Belpointe Asset Management LLC purchased a new stake in shares of AFLAC Incorporated (NYSE:AFL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,063 shares of the financial services provider’s stock, valued at approximately $819,000.

Several other institutional investors also recently bought and sold shares of AFL. Sei Investments Co. grew its holdings in shares of AFLAC by 1.1% during the 2nd quarter. Sei Investments Co. now owns 69,402 shares of the financial services provider’s stock valued at $5,391,000 after acquiring an additional 740 shares in the last quarter. Advisor Partners LLC grew its holdings in shares of AFLAC by 14.5% during the 2nd quarter. Advisor Partners LLC now owns 9,401 shares of the financial services provider’s stock valued at $730,000 after acquiring an additional 1,190 shares in the last quarter. Legacy Capital Partners Inc. grew its holdings in shares of AFLAC by 80.8% during the 2nd quarter. Legacy Capital Partners Inc. now owns 12,099 shares of the financial services provider’s stock valued at $940,000 after acquiring an additional 5,407 shares in the last quarter. Montgomery Investment Management Inc. grew its holdings in shares of AFLAC by 8.1% during the 2nd quarter. Montgomery Investment Management Inc. now owns 6,700 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 500 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of AFLAC by 397.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 264,969 shares of the financial services provider’s stock valued at $20,583,000 after acquiring an additional 211,692 shares in the last quarter. Institutional investors and hedge funds own 65.75% of the company’s stock.

AFL has been the topic of several research analyst reports. UBS restated an “overweight” rating on shares of AFLAC in a report on Thursday, August 24th. Citigroup cut shares of AFLAC from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $82.00 to $77.00 in a report on Tuesday, September 26th. Zacks Investment Research cut shares of AFLAC from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Bank of America cut shares of AFLAC from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. Finally, Wells Fargo & Company set a $84.00 price objective on shares of AFLAC and gave the stock a “hold” rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. AFLAC presently has an average rating of “Hold” and a consensus price target of $79.79.

Shares of AFLAC Incorporated (NYSE AFL) opened at $88.49 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.24. AFLAC Incorporated has a fifty-two week low of $66.50 and a fifty-two week high of $89.15. The stock has a market cap of $34,895.96, a PE ratio of 13.17, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02.

AFLAC (NYSE:AFL) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.07. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The company had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the company earned $1.74 earnings per share. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. equities research analysts predict that AFLAC Incorporated will post 6.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.03%. This is a boost from AFLAC’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, November 14th. AFLAC’s dividend payout ratio is 26.09%.

In other news, President Kriss Cloninger III sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $83.83, for a total transaction of $2,095,750.00. Following the completion of the transaction, the president now owns 298,646 shares of the company’s stock, valued at $25,035,494.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Audrey B. Tillman sold 310 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.57, for a total transaction of $25,906.70. Following the transaction, the insider now directly owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. Insiders have sold 34,766 shares of company stock valued at $2,936,060 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

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About AFLAC

Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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