Centaurus Financial Inc. Sells 275 Shares of Aflac Incorporated (NYSE:AFL)

Centaurus Financial Inc. cut its stake in Aflac Incorporated (NYSE:AFL) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,055 shares of the financial services provider’s stock after selling 275 shares during the quarter. Centaurus Financial Inc.’s holdings in Aflac were worth $2,130,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Aptus Capital Advisors LLC grew its stake in shares of Aflac by 79.7% in the third quarter. Aptus Capital Advisors LLC now owns 27,354 shares of the financial services provider’s stock valued at $3,058,000 after acquiring an additional 12,131 shares in the last quarter. Czech National Bank boosted its stake in shares of Aflac by 6.4% in the second quarter. Czech National Bank now owns 98,535 shares of the financial services provider’s stock valued at $8,800,000 after buying an additional 5,912 shares during the period. M&G Plc acquired a new stake in Aflac during the second quarter worth approximately $2,535,000. Massmutual Trust Co. FSB ADV increased its stake in Aflac by 576.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 8,075 shares of the financial services provider’s stock worth $721,000 after acquiring an additional 6,882 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Aflac by 161.0% in the 1st quarter. Cetera Investment Advisers now owns 311,239 shares of the financial services provider’s stock valued at $26,723,000 after acquiring an additional 191,975 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analysts Set New Price Targets

AFL has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Aflac from $106.00 to $107.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. TD Cowen started coverage on shares of Aflac in a report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price on the stock. Truist Financial upped their price target on shares of Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Finally, UBS Group upped their target price on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $97.93.

Aflac Stock Performance

NYSE:AFL opened at $112.39 on Monday. The stock’s 50-day moving average is $110.73 and its 200-day moving average is $100.66. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.32. The stock has a market cap of $62.44 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96.

Aflac (NYSE:AFL) last posted 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm posted $1.84 EPS. The company’s revenue for the quarter was down 40.4% compared to the same quarter last year. Equities research analysts anticipate that Aflac Incorporated will post 7.22 earnings per share for the current year.

Aflac Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 annualized dividend and a dividend yield of 1.78%. Aflac’s dividend 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.