CIBC Asset Management Inc raised its position in shares of AFLAC Incorporated (NYSE:AFL) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 84,941 shares of the financial services provider’s stock after purchasing an additional 1,728 shares during the quarter. CIBC Asset Management Inc’s holdings in AFLAC were worth $3,060,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in AFL. OLD Second National Bank of Aurora grew its position in shares of AFLAC by 10.3% during the 1st quarter. OLD Second National Bank of Aurora now owns 2,868 shares of the financial services provider’s stock worth $98,000 after buying an additional 268 shares during the period. Liberty Capital Management Inc. grew its position in AFLAC by 0.3% in the 1st quarter. Liberty Capital Management Inc. now owns 90,611 shares of the financial services provider’s stock valued at $3,108,000 after purchasing an additional 314 shares during the period. Arjuna Capital grew its position in AFLAC by 0.6% in the 1st quarter. Arjuna Capital now owns 53,549 shares of the financial services provider’s stock valued at $1,834,000 after purchasing an additional 319 shares during the period. Enterprise Financial Services Corp grew its position in AFLAC by 11.6% in the 1st quarter. Enterprise Financial Services Corp now owns 3,096 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 321 shares during the period. Finally, BKD Wealth Advisors LLC grew its position in AFLAC by 7.3% in the 2nd quarter. BKD Wealth Advisors LLC now owns 6,378 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 435 shares during the period. 67.27% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. Raymond James reduced their price target on shares of AFLAC from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Zacks Investment Research downgraded shares of AFLAC from a “buy” rating to a “hold” rating and set a $37.00 price target for the company. in a research report on Tuesday, April 7th. Piper Sandler reduced their price target on shares of AFLAC from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, April 3rd. Credit Suisse Group dropped their price objective on AFLAC from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Finally, Morgan Stanley raised their price objective on AFLAC from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $44.20.
NYSE AFL opened at $35.57 on Friday. The stock has a market capitalization of $25.32 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 1.60 and a beta of 0.89. AFLAC Incorporated has a one year low of $23.07 and a one year high of $55.07. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.07 and a quick ratio of 0.05. The business’s fifty day moving average is $35.96 and its 200-day moving average is $39.78.
AFLAC (NYSE:AFL) last released its earnings results on Tuesday, July 28th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.23. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.49 billion. AFLAC had a return on equity of 11.98% and a net margin of 13.50%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.13 EPS. Research analysts expect that AFLAC Incorporated will post 4.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, August 18th. AFLAC’s payout ratio is 25.23%.
AFLAC Company Profile
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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