Loudon Investment Management LLC Sells 675 Shares of Aflac Incorporated (NYSE:AFL)

Loudon Investment Management LLC trimmed its holdings in Aflac Incorporated (NYSE:AFL) by 4.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,911 shares of the financial services provider’s stock after selling 675 shares during the period. Loudon Investment Management LLC’s holdings in Aflac were worth $1,667,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Czech National Bank raised its holdings in shares of Aflac by 6.4% during the second quarter. Czech National Bank now owns 98,535 shares of the financial services provider’s stock valued at $8,800,000 after purchasing an additional 5,912 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Aflac by 3.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 718,067 shares of the financial services provider’s stock worth $61,653,000 after purchasing an additional 22,637 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Aflac by 13.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 708,248 shares of the financial services provider’s stock valued at $60,810,000 after buying an additional 86,578 shares during the last quarter. M&G Plc bought a new position in shares of Aflac during the 2nd quarter valued at $2,535,000. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Aflac in the first quarter worth $832,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Trading Up 1.7 %

AFL stock traded up $1.80 during mid-day trading on Monday, reaching $110.07. 69,920 shares of the stock traded hands, compared to its average volume of 2,228,599. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50. The stock has a market capitalization of $61.15 billion, a PE ratio of 16.31, a PEG ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.10 and a current ratio of 0.08. The business has a 50-day moving average price of $110.33 and a two-hundred day moving average price of $98.76.

Aflac (NYSE:AFL) last posted its quarterly earnings results 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 analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.84 earnings per share. Equities research analysts expect that Aflac Incorporated will post 7.17 EPS for the current year.

Aflac Announces Dividend

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 issued a $0.50 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. Aflac’s payout ratio is currently 30.12%.

Analyst Ratings Changes

AFL has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Aflac from $106.00 to $107.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Citigroup raised their price objective on shares of Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Piper Sandler upped their target price on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Truist Financial lifted their price target on shares of Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $97.93.

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.