Andra AP fonden Has $9.32 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

Andra AP fonden decreased its holdings in shares of Aflac Incorporated (NYSE:AFL) by 11.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 104,300 shares of the financial services provider’s stock after selling 13,000 shares during the period. Andra AP fonden’s holdings in Aflac were worth $9,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Atwood & Palmer Inc. increased its position in 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 buying an additional 140 shares during the period. OFI Invest Asset Management bought a new position in Aflac during the 1st quarter worth $29,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Aflac during the 1st quarter worth $34,000. Sachetta LLC bought a new position in Aflac during the 4th quarter worth $35,000. Finally, Cedar Wealth Management LLC bought a new position in Aflac during the 1st quarter worth $50,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Activity

In other news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction dated 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 directly owns 18,158 shares of the company’s stock, valued at $1,796,552.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

AFL has been the topic of several recent research reports. Truist Financial increased their price objective on Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Morgan Stanley increased their price objective on Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Bank of America increased their price objective on Aflac from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Jefferies Financial Group decreased their price target on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Finally, Barclays initiated coverage on Aflac in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $92.50.

Aflac Stock Performance

NYSE:AFL opened at $108.42 on Wednesday. The stock’s 50-day simple moving average is $99.91 and its 200 day simple moving average is $90.45. The firm has a market capitalization of $60.72 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 2.57 and a beta of 0.95. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a twelve month low of $74.89 and a twelve month high of $111.14.

Aflac (NYSE:AFL) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.23. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. Aflac’s revenue was down .7% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. On average, analysts anticipate that Aflac Incorporated will post 6.75 EPS for the current fiscal year.

Aflac Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s payout ratio is 22.08%.

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.