Aflac Incorporated (NYSE:AFL) Stock Holdings Boosted by Stolper Co

Stolper Co raised its position in shares of Aflac Incorporated (NYSE:AFLFree Report) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,233 shares of the financial services provider’s stock after purchasing an additional 1,016 shares during the quarter. Aflac comprises 2.5% of Stolper Co’s portfolio, making the stock its 11th largest holding. Stolper Co’s holdings in Aflac were worth $6,803,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AFL. Norges Bank bought a new stake in shares of Aflac during the 4th quarter worth $197,820,000. Morgan Stanley boosted its stake in shares of Aflac by 9.0% during the 3rd quarter. Morgan Stanley now owns 9,643,531 shares of the financial services provider’s stock worth $740,141,000 after acquiring an additional 794,784 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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. International Assets Investment Management LLC boosted its stake in shares of Aflac by 8,861.1% during the 4th quarter. International Assets Investment Management LLC now owns 449,849 shares of the financial services provider’s stock worth $37,113,000 after acquiring an additional 444,829 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Aflac by 5.3% during the 3rd quarter. Northern Trust Corp now owns 7,295,810 shares of the financial services provider’s stock worth $559,953,000 after acquiring an additional 368,704 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Aflac Stock Up 1.0 %

Aflac stock traded up $0.88 during mid-day trading on Thursday, hitting $89.87. 660,247 shares of the company’s stock were exchanged, compared to its average volume of 2,203,219. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.34. The stock has a market cap of $51.07 billion, a P/E ratio of 9.90, a P/E/G ratio of 2.20 and a beta of 0.96. Aflac Incorporated has a 1-year low of $66.58 and a 1-year high of $89.91. The stock has a 50 day moving average of $85.78 and a two-hundred day moving average of $83.48.

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, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $4.09 billion. Aflac had a net margin of 27.67% and a return on equity of 16.88%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. As a group, analysts anticipate that Aflac Incorporated will post 6.46 EPS for the current fiscal year.

Aflac Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 22nd were paid 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 dividend yield of 2.23%. This is a boost from Aflac’s previous quarterly dividend of $0.42. Aflac’s payout ratio is 22.08%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AFL. StockNews.com upgraded Aflac from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Piper Sandler increased their target price on Aflac from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Truist Financial increased their target price on Aflac from $80.00 to $82.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods increased their target price on Aflac from $83.00 to $87.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company increased their price objective on Aflac from $81.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $82.38.

Check Out Our Latest Stock Analysis on Aflac

Insider Buying and Selling

In other Aflac news, Director Charles D. Lake II sold 22,378 shares of Aflac stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $87.47, for a total transaction of $1,957,403.66. Following the completion of the sale, the director now owns 61,522 shares of the company’s stock, valued at approximately $5,381,329.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Charles D. Lake II sold 22,378 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $87.47, for a total value of $1,957,403.66. Following the completion of the transaction, the director now owns 61,522 shares of the company’s stock, valued at approximately $5,381,329.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph L. Moskowitz sold 600 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $84.84, for a total transaction of $50,904.00. Following the completion of the transaction, the director now directly owns 27,550 shares of the company’s stock, valued at approximately $2,337,342. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

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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