Public Sector Pension Investment Board Purchases 300 Shares of Aflac Incorporated (NYSE:AFL)

Public Sector Pension Investment Board grew its position in Aflac Incorporated (NYSE:AFL) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,995 shares of the financial services provider’s stock after purchasing an additional 300 shares during the quarter. Public Sector Pension Investment Board’s holdings in Aflac were worth $9,838,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Aptus Capital Advisors LLC grew its position in shares of Aflac by 79.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 27,354 shares of the financial services provider’s stock worth $3,058,000 after buying an additional 12,131 shares during the period. Czech National Bank raised its holdings in shares of Aflac by 6.4% during the second quarter. Czech National Bank now owns 98,535 shares of the financial services provider’s stock valued at $8,800,000 after purchasing an additional 5,912 shares during the period. M&G Plc bought a new position in shares of Aflac during the 2nd quarter worth about $2,535,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Aflac by 576.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 8,075 shares of the financial services provider’s stock valued at $721,000 after buying an additional 6,882 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Aflac by 161.0% in the 1st quarter. Cetera Investment Advisers now owns 311,239 shares of the financial services provider’s stock worth $26,723,000 after purchasing an additional 191,975 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Aflac Trading Up 0.1 %

Shares of AFL stock opened at $114.10 on Friday. The business has a 50-day moving average price of $111.11 and a two-hundred day moving average price of $101.23. Aflac Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50. 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 has a market cap of $63.39 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $1.84 EPS. Aflac’s quarterly revenue was down 40.4% compared to the same quarter last year. Equities analysts anticipate that Aflac Incorporated will post 7.22 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, November 20th. Aflac’s dividend payout ratio is currently 30.12%.

Analyst Ratings Changes

Several brokerages recently issued reports on AFL. TD Cowen began coverage on Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 target price on the stock. Evercore ISI boosted their price target on shares of Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a report on Thursday, September 26th. Barclays started coverage on shares of Aflac in a research report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target for the company. Piper Sandler lifted their price objective on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price objective on Aflac from $106.00 to $107.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $97.93.

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.