Invesco LLC Purchases 1,550 Shares of Aflac Incorporated (NYSE:AFL)

Invesco LLC increased its position in shares of Aflac Incorporated (NYSE:AFL) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,984 shares of the financial services provider’s stock after acquiring an additional 1,550 shares during the quarter. Aflac comprises 1.2% of Invesco LLC’s holdings, making the stock its 19th biggest position. Invesco LLC’s holdings in Aflac were worth $3,017,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in shares of Aflac in the second quarter worth $25,000. Cedar Wealth Management LLC purchased a new position in shares of Aflac in the first quarter worth $50,000. Fairscale Capital LLC purchased a new position in shares of Aflac during the second quarter worth $54,000. Valued Wealth Advisors LLC raised its holdings in shares of Aflac by 116.7% during the third quarter. Valued Wealth Advisors LLC now owns 479 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 258 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Aflac by 178.6% during the second quarter. HHM Wealth Advisors LLC now owns 624 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AFL shares. Bank of America lifted their price objective on shares of Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Piper Sandler lifted their price objective on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Truist Financial lifted their price objective on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a report on Friday. UBS Group lifted their price objective on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, TD Cowen started coverage on shares of Aflac in a report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $97.87.

Aflac Trading Down 0.1 %

Shares of Aflac stock traded down $0.08 on Friday, reaching $104.71. The company had a trading volume of 2,823,181 shares, compared to its average volume of 2,237,747. The firm’s 50 day moving average price is $110.52 and its two-hundred day moving average price is $97.68. The firm has a market cap of $58.64 billion, a PE ratio of 15.77, a PEG ratio of 2.24 and a beta of 0.95. Aflac Incorporated has a 52-week low of $75.07 and a 52-week high of $115.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.51%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the firm earned $1.84 EPS. The firm’s revenue for the quarter was down 40.4% on a year-over-year basis. Sell-side analysts predict that Aflac Incorporated will post 6.83 earnings per share 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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, November 20th. Aflac’s dividend payout ratio (DPR) is presently 30.12%.

Insiders Place Their Bets

In other news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the completion of the transaction, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by company insiders.

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.