Brendel Financial Advisors LLC Decreases Stake in Aflac Incorporated (NYSE:AFL)

Brendel Financial Advisors LLC trimmed its position in Aflac Incorporated (NYSE:AFL) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,578 shares of the financial services provider’s stock after selling 689 shares during the period. Aflac accounts for 2.4% of Brendel Financial Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Brendel Financial Advisors LLC’s holdings in Aflac were worth $4,313,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Ascent Group LLC boosted its stake in shares of Aflac by 0.6% during the 2nd quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after purchasing an additional 99 shares in the last quarter. Ieq Capital LLC lifted its holdings in Aflac by 0.5% in the second quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock worth $1,945,000 after buying an additional 101 shares during the period. Forum Financial Management LP boosted its position in Aflac by 1.3% during the 2nd quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock valued at $745,000 after acquiring an additional 107 shares in the last quarter. Copperwynd Financial LLC grew its holdings in shares of 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 during the period. Finally, Bank of New Hampshire raised its position 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 worth $3,591,000 after acquiring an additional 112 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Insider Transactions at Aflac

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the firm’s 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 sale, the director now directly owns 18,158 shares of the company’s stock, valued at $1,796,552.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Aflac Stock Performance

Shares of AFL stock traded up $0.54 during mid-day trading on Thursday, reaching $111.60. 487,978 shares of the company’s stock traded hands, compared to its average volume of 2,246,854. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market capitalization of $63.41 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50. The firm has a 50 day moving average price of $107.42 and a two-hundred day moving average price of $94.51.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 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 analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the business posted $1.58 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. On average, research analysts forecast that Aflac Incorporated will post 6.75 EPS for the current year.

Aflac Announces Dividend

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

Analysts Set New Price Targets

AFL has been the subject of several research reports. Truist Financial increased their price target on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Piper Sandler raised their target price on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group dropped 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. Bank of America raised their price objective on Aflac from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley lifted their price objective on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Aflac has a consensus rating of “Hold” and an average target price of $96.93.

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.