Farther Finance Advisors LLC Acquires 5,170 Shares of Aflac Incorporated (NYSE:AFL)

Farther Finance Advisors LLC lifted its holdings in shares of Aflac Incorporated (NYSE:AFL) by 60.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,771 shares of the financial services provider’s stock after buying an additional 5,170 shares during the period. Farther Finance Advisors LLC’s holdings in Aflac were worth $1,540,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Capital Advisors Inc. OK acquired a new position in Aflac during the third quarter valued at approximately $738,000. Lowe Brockenbrough & Co. Inc. bought a new stake in shares of Aflac during the 3rd quarter worth approximately $257,000. Valued Wealth Advisors LLC raised its stake in shares of Aflac by 116.7% during the 3rd quarter. Valued Wealth Advisors LLC now owns 479 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 258 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Aflac by 420.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,266 shares of the financial services provider’s stock valued at $812,000 after buying an additional 5,870 shares during the last quarter. Finally, Norris Perne & French LLP MI acquired a new position in Aflac during the third quarter worth $215,000. Institutional investors own 67.44% of the company’s stock.

Aflac Price Performance

NYSE:AFL opened at $104.71 on Monday. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.10 and a current ratio of 0.08. The firm’s 50-day simple moving average is $110.52 and its 200 day simple moving average is $97.93. The firm has a market cap of $58.64 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 2.12 and a beta of 0.96.

Aflac (NYSE:AFL) last announced its earnings results 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 company had revenue of $2.95 billion for 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%. The business’s revenue for the quarter was down 40.4% on a year-over-year basis. During the same period last year, the firm earned $1.84 earnings per share. As a group, sell-side analysts predict that Aflac Incorporated will post 6.87 earnings per share for the current year.

Aflac Dividend Announcement

The business also recently announced 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 of this dividend is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. Aflac’s payout ratio is 30.12%.

Insider Buying and Selling

In related news, Director Thomas J. Kenny sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following the completion of the transaction, the director now owns 18,158 shares of the company’s stock, valued at $1,796,552.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on AFL shares. Barclays initiated coverage on shares of Aflac in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price target for the company. UBS Group raised their target price 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. Truist Financial boosted their price target on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday. Evercore ISI raised their price objective on Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. lifted their target price on Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Three equities 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $97.87.

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.