Public Employees Retirement Association of Colorado Has $7.05 Million Stake in Aflac Incorporated (NYSE:AFL)

Public Employees Retirement Association of Colorado lifted its holdings in Aflac Incorporated (NYSE:AFLFree Report) by 461.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,402 shares of the financial services provider’s stock after acquiring an additional 70,195 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Aflac were worth $7,046,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AFL. Jump Financial LLC acquired a new stake in shares of Aflac in the third quarter valued at $532,000. NewEdge Wealth LLC bought a new position in shares of Aflac in the third quarter worth about $233,000. D.A. Davidson & CO. raised its stake in shares of Aflac by 5.8% in the third quarter. D.A. Davidson & CO. now owns 30,100 shares of the financial services provider’s stock worth $2,310,000 after acquiring an additional 1,652 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Aflac by 1.9% during the third quarter. Sequoia Financial Advisors LLC now owns 10,409 shares of the financial services provider’s stock worth $799,000 after purchasing an additional 195 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Aflac by 3.4% during the third quarter. Van ECK Associates Corp now owns 73,695 shares of the financial services provider’s stock valued at $5,656,000 after purchasing an additional 2,456 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. StockNews.com raised Aflac from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Wells Fargo & Company boosted their price target on shares of Aflac from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Truist Financial lifted their target price on shares of Aflac from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Morgan Stanley increased their price target on Aflac from $80.00 to $84.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods raised their price target on Aflac from $83.00 to $87.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $82.38.

View Our Latest Stock Report on Aflac

Aflac Trading Up 0.5 %

AFL opened at $88.79 on Friday. The firm’s fifty day simple moving average is $85.22 and its 200 day simple moving average is $83.16. Aflac Incorporated has a 12 month low of $66.58 and a 12 month high of $89.91. The stock has a market capitalization of $50.45 billion, a P/E ratio of 9.80, a P/E/G ratio of 2.18 and a beta of 0.96. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.34.

Aflac (NYSE:AFLGet Free Report) last announced its earnings results on Monday, May 6th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Aflac had a return on equity of 16.88% and a net margin of 27.67%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the firm earned $1.55 EPS. Aflac’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, research analysts anticipate that Aflac Incorporated will post 6.46 EPS for the current fiscal year.

Aflac Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.25%. This is an increase from Aflac’s previous quarterly dividend of $0.42. Aflac’s dividend payout ratio (DPR) is 22.08%.

Insider Buying and Selling at Aflac

In other news, SVP Albert Riggieri sold 8,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $83.34, for a total value of $666,720.00. Following the completion of the transaction, the senior vice president now owns 32,825 shares in the company, valued at approximately $2,735,635.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Thomas J. Kenny sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $84.62, for a total value of $423,100.00. Following the completion of the sale, the director now owns 17,920 shares of the company’s stock, valued at approximately $1,516,390.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Albert Riggieri sold 8,000 shares of Aflac stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $83.34, for a total transaction of $666,720.00. Following the completion of the transaction, the senior vice president now directly owns 32,825 shares of the company’s stock, valued at approximately $2,735,635.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,978 shares of company stock worth $3,098,128. Insiders own 0.90% of the company’s stock.

Aflac Company Profile

(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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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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