Telos Capital Management Inc. Lowers Holdings in Aflac Incorporated (NYSE:AFL)

Telos Capital Management Inc. decreased its position in Aflac Incorporated (NYSE:AFL) by 8.1% in the third quarter, Holdings Channel reports. The firm owned 15,677 shares of the financial services provider’s stock after selling 1,378 shares during the period. Telos Capital Management Inc.’s holdings in Aflac were worth $1,753,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Aflac by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock valued at $429,319,000 after purchasing an additional 285,576 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Aflac by 1.3% in the second quarter. APG Asset Management N.V. now owns 2,429,316 shares of the financial services provider’s stock valued at $202,437,000 after purchasing an additional 31,752 shares during the period. Guinness Asset Management LTD boosted its holdings in shares of Aflac by 3.8% in the third quarter. Guinness Asset Management LTD now owns 2,276,325 shares of the financial services provider’s stock valued at $254,382,000 after purchasing an additional 83,289 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Aflac by 5.6% in the second quarter. ProShare Advisors LLC now owns 2,220,125 shares of the financial services provider’s stock valued at $198,279,000 after purchasing an additional 117,504 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of Aflac by 26.6% in the second quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock valued at $172,338,000 after purchasing an additional 405,847 shares during the period. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AFL shares. Piper Sandler boosted their price target on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen started coverage on Aflac in a report on Wednesday, October 9th. They set a “hold” rating and a $102.00 target price for the company. Citigroup upped their target price on Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Jefferies Financial Group lowered their target price on Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a report on Friday, June 28th. Finally, Evercore ISI upped their target price on Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $97.53.

Aflac Stock Performance

Shares of AFL opened at $112.75 on Tuesday. 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 stock has a fifty day moving average price of $109.63 and a 200-day moving average price of $96.18. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50. The firm has a market cap of $64.07 billion, a PE ratio of 12.44, a P/E/G ratio of 2.62 and a beta of 0.95.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.23. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the prior year, the firm earned $1.58 EPS. The firm’s revenue was down .7% on a year-over-year basis. Equities research analysts predict that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.

Aflac Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s payout ratio is 22.08%.

Insider Activity at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 18,158 shares of the company’s stock, valued at $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 available at this hyperlink. 0.90% of the stock is owned by insiders.

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.