Schroder Investment Management Group Raises Stake in Aflac Incorporated (NYSE:AFL)

Schroder Investment Management Group raised its holdings in shares of Aflac Incorporated (NYSE:AFLFree Report) by 196.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 484,176 shares of the financial services provider’s stock after buying an additional 320,867 shares during the period. Schroder Investment Management Group owned about 0.08% of Aflac worth $39,945,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Aflac by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 54,208,007 shares of the financial services provider’s stock worth $4,160,465,000 after acquiring an additional 605,210 shares in the last quarter. Morgan Stanley boosted its stake in shares of Aflac by 9.0% in the third quarter. Morgan Stanley now owns 9,643,531 shares of the financial services provider’s stock valued at $740,141,000 after purchasing an additional 794,784 shares during the period. Northern Trust Corp grew its holdings in Aflac by 5.3% during the 3rd quarter. Northern Trust Corp now owns 7,295,810 shares of the financial services provider’s stock valued at $559,953,000 after purchasing an additional 368,704 shares in the last quarter. Invesco Ltd. increased its stake in Aflac by 5.0% during the 3rd quarter. Invesco Ltd. now owns 4,808,289 shares of the financial services provider’s stock worth $369,036,000 after buying an additional 227,516 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Aflac by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,190,954 shares of the financial services provider’s stock worth $263,254,000 after buying an additional 17,892 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Stock Up 0.5 %

NYSE:AFL opened at $88.79 on Monday. The firm has a market capitalization of $50.45 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96. The stock has a 50 day moving average of $85.22 and a 200-day moving average of $83.18. Aflac Incorporated has a 52 week low of $66.58 and a 52 week high of $89.91. 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 posted its earnings results on Monday, May 6th. The financial services provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.09 billion. Aflac had a return on equity of 16.88% and a net margin of 27.67%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 earnings per share. Analysts predict that Aflac Incorporated will post 6.46 EPS for the current year.

Aflac Increases Dividend

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

Insider Transactions at Aflac

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

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on AFL

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.

See Also

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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