Aflac Incorporated

(New York Stock Exchange)
Back to all articles
Neutral 0

Aflac Incorporated $AFL Stock: Vest Financial LLC Raises Stake - MarketBeat

Activist investor Analyst downgrade Dividend AI-generated analysis

πŸ“ˆ Aflac reported quarterly revenue of $4.22 billion, slightly beating analyst estimates of $4.11 billion.

πŸ“‰ The company missed EPS expectations by $0.01, reporting $1.75 versus the consensus of $1.76.

πŸ“Š Revenue declined 1.0% year-over-year to $4.22 billion during the quarter ended August 6th.

🏦 Vest Financial LLC increased its stake by 24.6% in Q3, buying 175,634 shares worth ~$99.4 million.

πŸ“Š Institutional investors collectively own 67.44% of Aflac's outstanding stock.

πŸ’° The company maintains a quarterly dividend of $0.61 per share with a 2.0% yield.

🎯 Analyst consensus rating is 'Hold' with an average price target of $117.20.

πŸ“‰ Wells Fargo cut its price target to $116.00 and assigned an 'equal weight' rating.

πŸ“ˆ Raymond Financial raised its price target to $123.00 and Piper Sandler set a target of $138.00.

πŸ“‰ Corporate insiders sold 713,662 shares valued at $83.3 million over the last ninety days.

🏒 Major shareholder Post Holdings Japan reduced its position by selling 113,611 shares.

πŸ“ˆ Aflac trades with a market cap of $60.22 billion and a P/E ratio of 12.87.

Bullish Signals
  • Vest Financial LLC increased its stake by 24.6% in Q3, purchasing 175,634 additional shares valued at approximately $99.4 million.
  • Tidal Investments raised its holdings by 137.4% in the second quarter, adding 23,677 shares to its position.
  • Fifth Third Bancorp lifted its position by 135.5% in the first quarter, acquiring an additional 81,803 shares.
  • Raymond James Financial boosted its price target from $119.00 to $123.00 on August 26th.
  • Piper Sandler reaffirmed an 'overweight' rating and set a price target of $138.00, up from $130.00.
  • UBS Group reaffirmed a neutral rating and raised its price target to $125.00 from $124.00.
Risk Factors
  • Aflac missed quarterly EPS expectations by $0.01, reporting $1.75 versus the analyst consensus of $1.76.
  • Revenue declined 1.0% year-over-year to $4.22 billion during the quarter ended August 6th.
  • Wells Fargo & Company cut its price target from $122.00 to $116.00 and set an 'equal weight' rating.
  • Corporate insiders sold 713,662 shares valued at $83.3 million over the last ninety days.
  • Major shareholder Post Holdings Japan sold 113,611 shares worth approximately $13.5 million in a single transaction.
Full Analysis
Aflac Incorporated (NYSE: AFL) reported quarterly revenue of $4.22 billion and earnings per share (EPS) of $1.75 for the quarter ended August 6th. While revenue slightly beat analyst consensus estimates at $4.11 billion, EPS missed expectations by a penny at $1.76 versus the anticipated $1.76. The company's revenue declined 1.0% year-over-year to $4.22 billion, reflecting ongoing market conditions in its supplemental insurance sector. Institutional ownership dynamics shifted during the third quarter as Vest Financial LLC increased its stake by 24.6%, purchasing an additional 175,634 shares valued at approximately $99.4 million. This move brought Vest's total holding to 888,857 shares, representing about 1.0% of the fund's portfolio and making it the firm's 16th largest position. Other institutional investors also adjusted their positions, with Tidal Investments raising holdings by 137.4% and Fifth Third Bancorp increasing its stake by 135.5%. Analyst sentiment regarding Aflac remains mixed, characterized by a consensus 'Hold' rating and an average price target of $117.20. Recent analyst actions include Wells Fargo cutting its price target to $116.00 with an 'equal weight' rating, while Raymond James Financial raised its target to $123.00 and Piper Sandler maintained an 'overweight' rating at $138.00. The stock currently trades around $120.12, trading above its 50-day moving average but below its 200-day moving average. Aflac maintains a quarterly dividend of $0.61 per share, paid to shareholders of record on August 19th, which translates to an annualized yield of approximately 2.0%. The company operates with a market capitalization of roughly $60.22 billion and a price-to-earnings ratio of 12.87. Corporate insiders have sold shares totaling over $83 million in the last ninety days, though major shareholder Post Holdings retains a significant position valued at nearly $5.94 billion.