OneAscent Financial Services LLC Trims Position in Aflac Incorporated (NYSE:AFL)

OneAscent Financial Services LLC trimmed its stake in Aflac Incorporated (NYSE:AFL) by 40.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,023 shares of the financial services provider’s stock after selling 1,391 shares during the period. OneAscent Financial Services LLC’s holdings in Aflac were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Y.D. More Investments Ltd bought a new position in shares of Aflac during the 2nd quarter worth $25,000. Covestor Ltd lifted its stake in Aflac by 41.8% in the third quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 107 shares during the period. Kennebec Savings Bank bought a new position in Aflac during the 3rd quarter worth about $45,000. Catalyst Capital Advisors LLC purchased a new position in Aflac during the 3rd quarter valued at about $51,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Aflac in the 3rd quarter valued at about $52,000. 67.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AFL. Morgan Stanley increased their price objective on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their price target on Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Piper Sandler upped their price objective on Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. UBS Group lifted their target price on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, Barclays began coverage on shares of Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 target price for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $97.93.

Aflac Stock Down 0.8 %

AFL stock opened at $111.12 on Wednesday. The stock has a market capitalization of $61.73 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $110.52 and a 200 day moving average of $100.09.

Aflac (NYSE:AFL) last posted its quarterly earnings data 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 business had revenue of $2.95 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 earnings per share. Sell-side analysts forecast that Aflac Incorporated will post 7.22 earnings per share for the current year.

Aflac Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a yield of 1.80%. Aflac’s payout ratio is presently 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.