Biltmore Family Office LLC Sells 470 Shares of Aflac Incorporated (NYSE:AFL)

Biltmore Family Office LLC lessened its holdings in Aflac Incorporated (NYSE:AFL) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,763 shares of the financial services provider’s stock after selling 470 shares during the quarter. Biltmore Family Office LLC’s holdings in Aflac were worth $2,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Spinnaker Trust raised its stake in shares of Aflac by 2.7% during the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock valued at $405,000 after buying an additional 95 shares during the last quarter. Secure Asset Management LLC raised its position in Aflac by 1.0% during the third quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock valued at $1,094,000 after acquiring an additional 96 shares in the last quarter. Ascent Group LLC raised its position in Aflac by 0.6% during the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after acquiring an additional 99 shares in the last quarter. Ieq Capital LLC lifted its holdings in Aflac by 0.5% in the second quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after acquiring an additional 101 shares during the period. Finally, New Century Financial Group LLC boosted its position in Aflac by 2.5% in the 3rd quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AFL shares. Evercore ISI boosted their target price on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, September 26th. Piper Sandler upped their target price on Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Bank of America lifted their price target on shares of Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, UBS Group boosted their target price on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $97.93.

Aflac Trading Up 1.7 %

AFL opened at $112.09 on Friday. The firm has a market capitalization of $62.27 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96. The company’s 50 day simple moving average is $110.66 and its two-hundred day simple moving average is $100.24. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08.

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 firm had revenue of $2.95 billion for 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 firm’s revenue was down 40.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 earnings per share. Analysts expect that Aflac Incorporated will post 7.22 EPS for the current fiscal year.

Aflac Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.78%. The ex-dividend date is Wednesday, November 20th. Aflac’s 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.