Aflac Incorporated (NYSE:AFL) Shares Purchased by Catalina Capital Group LLC

Catalina Capital Group LLC boosted its position in Aflac Incorporated (NYSE:AFL) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,283 shares of the financial services provider’s stock after buying an additional 260 shares during the quarter. Catalina Capital Group LLC’s holdings in Aflac were worth $479,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC increased its position in shares of Aflac by 4.1% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 6,649 shares of the financial services provider’s stock worth $743,000 after purchasing an additional 264 shares during the last quarter. Balentine LLC bought a new stake in shares of Aflac in the 3rd quarter worth about $1,093,000. HMS Capital Management LLC increased its position in shares of Aflac by 6.1% in the 3rd quarter. HMS Capital Management LLC now owns 2,385 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 137 shares during the last quarter. Hanlon Investment Management Inc. increased its position in shares of Aflac by 2.5% in the 3rd quarter. Hanlon Investment Management Inc. now owns 7,255 shares of the financial services provider’s stock worth $811,000 after purchasing an additional 178 shares during the last quarter. Finally, Clarity Financial LLC increased its position in shares of Aflac by 12.1% in the 3rd quarter. Clarity Financial LLC now owns 3,294 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 356 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Bank of America boosted their target price on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Citigroup boosted their price objective on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Morgan Stanley boosted their price objective on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, UBS Group boosted their price objective on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Aflac currently has a consensus rating of “Hold” and an average target price of $97.93.

Aflac Trading Up 2.8 %

Shares of NYSE:AFL opened at $108.56 on Thursday. The company has a 50 day moving average of $110.42 and a 200-day moving average of $98.32. The firm has a market cap of $60.80 billion, a P/E ratio of 16.35, a P/E/G ratio of 2.07 and a beta of 0.96. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The company has a current ratio of 0.08, a quick ratio of 0.10 and a debt-to-equity ratio of 0.32.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the business posted $1.84 EPS. The business’s revenue for the quarter was down 40.4% compared to the same quarter last year. As a group, analysts anticipate that Aflac Incorporated will post 7.05 earnings per share for the current fiscal year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.84%. 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.