Aflac Incorporated (NYSE:AFL) Stock Position Raised by Catalina Capital Group LLC

Catalina Capital Group LLC lifted its position in Aflac Incorporated (NYSE:AFL) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,283 shares of the financial services provider’s stock after acquiring an additional 260 shares during the quarter. Catalina Capital Group LLC’s holdings in Aflac were worth $479,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AFL. Norden Group LLC purchased a new stake in shares of Aflac in the 1st quarter valued at approximately $215,000. GSA Capital Partners LLP purchased a new stake in shares of Aflac in the 1st quarter valued at approximately $631,000. Advisory Services Network LLC lifted its position in shares of Aflac by 14.6% in the 1st quarter. Advisory Services Network LLC now owns 36,925 shares of the financial services provider’s stock valued at $3,170,000 after acquiring an additional 4,711 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Aflac by 3.1% in the 1st quarter. Empirical Finance LLC now owns 20,906 shares of the financial services provider’s stock valued at $1,795,000 after acquiring an additional 636 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Aflac by 78.2% in the 1st quarter. Empowered Funds LLC now owns 28,101 shares of the financial services provider’s stock worth $2,413,000 after buying an additional 12,335 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Stock Performance

NYSE:AFL opened at $108.56 on Thursday. Aflac Incorporated has a 1 year low of $75.07 and a 1 year high of $115.50. The firm’s fifty day simple moving average is $110.42 and its 200 day simple moving average is $98.32. The company has a current ratio of 0.08, a quick ratio of 0.10 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $60.80 billion, a PE ratio of 16.35, a PEG ratio of 2.07 and a beta of 0.96.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the business posted $1.84 EPS. Aflac’s revenue was down 40.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Aflac Incorporated will post 7.05 EPS for the current year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be given a $0.50 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a yield of 1.84%. Aflac’s dividend payout ratio is 30.12%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Bank of America increased their target price on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their target price on shares of Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Truist Financial increased their target price on shares of Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, UBS Group raised 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. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Aflac presently has an average rating of “Hold” and an average price target of $97.93.

About Aflac

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.