Clear Harbor Asset Management LLC Takes $211,000 Position in Aflac Incorporated (NYSE:AFL)

Clear Harbor Asset Management LLC bought a new stake in shares of Aflac Incorporated (NYSE:AFL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,885 shares of the financial services provider’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in shares of Aflac during the second quarter valued at about $25,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Aflac during the 1st quarter worth approximately $34,000. Cedar Wealth Management LLC bought a new position in Aflac in the first quarter worth approximately $50,000. Fairscale Capital LLC bought a new position in Aflac in the second quarter worth approximately $54,000. Finally, HHM Wealth Advisors LLC grew its stake in Aflac by 178.6% in the second quarter. HHM Wealth Advisors LLC now owns 624 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 400 shares during the period. 67.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the completion of the transaction, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AFL shares. JPMorgan Chase & Co. increased their target price on Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Bank of America raised their price objective on shares of Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Evercore ISI lifted their price objective on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, September 26th. Truist Financial upped their target price on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Morgan Stanley lifted their price target on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $97.53.

Aflac Trading Down 2.0 %

NYSE AFL opened at $109.75 on Monday. The business’s fifty day moving average is $110.32 and its 200-day moving average is $96.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $62.36 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 2.62 and a beta of 0.95. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.60 by $0.23. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts predict that Aflac Incorporated will post 6.76 EPS for the current year.

Aflac Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s dividend payout ratio is currently 22.08%.

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.