Tokio Marine Asset Management Co. Ltd. Increases Holdings in Aflac Incorporated (NYSE:AFL)

Tokio Marine Asset Management Co. Ltd. boosted its position in Aflac Incorporated (NYSE:AFL) by 16.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,634 shares of the financial services provider’s stock after buying an additional 2,015 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Aflac were worth $1,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Aflac by 6.3% during 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 acquiring an additional 285,576 shares during the period. APG Asset Management N.V. raised its holdings in shares of Aflac by 1.3% during the second quarter. APG Asset Management N.V. now owns 2,429,316 shares of the financial services provider’s stock worth $202,437,000 after purchasing an additional 31,752 shares during the last quarter. Guinness Asset Management LTD lifted its position in 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 purchasing an additional 83,289 shares during the period. ProShare Advisors LLC boosted its holdings in Aflac by 5.6% in 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 purchasing an additional 117,504 shares during the last quarter. Finally, Truist Financial Corp grew its position in Aflac by 26.6% during the 2nd 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.

Analyst Upgrades and Downgrades

AFL has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. UBS Group raised their price objective on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Citigroup boosted their target price on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company increased their price target on shares of Aflac from $106.00 to $107.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Finally, Barclays initiated coverage on shares of Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Aflac currently has an average rating of “Hold” and an average target price of $97.93.

Aflac Trading Down 0.7 %

Shares of Aflac stock opened at $109.69 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. 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 $60.94 billion, a PE ratio of 16.52, a P/E/G ratio of 2.13 and a beta of 0.96. The firm’s 50-day moving average price is $110.36 and its 200 day moving average price is $99.22.

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

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a yield of 1.82%. Aflac’s dividend payout ratio (DPR) is presently 30.12%.

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.