns 46,783 shares of the financial services provider’s stock worth $4,016,000 after purchasing an additional 5,317 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in Aflac by 1.7% in the first quarter. Jaffetilchin Investment Partners LLC now owns 7,254 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Price Performance

Aflac stock opened at $114.01 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08. The business has a 50 day simple moving average of $110.88 and a 200-day simple moving average of $101.05. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50. The stock has a market capitalization of $63.34 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96.

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. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 EPS. Equities analysts predict that Aflac Incorporated will post 7.22 earnings per share for the current year.

Aflac Announces Dividend

The firm 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.75%. The ex-dividend date is Wednesday, November 20th. Aflac’s payout ratio is 30.12%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AFL shares. Truist Financial raised their price objective on shares of Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their price target on shares of Aflac from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. UBS Group upped their price objective on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Evercore ISI lifted their target price on Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, September 26th. Finally, TD Cowen started coverage on Aflac in a research report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $97.93.

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.