Aflac Incorporated (NYSE:AFL) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its stake in Aflac Incorporated (NYSE:AFL) by 4.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,193 shares of the financial services provider’s stock after selling 1,985 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Aflac were worth $4,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AFL. Strategic Financial Concepts LLC lifted its position in shares of Aflac by 7,001.0% in 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 in the last quarter. International Assets Investment Management LLC raised its position in Aflac by 10,878.5% during the third 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 period. Truist Financial Corp lifted its stake 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 acquiring an additional 405,847 shares in the last quarter. Swedbank AB purchased a new stake in Aflac in the 1st quarter worth about $27,588,000. Finally, Dimensional Fund Advisors LP lifted 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 worth $429,319,000 after purchasing an additional 285,576 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Stock Performance

Shares of NYSE AFL opened at $105.52 on Wednesday. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50. The company has a current ratio of 0.08, a quick ratio of 0.10 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $110.42 and a 200 day simple moving average of $98.25. The firm has a market capitalization of $59.09 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 2.07 and a beta of 0.96.

Aflac (NYSE:AFL) last issued 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. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $4.30 billion. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The firm’s revenue was down 40.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.84 EPS. Sell-side analysts expect that Aflac Incorporated will post 7.05 EPS for the current 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 issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.90%. Aflac’s payout ratio is presently 30.12%.

Analyst Ratings Changes

Several research firms have recently commented on AFL. Barclays assumed coverage on shares of Aflac in a report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target on the stock. Evercore ISI boosted their target price on shares of Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, September 26th. UBS Group raised their price target on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Citigroup boosted their price target on Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Piper Sandler increased their price objective on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Three equities 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.