Robeco Institutional Asset Management B.V. Has $1.04 Million Holdings in Aflac Incorporated (NYSE:AFL)

Robeco Institutional Asset Management B.V. lowered its position in Aflac Incorporated (NYSE:AFL) by 53.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,265,852 shares of the financial services provider’s stock after selling 1,444,003 shares during the period. Robeco Institutional Asset Management B.V. owned 0.22% of Aflac worth $1,044,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Aflac by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 54,208,007 shares of the financial services provider’s stock worth $4,160,465,000 after acquiring an additional 605,210 shares in the last quarter. Morgan Stanley lifted its stake in Aflac by 9.0% in the third quarter. Morgan Stanley now owns 9,643,531 shares of the financial services provider’s stock valued at $740,141,000 after buying an additional 794,784 shares during the period. Northern Trust Corp boosted its holdings in shares of Aflac by 5.3% during the 3rd quarter. Northern Trust Corp now owns 7,295,810 shares of the financial services provider’s stock worth $559,953,000 after buying an additional 368,704 shares in the last quarter. Invesco Ltd. grew its position in shares of Aflac by 5.0% during the 3rd quarter. Invesco Ltd. now owns 4,808,289 shares of the financial services provider’s stock worth $369,036,000 after buying an additional 227,516 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Aflac by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,190,954 shares of the financial services provider’s stock valued at $263,254,000 after acquiring an additional 17,892 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Aflac

In other news, SVP Albert Riggieri sold 8,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $83.34, for a total transaction of $666,720.00. Following the completion of the transaction, the senior vice president now owns 32,825 shares in the company, valued at approximately $2,735,635.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Albert Riggieri sold 8,000 shares of Aflac stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $83.34, for a total value of $666,720.00. Following the completion of the transaction, the senior vice president now directly owns 32,825 shares in the company, valued at approximately $2,735,635.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles D. Lake II sold 22,378 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $87.47, for a total value of $1,957,403.66. Following the completion of the transaction, the director now directly owns 61,522 shares of the company’s stock, valued at $5,381,329.34. The disclosure for this sale can be found here. Insiders have sold a total of 35,978 shares of company stock worth $3,098,128 over the last ninety days. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AFL has been the subject of several research analyst reports. Truist Financial lifted their price target on shares of Aflac from $80.00 to $82.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods raised their price objective on Aflac from $83.00 to $87.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. StockNews.com raised Aflac from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Raymond James lifted their price target on shares of Aflac from $83.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Piper Sandler upped their price objective on shares of Aflac from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $82.38.

Aflac Trading Down 1.0 %

NYSE AFL opened at $86.78 on Friday. The business’s fifty day moving average is $84.51 and its 200-day moving average is $82.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $49.31 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 2.38 and a beta of 0.91. Aflac Incorporated has a one year low of $64.10 and a one year high of $88.59.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. Aflac had a net margin of 27.67% and a return on equity of 16.88%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities research analysts predict that Aflac Incorporated will post 6.46 EPS for the current year.

Aflac Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 22nd will be given a $0.50 dividend. This is an increase from Aflac’s previous quarterly dividend of $0.42. This represents a $2.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Tuesday, May 21st. Aflac’s dividend payout ratio (DPR) is currently 22.08%.

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.