Mission Creek Capital Partners Inc. Acquires 591 Shares of Aflac Incorporated (NYSE:AFL)

Mission Creek Capital Partners Inc. raised its holdings in Aflac Incorporated (NYSE:AFL) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,880 shares of the financial services provider’s stock after purchasing an additional 591 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in Aflac were worth $1,999,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Motley Fool Asset Management LLC lifted its position in Aflac by 2.1% during the 3rd quarter. Motley Fool Asset Management LLC now owns 22,541 shares of the financial services provider’s stock worth $2,543,000 after buying an additional 463 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of Aflac by 5.2% during the third quarter. IHT Wealth Management LLC now owns 19,848 shares of the financial services provider’s stock worth $2,220,000 after purchasing an additional 978 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Aflac by 54.8% during the third quarter. Integrated Wealth Concepts LLC now owns 39,233 shares of the financial services provider’s stock valued at $4,386,000 after purchasing an additional 13,885 shares during the last quarter. Investment Management Corp of Ontario increased its holdings in shares of Aflac by 47.7% in the third quarter. Investment Management Corp of Ontario now owns 17,961 shares of the financial services provider’s stock valued at $2,008,000 after purchasing an additional 5,800 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Aflac by 4.5% in the 3rd quarter. HighTower Advisors LLC now owns 468,053 shares of the financial services provider’s stock worth $52,327,000 after purchasing an additional 20,032 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Stock Performance

Shares of AFL opened at $106.76 on Wednesday. The firm has a market cap of $59.31 billion, a P/E ratio of 16.08, a PEG ratio of 2.13 and a beta of 0.97. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.08 and a current ratio of 0.08. The firm’s 50 day moving average price is $111.22 and its two-hundred day moving average price is $101.93.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the business earned $1.84 EPS. The company’s revenue for the quarter was down 40.4% compared to the same quarter last year. On average, analysts forecast that Aflac Incorporated will post 7.27 EPS for the current fiscal year.

Aflac Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.17%. This is an increase from Aflac’s previous quarterly dividend of $0.50. Aflac’s dividend payout ratio is 30.12%.

Analysts Set New Price Targets

A number of brokerages have commented on AFL. Wells Fargo & Company increased their price objective on Aflac to $107.00 and gave the company a “hold” rating in a research report on Tuesday. Barclays began coverage on Aflac in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price objective for the company. Truist Financial upped their target price on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Piper Sandler increased their price objective on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, TD Cowen assumed 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. 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 stock. According to data from MarketBeat.com, the company presently 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.