Kentucky Retirement Systems Insurance Trust Fund Has $1.67 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in Aflac Incorporated (NYSE:AFL) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,923 shares of the financial services provider’s stock after selling 1,755 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Aflac were worth $1,668,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AFL. Dimensional Fund Advisors LP increased its position in Aflac by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock valued at $429,319,000 after buying an additional 285,576 shares in the last quarter. APG Asset Management N.V. grew its stake in Aflac by 1.3% in the second quarter. APG Asset Management N.V. now owns 2,429,316 shares of the financial services provider’s stock valued at $202,437,000 after acquiring an additional 31,752 shares during the period. Guinness Asset Management LTD increased its holdings in shares of Aflac by 3.8% during the third quarter. Guinness Asset Management LTD now owns 2,276,325 shares of the financial services provider’s stock valued at $254,382,000 after acquiring an additional 83,289 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Aflac by 5.6% during the second quarter. ProShare Advisors LLC now owns 2,220,125 shares of the financial services provider’s stock valued at $198,279,000 after acquiring an additional 117,504 shares in the last quarter. Finally, Truist Financial Corp raised its position in shares of Aflac by 26.6% during the second quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock worth $172,338,000 after purchasing an additional 405,847 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Stock Up 1.5 %

AFL stock opened at $111.32 on Friday. The stock has a 50-day simple moving average of $110.41 and a two-hundred day simple moving average of $99.59. Aflac Incorporated has a twelve month low of $75.07 and a twelve month high of $115.50. The firm has a market capitalization of $61.84 billion, a PE ratio of 16.77, a PEG ratio of 2.13 and a beta of 0.96. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32.

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

Aflac Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a yield of 1.80%. Aflac’s payout ratio is 30.12%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AFL. Morgan Stanley lifted their price target on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Bank of America upped their target price on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. UBS Group boosted their price objective on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Truist Financial increased their price objective on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Barclays initiated coverage on Aflac in a research report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.