Oddo BHF Asset Management Sas bought a new position in shares of Aflac Incorporated (NYSE:AFL - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,149 shares of the financial services provider's stock, valued at approximately $576,000.
A number of other institutional investors have also made changes to their positions in the business. Raymond James & Associates grew its holdings in Aflac by 9.4% in the 2nd quarter. Raymond James & Associates now owns 866,732 shares of the financial services provider's stock valued at $77,408,000 after buying an additional 74,312 shares in the last quarter. Chapin Davis Inc. bought a new stake in Aflac during the second quarter worth $221,000. Western Wealth Management LLC acquired a new position in shares of Aflac during the 2nd quarter worth $241,000. Apollon Wealth Management LLC lifted its position in shares of Aflac by 1.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 29,257 shares of the financial services provider's stock worth $2,613,000 after buying an additional 365 shares during the last quarter. Finally, Madrona Financial Services LLC acquired a new stake in Aflac in the second quarter valued at about $206,000. Institutional investors own 67.44% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on AFL. Wells Fargo & Company raised their price target on shares of Aflac to $107.00 and gave the company a "hold" rating in a research note on Tuesday, December 3rd. Evercore ISI lowered their price target on shares of Aflac from $104.00 to $102.00 and set an "underperform" rating for the company in a report on Wednesday, December 4th. TD Cowen began coverage on Aflac in a report on Wednesday, October 9th. They set a "hold" rating and a $102.00 price objective on the stock. Piper Sandler upped 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, Truist Financial lifted their price target on Aflac from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $98.73.
Get Our Latest Report on Aflac
Aflac Trading Up 0.1 %
AFL traded up $0.14 on Friday, hitting $104.52. The company had a trading volume of 2,078,327 shares, compared to its average volume of 2,206,983. The company has a market cap of $58.06 billion, a PE ratio of 15.74, a PEG ratio of 2.09 and a beta of 0.97. Aflac Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50. The business's fifty day simple moving average is $110.14 and its 200 day simple moving average is $102.84. 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 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. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $4.30 billion. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The firm's revenue for the quarter was down 40.4% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS. Equities research analysts expect that Aflac Incorporated will post 7.27 EPS for the current year.
Aflac Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.22%. This is a boost from Aflac's previous quarterly dividend of $0.50. Aflac's dividend payout ratio (DPR) is currently 30.12%.
About Aflac
(
Free Report)
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.
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