Summit Trail Advisors LLC Purchases 4,494 Shares of Aflac Incorporated (NYSE:AFL)

Summit Trail Advisors LLC raised its position in Aflac Incorporated (NYSE:AFL) by 57.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,367 shares of the financial services provider’s stock after purchasing an additional 4,494 shares during the quarter. Summit Trail Advisors LLC’s holdings in Aflac were worth $1,383,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Strategic Financial Concepts LLC boosted its position in Aflac by 7,001.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider’s stock worth $596,000 after buying an additional 658,303 shares during the period. International Assets Investment Management LLC raised its stake 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 valued at $62,597,000 after acquiring an additional 554,803 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Aflac by 26.6% during the second 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 period. Swedbank AB acquired a new stake in Aflac in the first quarter valued at $27,588,000. Finally, Dimensional Fund Advisors LP raised its position in Aflac by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock worth $429,319,000 after purchasing an additional 285,576 shares during the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AFL has been the topic of a number of recent analyst reports. Piper Sandler lifted 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. 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 report on Tuesday, November 5th. Morgan Stanley lifted 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. Truist Financial increased their target price on shares of Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Bank of America lifted their price target 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. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $97.93.

Aflac Trading Up 0.6 %

NYSE AFL opened at $112.39 on Monday. 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 stock’s 50 day moving average is $110.73 and its 200 day moving average is $100.66. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The firm has a market capitalization of $62.44 billion, a PE ratio of 16.93, a P/E/G ratio of 2.15 and a beta of 0.96.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The company’s quarterly revenue was down 40.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 earnings per share. Research analysts forecast that Aflac Incorporated will post 7.22 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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac’s dividend payout ratio is currently 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.