D.A. Davidson & CO. Sells 976 Shares of Aflac Incorporated (NYSE:AFL)

D.A. Davidson & CO. decreased its holdings in Aflac Incorporated (NYSE:AFL) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,861 shares of the financial services provider’s stock after selling 976 shares during the period. D.A. Davidson & CO.’s holdings in Aflac were worth $4,233,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Strategic Financial Concepts LLC raised its position in Aflac by 7,001.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 658,303 shares during the period. International Assets Investment Management LLC raised its position in Aflac by 10,878.5% in the 3rd quarter. International Assets Investment Management LLC now owns 559,903 shares of the financial services provider’s stock worth $62,597,000 after purchasing an additional 554,803 shares during the period. Truist Financial Corp increased its position in shares of Aflac by 26.6% during the second quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock worth $172,338,000 after acquiring an additional 405,847 shares during the period. Swedbank AB purchased a new position in shares of Aflac during the first quarter worth approximately $27,588,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Aflac by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock worth $429,319,000 after acquiring an additional 285,576 shares during the period. Institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

AFL has been the topic of a number of research reports. TD Cowen initiated coverage on shares of Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Aflac from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Barclays initiated coverage on shares of Aflac in a research report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 target price on the stock. Piper Sandler raised their target price 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. Finally, Truist Financial raised 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. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Aflac presently has an average rating of “Hold” and a consensus target price of $97.93.

Aflac Trading Up 0.1 %

NYSE:AFL opened at $114.10 on Friday. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50. The firm has a fifty day simple moving average of $111.11 and a 200-day simple moving average of $101.23. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $63.39 billion, a P/E ratio of 17.18, a PEG ratio of 2.18 and a beta of 0.96.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate 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 net margin of 22.02% and a return on equity of 16.34%. The business’s revenue for the quarter was down 40.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 earnings per share. On average, equities research analysts anticipate that Aflac Incorporated will post 7.22 earnings per share for the current year.

Aflac Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a yield of 1.75%. 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.