Aflac Incorporated (NYSE:AFL) Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its holdings in Aflac Incorporated (NYSE:AFL) by 9.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,019 shares of the financial services provider’s stock after purchasing an additional 509 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Aflac were worth $673,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in 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 valued at $429,319,000 after buying an additional 285,576 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Aflac by 1.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,429,316 shares of the financial services provider’s stock worth $202,437,000 after acquiring an additional 31,752 shares during the last quarter. Guinness Asset Management LTD boosted its position in shares of Aflac by 3.8% during the 3rd quarter. Guinness Asset Management LTD now owns 2,276,325 shares of the financial services provider’s stock worth $254,382,000 after purchasing an additional 83,289 shares during the period. ProShare Advisors LLC increased its holdings in Aflac by 5.6% in the 2nd 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 raised its position in Aflac by 26.6% in the second quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock valued at $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.

Aflac Trading Up 0.6 %

AFL opened at $112.39 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.08 and a current 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 $62.44 billion, a P/E ratio of 16.93, a PEG ratio of 2.14 and a beta of 0.96. The business’s 50-day simple moving average is $110.73 and its 200-day simple moving average is $100.44.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $1.69 by $0.47. The company 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 prior year, the firm posted $1.84 earnings per share. As a group, equities research analysts expect that Aflac Incorporated will post 7.22 EPS for the current fiscal year.

Aflac Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a yield of 1.78%. Aflac’s dividend payout ratio (DPR) is presently 30.12%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AFL shares. Piper Sandler lifted their price objective on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. UBS Group lifted their target price on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. TD Cowen began coverage on shares of Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price target on the stock. Evercore ISI lifted their price objective on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, September 26th. Finally, Barclays initiated coverage on shares of Aflac in a report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.93.

Aflac 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.