Van ECK Associates Corp lowered its holdings in shares of Aflac Incorporated (NYSE:AFL – Free Report) by 3.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 87,827 shares of the financial services provider’s stock after selling 2,678 shares during the period. Van ECK Associates Corp’s holdings in Aflac were worth $7,844,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. Atwood & Palmer Inc. increased its holdings in shares of Aflac by 80.0% during the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 140 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Aflac in the first quarter valued at $29,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Aflac in the first quarter valued at about $34,000. Sachetta LLC acquired a new stake in shares of Aflac during the 4th quarter worth about $35,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of Aflac during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 67.44% of the company’s stock.
Aflac Stock Performance
NYSE:AFL opened at $110.36 on Tuesday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $61.80 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 2.61 and a beta of 0.95. Aflac Incorporated has a twelve month low of $73.62 and a twelve month high of $110.68. The stock’s 50-day simple moving average is $97.51 and its 200 day simple moving average is $89.19.
Aflac Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 1.81%. Aflac’s dividend payout ratio (DPR) is presently 22.08%.
Insider Activity
In related news, Director Thomas J. Kenny sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the sale, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
AFL has been the topic of several research analyst reports. Jefferies Financial Group lowered their price target on shares of Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Truist Financial lifted their price target on Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Morgan Stanley upped their price objective on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Bank of America lifted their target price on Aflac from $105.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Aflac from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Aflac currently has a consensus rating of “Hold” and a consensus price target of $91.69.
Read Our Latest Analysis on Aflac
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.
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