National Pension Service Boosts Holdings in Aflac Incorporated (NYSE:AFL)

National Pension Service lifted its stake in Aflac Incorporated (NYSE:AFLGet Rating) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,054,830 shares of the financial services provider’s stock after purchasing an additional 11,294 shares during the quarter. National Pension Service’s holdings in Aflac were worth $67,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC raised its position in shares of Aflac by 7.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,142 shares of the financial services provider’s stock worth $396,000 after purchasing an additional 417 shares during the last quarter. Dakota Wealth Management bought a new stake in Aflac in the 1st quarter worth about $428,000. Cetera Investment Advisers increased its holdings in Aflac by 5.3% in the 1st quarter. Cetera Investment Advisers now owns 79,955 shares of the financial services provider’s stock worth $5,148,000 after buying an additional 4,052 shares in the last quarter. Element Capital Management LLC bought a new stake in Aflac in the 1st quarter worth about $370,000. Finally, Aviva PLC increased its holdings in Aflac by 0.7% in the 1st quarter. Aviva PLC now owns 210,634 shares of the financial services provider’s stock worth $13,563,000 after buying an additional 1,503 shares in the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.

Wall Street Analyst Weigh In

AFL has been the subject of several research analyst reports. Citigroup initiated coverage on Aflac in a report on Monday, May 23rd. They issued a “neutral” rating and a $60.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Aflac from $61.00 to $62.00 in a report on Monday, July 11th. Piper Sandler reduced their price objective on Aflac from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Evercore ISI cut their price target on Aflac from $60.00 to $59.00 and set an “in-line” rating for the company in a research note on Wednesday, July 6th. Finally, Morgan Stanley boosted their price target on Aflac from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.17.

Insider Buying and Selling

In related news, CFO James Todd Daniels sold 16,946 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $64.03, for a total value of $1,085,052.38. Following the transaction, the chief financial officer now directly owns 53,025 shares of the company’s stock, valued at approximately $3,395,190.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Teresa L. White sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $59.24, for a total transaction of $592,400.00. Following the sale, the insider now directly owns 134,256 shares of the company’s stock, valued at approximately $7,953,325.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Todd Daniels sold 16,946 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $64.03, for a total value of $1,085,052.38. Following the sale, the chief financial officer now directly owns 53,025 shares in the company, valued at $3,395,190.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,272 shares of company stock valued at $2,338,959. Corporate insiders own 1.10% of the company’s stock.

Aflac Stock Up 1.3 %

NYSE AFL opened at $61.67 on Friday. The stock’s 50 day moving average is $58.74 and its 200 day moving average is $59.56. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.28. Aflac Incorporated has a 12 month low of $51.28 and a 12 month high of $67.20. The stock has a market cap of $38.97 billion, a PE ratio of 9.30, a P/E/G ratio of 2.24 and a beta of 0.91.

Aflac (NYSE:AFLGet Rating) last posted its quarterly earnings results on Monday, August 1st. The financial services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.27. Aflac had a return on equity of 12.40% and a net margin of 20.37%. The company had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $4.79 billion. During the same period in the previous year, the firm earned $1.59 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. Research analysts predict that Aflac Incorporated will post 5.33 EPS for the current fiscal year.

Aflac Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Wednesday, August 24th were issued a $0.40 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.59%. Aflac’s dividend payout ratio is presently 24.13%.

Aflac Profile

(Get Rating)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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