Affinity Capital Advisors LLC Makes New $221,000 Investment in Aflac Incorporated (NYSE:AFL)

Affinity Capital Advisors LLC acquired a new stake in shares of Aflac Incorporated (NYSE:AFL) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,977 shares of the financial services provider’s stock, valued at approximately $221,000.

A number of other hedge funds also recently made changes to their positions in the stock. Y.D. More Investments Ltd purchased a new stake in Aflac during the second quarter valued at about $25,000. Atwood & Palmer Inc. raised 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 valued at $27,000 after buying an additional 140 shares in the last quarter. OFI Invest Asset Management bought a new stake in Aflac in the 1st quarter worth approximately $29,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Aflac in the first quarter worth approximately $34,000. Finally, Fairscale Capital LLC bought a new position in Aflac during the second quarter valued at approximately $54,000. 67.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AFL has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on shares of Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. UBS Group upped their price target 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. Bank of America lifted their price objective on Aflac from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Jefferies Financial Group reduced their price target on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $95.43.

Insider Buying and Selling

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total transaction of $197,880.00. Following the completion of the transaction, the director now owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is owned by company insiders.

Aflac Trading Down 3.0 %

NYSE:AFL opened at $111.84 on Tuesday. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $106.42 and a 200-day moving average price of $94.01. The stock has a market cap of $63.55 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 2.60 and a beta of 0.95.

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

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s dividend payout ratio is presently 22.08%.

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.