Clarity Financial LLC Has $368,000 Holdings in Aflac Incorporated (NYSE:AFL)

Clarity Financial LLC grew its position in Aflac Incorporated (NYSE:AFL) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,294 shares of the financial services provider’s stock after purchasing an additional 356 shares during the period. Clarity Financial LLC’s holdings in Aflac were worth $368,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AFL. Y.D. More Investments Ltd acquired a new position in Aflac in the 2nd quarter worth about $25,000. Cedar Wealth Management LLC bought a new stake in shares of Aflac during the 1st quarter worth about $50,000. Catalyst Capital Advisors LLC bought a new stake in shares of Aflac during the 3rd quarter worth about $51,000. Fairscale Capital LLC bought a new stake in shares of Aflac during the 2nd quarter worth about $54,000. Finally, Valued Wealth Advisors LLC boosted its stake in shares of Aflac by 116.7% during the 3rd quarter. Valued Wealth Advisors LLC now owns 479 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 258 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AFL has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley upped their price target on Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Barclays assumed coverage on Aflac in a research note on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target for the company. Bank of America increased their target price on Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Truist Financial increased their target price on Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $97.87.

Insider Activity

In other news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction 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 sale, the director now directly owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Aflac Trading Down 0.2 %

AFL stock opened at $104.51 on Tuesday. The business has a fifty day moving average price of $110.46 and a 200 day moving average price of $98.09. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week high of $115.50. The stock has a market capitalization of $58.53 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 2.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.10.

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, beating analysts’ consensus estimates of $1.69 by $0.47. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the firm posted $1.84 EPS. The business’s revenue was down 40.4% on a year-over-year basis. Analysts expect that Aflac Incorporated will post 7.05 EPS for the current fiscal year.

Aflac Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a dividend yield of 1.91%. Aflac’s dividend payout ratio (DPR) is currently 30.12%.

Aflac 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.