Aflac Incorporated (NYSE:AFL) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,179,562 shares of the financial services provider's stock after selling 56,286 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.57% of Aflac worth $355,475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Financial Concepts LLC increased its holdings in Aflac by 7,001.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider's stock valued at $596,000 after acquiring an additional 658,303 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Aflac by 10,878.5% during the third quarter. International Assets Investment Management LLC now owns 559,903 shares of the financial services provider's stock valued at $62,597,000 after acquiring an additional 554,803 shares during the last quarter. Truist Financial Corp increased its position in Aflac by 26.6% during the 2nd quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider's stock worth $172,338,000 after purchasing an additional 405,847 shares in the last quarter. Swedbank AB purchased a new stake in Aflac during the 1st quarter worth about $27,588,000. Finally, Dimensional Fund Advisors LP raised its stake in Aflac by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider's stock valued at $429,319,000 after purchasing an additional 285,576 shares during the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Aflac Stock Up 0.6 %

Shares of AFL stock traded up $0.66 on Friday, hitting $112.39. The stock had a trading volume of 1,770,175 shares, compared to its average volume of 2,189,480. The stock's 50 day moving average is $110.73 and its 200-day moving average is $100.44. The firm has a market capitalization of $62.44 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 2.15 and a beta of 0.96. Aflac Incorporated has a 52-week low of $75.07 and a 52-week high of $115.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.08 and a current ratio of 0.08.

Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the prior year, the company posted $1.84 EPS. The firm's revenue for the quarter was down 40.4% on a year-over-year basis. As a group, research analysts expect that Aflac Incorporated will post 7.22 earnings per share for the current year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac's payout ratio is currently 30.12%.

Analysts Set New Price Targets

AFL has been the topic of several recent analyst reports. Barclays started coverage on shares of Aflac in a research note on Wednesday, September 4th. They set an "underweight" rating and a $96.00 price objective on the stock. Evercore ISI increased their price target on shares of Aflac from $84.00 to $90.00 and gave the stock an "underperform" rating in a research note on Thursday, September 26th. TD Cowen initiated coverage on shares of Aflac in a research note on Wednesday, October 9th. They set a "hold" rating and a $102.00 price objective for the company. Wells Fargo & Company lifted their target price on Aflac from $106.00 to $107.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Finally, Bank of America upped their price target on Aflac from $115.00 to $124.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $97.93.

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.