Aflac Incorporated (NYSE:AFL) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. raised its holdings in shares of Aflac Incorporated (NYSE:AFL) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 531 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Raleigh Capital Management Inc.’s holdings in Aflac were worth $55,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of Aflac by 10,878.5% during the third quarter. International Assets Investment Management LLC now owns 559,903 shares of the financial services provider’s stock worth $62,597,000 after buying an additional 554,803 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Aflac by 471.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 600,000 shares of the financial services provider’s stock valued at $67,080,000 after acquiring an additional 495,000 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Aflac by 670.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 556,576 shares of the financial services provider’s stock worth $57,572,000 after acquiring an additional 484,378 shares in the last quarter. Truist Financial Corp increased its position in shares of Aflac by 26.6% in the 2nd quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock worth $172,338,000 after purchasing an additional 405,847 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Aflac in the 3rd quarter valued at about $42,290,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AFL has been the topic of a number of research analyst reports. Barclays increased their target price on Aflac from $96.00 to $98.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. TD Cowen initiated coverage on Aflac in a research note on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective on the stock. StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. 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 report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Aflac from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Aflac currently has a consensus rating of “Hold” and a consensus target price of $102.67.

Insider Activity at Aflac

In related news, EVP Audrey B. Tillman sold 24,744 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the completion of the sale, the executive vice president now directly owns 222,618 shares of the company’s stock, valued at $23,018,701.20. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Aflac Stock Up 0.1 %

Aflac stock opened at $104.43 on Friday. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50. The stock has a market cap of $58.02 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 2.13 and a beta of 1.00. The company’s 50-day moving average price is $106.12 and its two-hundred day moving average price is $105.71. 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 posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. The business 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 business’s revenue for the quarter was down 40.4% on a year-over-year basis. During the same quarter last year, the business earned $1.84 earnings per share. On average, analysts expect that Aflac Incorporated will post 7.26 EPS for the current fiscal year.

Aflac Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be issued a $0.58 dividend. This is a positive change from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, February 19th. This represents a $2.32 annualized dividend and a dividend yield of 2.22%. Aflac’s dividend payout ratio is 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.