Diversify Advisory Services LLC Sells 7,599 Shares of Aflac Incorporated (NYSE:AFL)

Diversify Advisory Services LLC decreased its holdings in Aflac Incorporated (NYSE:AFL - Free Report) by 64.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,259 shares of the financial services provider's stock after selling 7,599 shares during the period. Diversify Advisory Services LLC's holdings in Aflac were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AFL. Nordea Investment Management AB grew its holdings in shares of Aflac by 6.7% during the 1st quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider's stock valued at $155,140,000 after purchasing an additional 113,226 shares during the last quarter. Czech National Bank lifted its stake in Aflac by 6.4% during the 2nd quarter. Czech National Bank now owns 98,535 shares of the financial services provider's stock valued at $8,800,000 after acquiring an additional 5,912 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Aflac by 3.3% during the first 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Aflac by 13.9% in the first 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 acquiring an additional 86,578 shares in the last quarter. Finally, M&G Plc bought a new position in Aflac in the 2nd quarter valued at $2,535,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AFL. Wells Fargo & Company increased their target price on shares of Aflac from $90.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Barclays assumed coverage on shares of Aflac in a research note on Wednesday, September 4th. They set an "underweight" rating and a $96.00 price target on the stock. Piper Sandler increased their target price on Aflac from $114.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. TD Cowen initiated coverage on shares of Aflac in a research report on Wednesday, October 9th. They set a "hold" rating and a $102.00 price target for the company. Finally, Morgan Stanley lifted their price objective on Aflac from $91.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Monday, August 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $97.87.

Insider Buying and Selling at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the completion of the transaction, the director now directly owns 18,158 shares of the company's stock, valued at approximately $1,796,552.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by insiders.

Aflac Price Performance

Shares of Aflac stock traded down $0.08 during trading hours on Friday, hitting $104.71. The company's stock had a trading volume of 2,822,719 shares, compared to its average volume of 2,237,747. The company has a market cap of $58.64 billion, a PE ratio of 15.77, a PEG ratio of 2.24 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10. The business has a 50 day moving average price of $110.52 and a two-hundred day moving average price of $97.68. Aflac Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50.

Aflac (NYSE:AFL - Get Free Report) 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 $1.70 by $0.46. Aflac had a return on equity of 16.51% and a net margin of 22.02%. The company had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the previous year, the firm earned $1.84 EPS. The firm's revenue was down 40.4% compared to the same quarter last year. Analysts expect that Aflac Incorporated will post 6.83 earnings per share for the current fiscal year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a yield of 1.91%. Aflac's payout ratio is 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.