Wellington Management Group LLP Sells 53,905 Shares of Aflac Incorporated (NYSE:AFL)

Wellington Management Group LLP cut its position in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 46.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 61,633 shares of the financial services provider's stock after selling 53,905 shares during the quarter. Wellington Management Group LLP's holdings in Aflac were worth $6,891,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AFL. Weiss Asset Management LP acquired a new stake in Aflac during the third quarter valued at approximately $3,212,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Aflac during the 3rd quarter valued at $697,000. Quantinno Capital Management LP grew its holdings in shares of Aflac by 3.5% in the 3rd quarter. Quantinno Capital Management LP now owns 152,801 shares of the financial services provider's stock worth $17,083,000 after acquiring an additional 5,178 shares during the last quarter. Royal London Asset Management Ltd. raised its position in shares of Aflac by 3.7% during the third quarter. Royal London Asset Management Ltd. now owns 333,951 shares of the financial services provider's stock worth $37,336,000 after purchasing an additional 12,026 shares during the period. Finally, Redwood Investment Management LLC raised its position in shares of Aflac by 4.1% during the third quarter. Redwood Investment Management LLC now owns 16,085 shares of the financial services provider's stock worth $1,779,000 after purchasing an additional 628 shares during the period. Institutional investors own 67.44% of the company's stock.

Aflac Stock Down 1.0 %

AFL stock traded down $1.06 during trading hours on Tuesday, hitting $102.75. The company's stock had a trading volume of 1,998,832 shares, compared to its average volume of 2,206,875. The company has a market capitalization of $57.08 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.09 and a beta of 0.97. The stock has a 50 day moving average price of $109.98 and a two-hundred day moving average price of $103.06. 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 Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50.

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

Aflac Increases Dividend

The business also recently announced 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 of this dividend is Wednesday, February 19th. This represents a $2.32 dividend on an annualized basis and a yield of 2.26%. This is a boost from Aflac's previous quarterly dividend of $0.50. Aflac's dividend payout ratio is presently 34.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AFL shares. Bank of America lifted 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. Piper Sandler boosted their price target on shares of Aflac from $114.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price objective on shares of Aflac from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of Aflac to $107.00 and gave the company a "hold" rating in a research note on Tuesday, December 3rd. Finally, Truist Financial raised their target price on Aflac from $100.00 to $105.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued 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 target price of $98.73.

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.