Robeco Institutional Asset Management B.V. Has $155.82 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

Robeco Institutional Asset Management B.V. decreased its stake in Aflac Incorporated (NYSE:AFL) by 3.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,393,763 shares of the financial services provider’s stock after selling 52,539 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Aflac were worth $155,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AFL. Czech National Bank increased its position in shares of Aflac by 6.4% during the 2nd quarter. Czech National Bank now owns 98,535 shares of the financial services provider’s stock worth $8,800,000 after purchasing an additional 5,912 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Aflac by 3.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 718,067 shares of the financial services provider’s stock worth $61,653,000 after buying an additional 22,637 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Aflac by 13.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 708,248 shares of the financial services provider’s stock worth $60,810,000 after acquiring an additional 86,578 shares in the last quarter. M&G Plc acquired a new stake in Aflac in the second quarter valued at $2,535,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Aflac in the 1st quarter valued at about $832,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays initiated coverage on shares of Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 target price on the stock. Bank of America upped their price objective on Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen assumed coverage on Aflac in a research report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price objective for the company. Piper Sandler boosted their target price on Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised their price target on Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $97.87.

Aflac Trading Down 0.1 %

AFL stock opened at $104.71 on Monday. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50. The company has a market capitalization of $58.64 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The company’s 50-day simple moving average is $110.52 and its 200 day simple moving average is $97.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.10 and a current ratio of 0.08.

Aflac (NYSE:AFL) last announced its earnings results 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. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business posted $1.84 EPS. The business’s revenue was down 40.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aflac Incorporated will post 6.87 earnings per share for the current year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a yield of 1.91%. Aflac’s dividend payout ratio is presently 30.12%.

Insider Activity

In related news, Director Thomas J. Kenny sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following the transaction, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

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.