Aflac Incorporated (NYSE:AFL) Shares Sold by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. reduced its position in Aflac Incorporated (NYSE:AFL) by 14.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,569 shares of the financial services provider’s stock after selling 1,737 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Aflac were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AFL. Pacer Advisors Inc. increased its holdings in Aflac by 21.0% in the third quarter. Pacer Advisors Inc. now owns 73,506 shares of the financial services provider’s stock valued at $8,218,000 after buying an additional 12,768 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of Aflac during the 3rd quarter valued at about $2,716,000. LPL Financial LLC increased its stake in shares of Aflac by 6.7% in the 3rd quarter. LPL Financial LLC now owns 963,223 shares of the financial services provider’s stock valued at $107,688,000 after purchasing an additional 60,762 shares in the last quarter. King Luther Capital Management Corp raised its holdings in Aflac by 24.6% in the 3rd quarter. King Luther Capital Management Corp now owns 4,486 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 886 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in Aflac by 9.2% during the third quarter. Citizens Financial Group Inc. RI now owns 6,019 shares of the financial services provider’s stock worth $673,000 after purchasing an additional 509 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AFL. Piper Sandler upped their price objective on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. UBS Group upped their price target on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Truist Financial raised their target price on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Evercore ISI upped their price objective on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, September 26th. Finally, Barclays began coverage on shares of Aflac in a research note on Wednesday, September 4th. They set an “underweight” rating and a $96.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $97.93.

Aflac Price Performance

Shares of AFL opened at $110.24 on Thursday. The company has a market cap of $61.24 billion, a P/E ratio of 16.60, a PEG ratio of 2.14 and a beta of 0.96. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week high of $115.50. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average price is $110.58 and its 200 day moving average price is $100.16.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The business’s revenue for the quarter was down 40.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share. On average, research analysts forecast that Aflac Incorporated will post 7.22 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be issued a $0.50 dividend. 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 1.81%. Aflac’s payout ratio is 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.