QRG Capital Management Inc. Has $74.67 Million Position in Aflac Incorporated (NYSE:AFL)

QRG Capital Management Inc. lifted its position in shares of Aflac Incorporated (NYSE:AFL) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 667,842 shares of the financial services provider’s stock after acquiring an additional 19,137 shares during the period. Aflac makes up about 0.8% of QRG Capital Management Inc.’s portfolio, making the stock its 18th largest holding. QRG Capital Management Inc. owned approximately 0.12% of Aflac worth $74,665,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AFL. Secure Asset Management LLC lifted its stake in Aflac by 1.0% in the third quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 96 shares during the period. Ascent Group LLC increased its stake in shares of Aflac by 0.6% in the 2nd quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after acquiring an additional 99 shares in the last quarter. Ieq Capital LLC lifted its position in shares of Aflac by 0.5% during the 2nd quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after acquiring an additional 101 shares during the period. New Century Financial Group LLC boosted its stake in Aflac by 2.5% during the third quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 101 shares in the last quarter. Finally, Forum Financial Management LP grew its holdings in Aflac by 1.3% in the second quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock worth $745,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Transactions at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by company insiders.

Aflac Stock Performance

Shares of AFL opened at $104.85 on Monday. The stock has a 50 day moving average of $110.52 and a 200 day moving average of $97.93. The company has a market capitalization of $58.72 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 2.12 and a beta of 0.96. Aflac Incorporated has a 12 month low of $75.07 and a 12 month 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.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.47. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The business’s revenue was down 40.4% compared to the same quarter last year. During the same period last year, the firm posted $1.84 EPS. As a group, sell-side analysts forecast that Aflac Incorporated will post 6.87 earnings per share for the current year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac’s dividend payout ratio is currently 30.12%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AFL shares. Bank of America increased their price objective on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Piper Sandler upped their target price on Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. UBS Group increased their target price on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Evercore ISI boosted their price target on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, September 26th. Finally, Morgan Stanley raised their price objective on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Three research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.87.

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.