Brophy Wealth Management LLC Purchases Shares of 5,274 Aflac Incorporated (NYSE:AFL)

Brophy Wealth Management LLC acquired a new stake in Aflac Incorporated (NYSE:AFL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,274 shares of the financial services provider's stock, valued at approximately $590,000.

Other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in Aflac during the second quarter worth about $25,000. Darwin Wealth Management LLC bought a new position in shares of Aflac during the 3rd quarter worth approximately $34,000. Raelipskie Partnership acquired a new position in shares of Aflac during the 3rd quarter worth approximately $38,000. Covestor Ltd raised its stake in Aflac by 41.8% in the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 107 shares during the period. Finally, Kennebec Savings Bank bought a new position in Aflac during the third quarter worth $45,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AFL has been the topic of several research analyst reports. TD Cowen assumed coverage on shares of Aflac in a research report on Wednesday, October 9th. They issued a "hold" rating and a $102.00 price objective on the stock. Bank of America boosted their price target on Aflac from $115.00 to $124.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Morgan Stanley increased their target price on shares of Aflac from $91.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Monday, August 19th. Barclays assumed coverage on shares of Aflac in a research note on Wednesday, September 4th. They set an "underweight" rating and a $96.00 target price on the stock. Finally, UBS Group boosted 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. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $98.73.

Aflac Trading Down 0.8 %

AFL traded down $0.80 during trading on Tuesday, hitting $104.20. The company's stock had a trading volume of 800,818 shares, compared to its average volume of 2,206,393. The firm has a market capitalization of $57.89 billion, a P/E ratio of 15.81, a PEG ratio of 2.16 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 quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32. The stock's fifty day moving average price is $110.91 and its 200-day moving average price is $102.47.

Aflac (NYSE:AFL - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company earned $1.84 EPS. Aflac's quarterly revenue was down 40.4% compared to the same quarter last year. Analysts anticipate that Aflac Incorporated will post 7.27 EPS for the current year.

Aflac Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.23%. This is a positive change from Aflac's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, February 19th. Aflac's payout ratio is presently 30.12%.

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.