OneDigital Investment Advisors LLC Raises Position in Aflac Incorporated (NYSE:AFL)

OneDigital Investment Advisors LLC increased its holdings in shares of Aflac Incorporated (NYSE:AFL) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,224 shares of the financial services provider’s stock after purchasing an additional 771 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Aflac were worth $2,373,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AFL. Y.D. More Investments Ltd purchased a new position in Aflac during the second quarter worth about $25,000. Covestor Ltd raised its position in shares of Aflac by 41.8% during the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 107 shares during the last quarter. Kennebec Savings Bank purchased a new position in Aflac in the 3rd quarter valued at about $45,000. Cedar Wealth Management LLC acquired a new stake in shares of Aflac during the first quarter worth $50,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Aflac in the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America boosted their target price on Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. TD Cowen began coverage on shares of Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Aflac from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Evercore ISI upped their price objective on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, September 26th. Finally, UBS Group lifted their target price on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Aflac has an average rating of “Hold” and an average target price of $97.93.

Aflac Price Performance

AFL opened at $111.32 on Friday. The firm has a market cap of $61.84 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week 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 company’s 50-day moving average price is $110.41 and its 200 day moving average price is $99.59.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 EPS 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 company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $1.84 earnings per share. The company’s quarterly revenue was down 40.4% compared to the same quarter last year. As a group, sell-side analysts expect that Aflac Incorporated will post 7.22 earnings per share for the current year.

Aflac Announces Dividend

The firm 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. This represents a $2.00 annualized dividend and a yield of 1.80%. The ex-dividend date is Wednesday, November 20th. Aflac’s dividend payout ratio is presently 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.