Assetmark Inc. Has $177.15 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

Assetmark Inc. increased its stake in Aflac Incorporated (NYSE:AFL - Free Report) by 0.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,584,552 shares of the financial services provider's stock after buying an additional 10,487 shares during the quarter. Assetmark Inc. owned about 0.28% of Aflac worth $177,153,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Verdence Capital Advisors LLC grew its stake in shares of Aflac by 3.9% in the third quarter. Verdence Capital Advisors LLC now owns 14,332 shares of the financial services provider's stock valued at $1,602,000 after buying an additional 537 shares in the last quarter. Rockbridge Investment Management LCC purchased a new position in Aflac in the third quarter valued at about $222,000. Executive Wealth Management LLC purchased a new position in Aflac in the third quarter valued at about $394,000. CWA Asset Management Group LLC purchased a new position in Aflac in the third quarter valued at about $810,000. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its holdings in Aflac by 0.9% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 222,962 shares of the financial services provider's stock valued at $24,925,000 after purchasing an additional 1,941 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on AFL. Bank of America increased their price target on Aflac from $115.00 to $124.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Evercore ISI increased their price target on Aflac from $84.00 to $90.00 and gave the company an "underperform" rating in a report on Thursday, September 26th. JPMorgan Chase & Co. increased their price target on Aflac from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Piper Sandler increased their target price on Aflac from $114.00 to $122.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Finally, UBS Group increased their target price on Aflac from $84.00 to $109.00 and gave the stock a "neutral" rating in a report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Aflac presently has a consensus rating of "Hold" and a consensus price target of $97.93.

Aflac Stock Performance

AFL traded up $0.83 during trading hours on Friday, hitting $108.27. The company's stock had a trading volume of 1,727,329 shares, compared to its average volume of 2,238,547. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week high of $115.50. The company has a current ratio of 0.08, a quick ratio of 0.10 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $60.15 billion, a PE ratio of 16.31, a PEG ratio of 2.06 and a beta of 0.96. The company has a 50-day simple moving average of $110.33 and a 200 day simple moving average of $98.56.

Aflac (NYSE:AFL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.47. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The company had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same period last year, the firm earned $1.84 EPS. The firm's revenue for the quarter was down 40.4% on a year-over-year basis. As a group, sell-side analysts expect that Aflac Incorporated will post 7.05 EPS for the current year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac's dividend payout ratio is presently 30.12%.

Aflac Company 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.