Aflac Incorporated (NYSE:AFL) Stock Holdings Increased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its position in shares of Aflac Incorporated (NYSE:AFL) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,224 shares of the financial services provider’s stock after purchasing an additional 771 shares during the period. OneDigital Investment Advisors LLC’s holdings in Aflac were worth $2,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC increased its holdings in shares of Aflac by 7,001.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider’s stock valued at $596,000 after acquiring an additional 658,303 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Aflac by 10,878.5% in the 3rd quarter. International Assets Investment Management LLC now owns 559,903 shares of the financial services provider’s stock valued at $62,597,000 after buying an additional 554,803 shares during the last quarter. Truist Financial Corp increased its position in Aflac by 26.6% in the 2nd quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock worth $172,338,000 after buying an additional 405,847 shares during the period. Swedbank AB acquired a new position in shares of Aflac during the first quarter worth approximately $27,588,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Aflac by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock valued at $429,319,000 after acquiring an additional 285,576 shares during the period. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Trading Up 1.5 %

Shares of NYSE AFL opened at $111.32 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $110.41 and a two-hundred day moving average of $99.59. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50. The company has a market cap of $61.84 billion, a PE ratio of 16.77, a P/E/G ratio of 2.13 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 EPS for the quarter, beating the consensus estimate of $1.69 by $0.47. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The business’s revenue for the quarter was down 40.4% on a year-over-year basis. During the same period last year, the firm earned $1.84 EPS. As a group, equities analysts expect that Aflac Incorporated will post 7.22 earnings per share for the current fiscal year.

Aflac Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AFL shares. UBS Group boosted their target price on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Citigroup upped their price objective on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Evercore ISI lifted their target price on Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, September 26th. Piper Sandler boosted their price target on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley upped their price objective on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Three research 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, Aflac presently has a consensus rating of “Hold” and an average target price of $97.93.

Aflac Company 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.