Aflac Incorporated (NYSE:AFL) Holdings Raised by Ranch Capital Advisors Inc.

Ranch Capital Advisors Inc. lifted its position in Aflac Incorporated (NYSE:AFL) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,616 shares of the financial services provider’s stock after acquiring an additional 196 shares during the period. Aflac comprises approximately 1.7% of Ranch Capital Advisors Inc.’s holdings, making the stock its 12th largest position. Ranch Capital Advisors Inc.’s holdings in Aflac were worth $3,181,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AFL. Y.D. More Investments Ltd bought a new position in shares of Aflac in the 2nd quarter valued at approximately $25,000. Atwood & Palmer Inc. boosted its holdings in shares of Aflac by 80.0% during the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock worth $27,000 after buying an additional 140 shares during the period. OFI Invest Asset Management acquired a new position in Aflac in the 1st quarter valued at $29,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Aflac in the 1st quarter worth $34,000. Finally, Sachetta LLC acquired a new position in Aflac during the 4th quarter worth $35,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their target price 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 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. Piper Sandler lifted their price objective on Aflac from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. Jefferies Financial Group dropped their target price on shares of Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Finally, Citigroup lifted their target price on Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $92.50.

Aflac Price Performance

NYSE:AFL opened at $107.87 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 12-month low of $74.89 and a 12-month high of $111.14. The stock’s 50 day moving average price is $102.57 and its two-hundred day moving average price is $91.68. The firm has a market capitalization of $61.29 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 2.53 and a beta of 0.95.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.60 by $0.23. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. On average, analysts anticipate that Aflac Incorporated will post 6.75 earnings per share for the current year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Wednesday, August 21st. Aflac’s dividend payout ratio (DPR) is currently 22.08%.

Insider Activity at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the transaction, the director now directly owns 18,158 shares of the company’s stock, valued at $1,796,552.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by insiders.

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.