2,200 Shares in Aflac Incorporated (NYSE:AFL) Purchased by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc acquired a new stake in shares of Aflac Incorporated (NYSE:AFL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,200 shares of the financial services provider’s stock, valued at approximately $246,000.

Other large investors also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in shares of Aflac in the second quarter worth about $25,000. Cedar Wealth Management LLC bought a new position in Aflac in the 1st quarter worth approximately $50,000. Fairscale Capital LLC acquired a new position in Aflac during the 2nd quarter worth $54,000. HHM Wealth Advisors LLC boosted its position in Aflac by 178.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 624 shares of the financial services provider’s stock valued at $56,000 after buying an additional 400 shares during the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in Aflac in the 1st quarter valued at $66,000. 67.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AFL has been the subject of a number of research reports. UBS Group lifted their price objective on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Evercore ISI lifted their target price on shares of Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, September 26th. TD Cowen initiated coverage on Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price target on the stock. Wells Fargo & Company upped their price objective on Aflac from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Morgan Stanley raised their target price on Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $97.53.

Insider Activity at Aflac

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 18,158 shares in the company, valued at $1,796,552.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by company insiders.

Aflac Stock Down 4.0 %

Shares of AFL stock traded down $4.42 on Thursday, hitting $105.67. 1,283,444 shares of the stock were exchanged, compared to its average volume of 2,218,043. 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 firm has a market capitalization of $60.04 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week high of $115.50. The business has a 50-day moving average of $110.61 and a 200 day moving average of $97.46.

Aflac (NYSE:AFL) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.46. The firm 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 16.22% and a net margin of 28.35%. The business’s revenue was down 40.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 EPS. Equities analysts anticipate that Aflac Incorporated will post 6.76 EPS for the current year.

Aflac Dividend Announcement

The business 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. This represents a $2.00 annualized dividend and a dividend yield of 1.89%. Aflac’s payout ratio is 22.08%.

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.