Blackhawk Capital Partners LLC. Decreases Stock Holdings in Aflac Incorporated (NYSE:AFL)

Blackhawk Capital Partners LLC. cut its holdings in Aflac Incorporated (NYSE:AFL) by 14.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,569 shares of the financial services provider’s stock after selling 1,737 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Aflac were worth $1,182,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Edgestream Partners L.P. increased its holdings in shares of Aflac by 9.5% in the 1st quarter. Edgestream Partners L.P. now owns 5,289 shares of the financial services provider’s stock worth $454,000 after buying an additional 457 shares during the last quarter. Bessemer Group Inc. raised its position in Aflac by 213.6% during the first quarter. Bessemer Group Inc. now owns 37,215 shares of the financial services provider’s stock valued at $3,195,000 after purchasing an additional 25,349 shares during the period. Crewe Advisors LLC bought a new stake in shares of Aflac in the 1st quarter valued at approximately $98,000. Vident Advisory LLC lifted its stake in shares of Aflac by 590.0% in the 1st quarter. Vident Advisory LLC now owns 55,618 shares of the financial services provider’s stock valued at $4,775,000 after purchasing an additional 47,557 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in shares of Aflac in the 1st quarter worth approximately $373,000. Institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

AFL has been the subject of a number of recent analyst reports. Barclays assumed coverage on shares of Aflac in a research note on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target for the company. Wells Fargo & Company upped their target price on Aflac from $106.00 to $107.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Piper Sandler upped their price objective on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. TD Cowen assumed coverage on shares of Aflac in a report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective for the company. Finally, UBS Group upped their target price on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.93.

Aflac Stock Performance

Shares of AFL opened at $110.24 on Thursday. The stock has a 50-day moving average of $110.58 and a two-hundred day moving average of $100.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $61.24 billion, a P/E ratio of 16.60, a P/E/G ratio of 2.14 and a beta of 0.96. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50.

Aflac (NYSE:AFL) last issued its earnings results 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. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm earned $1.84 earnings per share. Aflac’s revenue for the quarter was down 40.4% on a year-over-year basis. As a group, research analysts predict that Aflac Incorporated will post 7.22 EPS for the current year.

Aflac Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac’s payout ratio is 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.