Fieldview Capital Management LLC Buys New Position in Aflac Incorporated $AFL

Fieldview Capital Management LLC bought a new stake in shares of Aflac Incorporated (NYSE:AFL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,659 shares of the financial services provider’s stock, valued at approximately $514,000.

Several other hedge funds have also recently added to or reduced their stakes in AFL. Brighton Jones LLC boosted its stake in Aflac by 64.4% during the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after purchasing an additional 5,708 shares during the period. Bison Wealth LLC increased its holdings in shares of Aflac by 4.3% during the 4th quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 183 shares during the period. WINTON GROUP Ltd bought a new position in shares of Aflac during the 2nd quarter worth about $280,000. Sei Investments Co. increased its holdings in shares of Aflac by 11.2% during the 2nd quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock worth $15,854,000 after purchasing an additional 15,105 shares during the period. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Aflac by 1.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock worth $1,261,000 after purchasing an additional 192 shares during the period. Institutional investors own 67.44% of the company’s stock.

Aflac Price Performance

Shares of AFL stock opened at $116.88 on Tuesday. The stock has a 50 day moving average of $114.81 and a two-hundred day moving average of $112.04. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $119.81. The company has a market capitalization of $59.49 billion, a P/E ratio of 13.27, a P/E/G ratio of 2.06 and a beta of 0.61.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. Aflac had a return on equity of 13.88% and a net margin of 25.60%.Aflac’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 EPS. As a group, equities analysts expect that Aflac Incorporated will post 7.08 EPS for the current year.

Aflac Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, May 20th. Aflac’s dividend payout ratio (DPR) is 27.70%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AFL shares. UBS Group dropped their price objective on shares of Aflac from $116.00 to $114.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Evercore upgraded Aflac from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Wells Fargo & Company reduced their price objective on Aflac from $116.00 to $111.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings downgraded Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $130.00 price objective (up from $125.00) on shares of Aflac in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $112.27.

Insider Activity at Aflac

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 166,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $112.38, for a total transaction of $18,655,080.00. Following the completion of the transaction, the insider owned 51,723,100 shares in the company, valued at $5,812,641,978. This trade represents a 0.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 969,156 shares of company stock worth $110,980,345. 0.80% of the stock is owned by company insiders.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.