Larson Financial Group LLC Purchases 3,819 Shares of Aflac Incorporated (NYSE:AFL)

Larson Financial Group LLC boosted its position in Aflac Incorporated (NYSE:AFL) by 12.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,182 shares of the financial services provider’s stock after acquiring an additional 3,819 shares during the period. Larson Financial Group LLC’s holdings in Aflac were worth $3,933,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AFL. Y.D. More Investments Ltd bought a new stake in shares of Aflac in the second quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in Aflac in the 3rd quarter worth approximately $34,000. Covestor Ltd lifted its holdings in Aflac by 41.8% in the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock worth $41,000 after buying an additional 107 shares during the period. Kennebec Savings Bank bought a new stake in shares of Aflac in the 3rd quarter worth approximately $45,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Aflac during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AFL. Bank of America raised their price target on Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on shares of Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Truist Financial boosted their price target on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, November 1st. UBS Group increased their price target 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, TD Cowen began 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. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Aflac currently has a consensus rating of “Hold” and an average price target of $97.93.

Aflac Stock Performance

Shares of AFL opened at $112.39 on Friday. The firm has a market capitalization of $62.44 billion, a P/E ratio of 16.93, a PEG ratio of 2.15 and a beta of 0.96. 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 fifty day moving average of $110.73 and a 200 day moving average of $100.55. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50.

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

Aflac Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a dividend yield of 1.78%. Aflac’s payout ratio is 30.12%.

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.