True North Advisors LLC Buys 802 Shares of Aflac Incorporated (NYSE:AFL)

True North Advisors LLC grew its stake in shares of Aflac Incorporated (NYSE:AFL) by 19.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,826 shares of the financial services provider’s stock after purchasing an additional 802 shares during the quarter. True North Advisors LLC’s holdings in Aflac were worth $540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AFL. Ascent Group LLC boosted its position in shares of Aflac by 0.6% during the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after buying an additional 99 shares during the period. Ieq Capital LLC raised its holdings in shares of Aflac by 0.5% in the second quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after acquiring an additional 101 shares in the last quarter. Forum Financial Management LP lifted its stake in Aflac by 1.3% in the second quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock worth $745,000 after acquiring an additional 107 shares during the period. Copperwynd Financial LLC grew its holdings in Aflac by 3.7% during the 2nd quarter. Copperwynd Financial LLC now owns 3,029 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 109 shares in the last quarter. Finally, Bank of New Hampshire raised its holdings in shares of Aflac by 0.3% in the 3rd quarter. Bank of New Hampshire now owns 32,120 shares of the financial services provider’s stock valued at $3,591,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the topic of a number of recent research reports. Wells Fargo & Company increased 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 boosted their price target on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Truist Financial upped their price objective on Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their target price on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Finally, Evercore ISI increased their price target on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $95.87.

Insider Transactions at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the transaction, the director now owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Aflac Trading Up 0.6 %

Shares of Aflac stock opened at $112.47 on Wednesday. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50. The stock has a market cap of $63.91 billion, a P/E ratio of 12.41, a P/E/G ratio of 2.60 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The stock’s 50 day simple moving average is $107.11 and its 200-day simple moving average is $94.39.

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

Aflac Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 1.78%. Aflac’s dividend payout ratio is currently 22.08%.

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.