Curi RMB Capital LLC Sells 632 Shares of Aflac Incorporated (NYSE:AFL)

Curi RMB Capital LLC reduced its holdings in Aflac Incorporated (NYSE:AFL) by 25.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,815 shares of the financial services provider’s stock after selling 632 shares during the quarter. Curi RMB Capital LLC’s holdings in Aflac were worth $203,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Y.D. More Investments Ltd acquired a new position in Aflac in the 2nd quarter worth $25,000. Covestor Ltd lifted its holdings in shares of Aflac by 41.8% in the third quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 107 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of Aflac during the third quarter worth about $45,000. Cedar Wealth Management LLC acquired a new stake in Aflac in the 1st quarter valued at approximately $50,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Aflac in the 3rd quarter valued at approximately $51,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AFL. Piper Sandler raised their price target on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price target on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. 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. Morgan Stanley lifted their target price on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Finally, Barclays began coverage on Aflac in a research report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target for the company. Three investment 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’s stock. According to MarketBeat.com, Aflac currently has an average rating of “Hold” and an average target price of $97.93.

Aflac Stock Up 1.5 %

AFL opened at $111.32 on Friday. The stock’s fifty day simple moving average is $110.41 and its 200 day simple moving average is $99.48. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50. The stock has a market cap of $61.84 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.32.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.47. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company’s revenue was down 40.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 earnings per share. As a group, research analysts expect that Aflac Incorporated will post 7.22 earnings per share 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac’s dividend payout ratio is presently 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.