Kentucky Retirement Systems Has $3.93 Million Position in Aflac Incorporated (NYSE:AFL)

Kentucky Retirement Systems trimmed its holdings in shares of Aflac Incorporated (NYSE:AFL) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,113 shares of the financial services provider’s stock after selling 3,852 shares during the quarter. Kentucky Retirement Systems’ holdings in Aflac were worth $3,926,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Czech National Bank lifted its holdings in 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 buying an additional 5,912 shares during the period. Aptus Capital Advisors LLC boosted its holdings in Aflac by 79.7% in the third quarter. Aptus Capital Advisors LLC now owns 27,354 shares of the financial services provider’s stock valued at $3,058,000 after acquiring an additional 12,131 shares during the last quarter. M&G Plc acquired a new stake in Aflac during the 2nd quarter valued at approximately $2,535,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Aflac by 576.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 8,075 shares of the financial services provider’s stock worth $721,000 after purchasing an additional 6,882 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Aflac by 161.0% in the 1st quarter. Cetera Investment Advisers now owns 311,239 shares of the financial services provider’s stock valued at $26,723,000 after purchasing an additional 191,975 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Aflac Trading Up 1.5 %

NYSE:AFL opened at $111.32 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50. The company has a market cap of $61.84 billion, a PE ratio of 16.77, a PEG ratio of 2.13 and a beta of 0.96. The firm has a 50-day moving average of $110.41 and a 200-day moving average of $99.59.

Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the company posted $1.84 EPS. The company’s revenue for the quarter was down 40.4% on a year-over-year basis. As a group, equities research analysts expect that Aflac Incorporated will post 7.22 EPS for the current fiscal year.

Aflac Dividend Announcement

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 paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac’s dividend payout ratio (DPR) is presently 30.12%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Bank of America boosted 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. Truist Financial raised their target price on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. TD Cowen began coverage on Aflac in a report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price target on the stock. Finally, Barclays assumed coverage on shares of Aflac in a research report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price objective for the company. Three equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.