Quantinno Capital Management LP Has $17.08 Million Holdings in Aflac Incorporated (NYSE:AFL)

Quantinno Capital Management LP raised its stake in Aflac Incorporated (NYSE:AFL - Free Report) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,801 shares of the financial services provider's stock after acquiring an additional 5,178 shares during the quarter. Quantinno Capital Management LP's holdings in Aflac were worth $17,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Aflac by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider's stock worth $429,319,000 after acquiring an additional 285,576 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Aflac by 6.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,694,511 shares of the financial services provider's stock valued at $524,846,000 after purchasing an additional 281,148 shares during the last quarter. APG Asset Management N.V. lifted its stake in Aflac by 1.3% in the second quarter. APG Asset Management N.V. now owns 2,429,316 shares of the financial services provider's stock valued at $202,437,000 after buying an additional 31,752 shares during the period. Guinness Asset Management LTD boosted its holdings in Aflac by 3.8% during the third quarter. Guinness Asset Management LTD now owns 2,276,325 shares of the financial services provider's stock worth $254,382,000 after buying an additional 83,289 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Aflac by 5.6% during the 2nd quarter. ProShare Advisors LLC now owns 2,220,125 shares of the financial services provider's stock worth $198,279,000 after buying an additional 117,504 shares during the period. 67.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Evercore ISI lowered their price target on Aflac from $104.00 to $102.00 and set an "underperform" rating for the company in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Aflac from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, October 3rd. UBS Group boosted their price objective on shares of Aflac from $84.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday, August 14th. Barclays assumed coverage on shares of Aflac in a research note on Wednesday, September 4th. They issued an "underweight" rating and a $96.00 target price for the company. 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 assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $98.73.

Aflac Stock Performance

Shares of AFL stock traded up $0.97 on Thursday, reaching $107.96. The stock had a trading volume of 940,636 shares, compared to its average volume of 2,208,876. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32. The firm's 50-day moving average is $111.16 and its two-hundred day moving average is $101.97. The firm has a market capitalization of $59.98 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 2.04 and a beta of 0.97. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50.

Aflac (NYSE:AFL - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.47. The company had revenue of $2.95 billion for 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%. Aflac's quarterly revenue was down 40.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 EPS. On average, research analysts expect that Aflac Incorporated will post 7.27 EPS for the current fiscal year.

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, February 19th. This is an increase from Aflac's previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a yield of 2.15%. Aflac's dividend payout ratio (DPR) is 30.12%.

About Aflac

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.