Aflac Incorporated (NYSE:AFL) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its position in Aflac Incorporated (NYSE:AFL - Free Report) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 293,270 shares of the financial services provider's stock after selling 12,051 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Aflac worth $32,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin Edwards Inc. bought a new position in shares of Aflac during the third quarter worth $9,235,000. Erste Asset Management GmbH bought a new stake in shares of Aflac in the third quarter worth about $2,256,000. Encompass More Asset Management lifted its position in shares of Aflac by 1.7% in the third quarter. Encompass More Asset Management now owns 10,587 shares of the financial services provider's stock worth $1,184,000 after buying an additional 179 shares in the last quarter. L.M. Kohn & Company purchased a new position in Aflac during the 3rd quarter valued at approximately $249,000. Finally, Captrust Financial Advisors increased its stake in Aflac by 2.1% in the 3rd quarter. Captrust Financial Advisors now owns 1,044,221 shares of the financial services provider's stock worth $116,744,000 after acquiring an additional 21,217 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AFL shares. Truist Financial increased their target price on Aflac from $100.00 to $105.00 and gave the company a "hold" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Aflac from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Morgan Stanley lifted their price target on Aflac from $91.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Monday, August 19th. UBS Group raised their price objective on Aflac from $84.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, August 14th. Finally, Barclays assumed coverage on Aflac in a research report on Wednesday, September 4th. They set an "underweight" rating and a $96.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $97.93.

Aflac Stock Down 3.7 %

Shares of AFL stock traded down $4.16 on Tuesday, hitting $107.24. The stock had a trading volume of 1,752,277 shares, compared to its average volume of 2,208,099. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50. The business has a 50 day moving average price of $111.23 and a 200 day moving average price of $101.63. The company has a market cap of $59.58 billion, a PE ratio of 16.78, a P/E/G ratio of 2.18 and a beta of 0.97. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32.

Aflac (NYSE:AFL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.47. The firm had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $4.30 billion. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The company's revenue was down 40.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 EPS. Research analysts anticipate that Aflac Incorporated will post 7.27 earnings per share for the current fiscal year.

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be paid a dividend of $0.58 per share. This is a boost from Aflac's previous quarterly dividend of $0.50. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.16%. Aflac's dividend payout ratio is 30.12%.

Aflac 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.