Aberdeen Wealth Management LLC Makes New Investment in Aflac Incorporated (NYSE:AFL)

Aberdeen Wealth Management LLC acquired a new stake in shares of Aflac Incorporated (NYSE:AFL) during the third quarter, HoldingsChannel reports. The fund acquired 2,140 shares of the financial services provider’s stock, valued at approximately $239,000.

A number of other institutional investors also recently bought and sold shares of AFL. Y.D. More Investments Ltd purchased a new stake in Aflac in the second quarter worth about $25,000. Covestor Ltd lifted its stake in Aflac by 41.8% in the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 107 shares in the last quarter. Kennebec Savings Bank bought a new position in Aflac during the third quarter valued at approximately $45,000. Catalyst Capital Advisors LLC bought a new position in shares of Aflac during the 3rd quarter valued at approximately $51,000. Finally, Peterson Financial Group Inc. bought a new position in Aflac during the third quarter valued at $52,000. Institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AFL shares. Truist Financial boosted their target price on Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Morgan Stanley upped their price objective on shares of Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Piper Sandler lifted their target price on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price target on Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Finally, Citigroup increased their price objective on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $97.93.

Aflac Stock Performance

NYSE AFL opened at $112.04 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.32. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The stock has a 50-day moving average of $110.46 and a 200 day moving average of $99.89. The stock has a market capitalization of $62.24 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.15 and a beta of 0.96.

Aflac (NYSE:AFL) last announced 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. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The business’s revenue was down 40.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.84 EPS. Sell-side analysts anticipate that Aflac Incorporated will post 7.22 EPS for the current fiscal year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.79%. Aflac’s dividend payout ratio is currently 30.12%.

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.