2,266 Shares in Aflac Incorporated (NYSE:AFL) Purchased by Howard Capital Management Inc.

Howard Capital Management Inc. acquired a new position in shares of Aflac Incorporated (NYSE:AFL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,266 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other large investors also recently added to or reduced their stakes in AFL. Forum Financial Management LP grew its stake in shares of Aflac by 1.3% during the second quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock worth $745,000 after purchasing an additional 107 shares during the period. TriaGen Wealth Management LLC boosted its holdings in Aflac by 3.6% during the second quarter. TriaGen Wealth Management LLC now owns 3,377 shares of the financial services provider’s stock worth $302,000 after buying an additional 117 shares during the last quarter. Graypoint LLC grew its position in shares of Aflac by 2.0% during the 2nd quarter. Graypoint LLC now owns 5,988 shares of the financial services provider’s stock worth $535,000 after buying an additional 118 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in shares of Aflac by 1.7% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 7,254 shares of the financial services provider’s stock valued at $623,000 after acquiring an additional 121 shares during the last quarter. Finally, Burns Matteson Capital Management LLC raised its position in shares of Aflac by 4.1% in the 2nd quarter. Burns Matteson Capital Management LLC now owns 3,077 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 121 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AFL. Piper Sandler boosted their price objective on shares of Aflac from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, June 28th. UBS Group boosted their price target on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Jefferies Financial Group dropped their price objective on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. JPMorgan Chase & Co. lifted their target price on Aflac from $80.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, July 2nd. Finally, Truist Financial increased their price target on Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $92.50.

Aflac Trading Down 0.8 %

NYSE:AFL opened at $108.86 on Friday. The company has a market cap of $61.86 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 2.61 and a beta of 0.95. Aflac Incorporated has a twelve month low of $73.79 and a twelve month high of $111.14. The business has a 50 day moving average price of $99.12 and a two-hundred day moving average price of $89.89. 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 (NYSE:AFL) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.60 by $0.23. Aflac had a net margin of 28.35% and a return on equity of 16.22%. 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 company posted $1.58 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. As a group, analysts expect that Aflac Incorporated will post 6.73 EPS for the current fiscal year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s payout ratio is 22.08%.

Insider Buying and Selling

In other news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following the completion of the sale, the director now owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by corporate insiders.

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.