IFM Investors Pty Ltd Sells 595 Shares of Aflac Incorporated (NYSE:AFL)

IFM Investors Pty Ltd lessened its stake in Aflac Incorporated (NYSE:AFL) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 123,144 shares of the financial services provider’s stock after selling 595 shares during the period. IFM Investors Pty Ltd’s holdings in Aflac were worth $13,767,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Y.D. More Investments Ltd bought a new stake in shares of Aflac during the 2nd quarter valued at $25,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Aflac during the first quarter worth $34,000. Fairscale Capital LLC acquired a new position in Aflac during the second quarter worth $54,000. Cedar Wealth Management LLC acquired a new position in Aflac during the first quarter worth $50,000. Finally, HHM Wealth Advisors LLC boosted its holdings in 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.

Analyst Ratings Changes

Several research analysts recently commented on AFL shares. Truist Financial increased their target price on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Citigroup upped their price target on shares of Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company upped their price target on shares of Aflac from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Evercore ISI upped their price target 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. Finally, UBS Group upped their price target on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $97.53.

Aflac Price Performance

NYSE:AFL opened at $112.02 on Friday. Aflac Incorporated has a 52 week low of $75.07 and a 52 week high of $115.50. The firm has a market cap of $63.65 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 2.62 and a beta of 0.95. The firm’s 50-day simple moving average is $110.03 and its 200 day simple moving average is $96.48. 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 quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.23. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.10 billion. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. As a group, sell-side analysts predict that Aflac Incorporated will post 6.76 earnings per share for the current year.

Aflac Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 1.79%. Aflac’s payout ratio is 22.08%.

Insiders Place Their Bets

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total transaction of $197,880.00. Following the sale, the director now directly owns 18,158 shares in the company, valued at $1,796,552.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

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.