Aflac Incorporated (NYSE:AFL) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Aflac Incorporated (NYSE:AFL) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,279 shares of the financial services provider’s stock after acquiring an additional 4,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Aflac were worth $10,028,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Y.D. More Investments Ltd acquired a new position in shares of Aflac during the second quarter worth $25,000. Atwood & Palmer Inc. boosted its position in shares of Aflac by 80.0% during the 1st quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 140 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Aflac in the 1st quarter valued at about $29,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Aflac during the 1st quarter worth about $34,000. Finally, Cedar Wealth Management LLC purchased a new stake in Aflac during the first quarter worth approximately $50,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Aflac Stock Performance

NYSE:AFL opened at $107.92 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $61.32 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95. The firm’s fifty day moving average price is $102.88 and its 200 day moving average price is $91.96. Aflac Incorporated has a 1-year low of $74.89 and a 1-year high of $111.14.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.23. The business 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 quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. On average, sell-side analysts expect that Aflac Incorporated will post 6.75 EPS for the current year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s dividend payout ratio (DPR) is 22.08%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Citigroup boosted their price target on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Piper Sandler raised their price objective on Aflac from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Bank of America boosted their target price on Aflac from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Barclays assumed coverage on Aflac in a research note on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Aflac currently has a consensus rating of “Hold” and a consensus price target of $92.50.

Insider Activity

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 18,158 shares in the company, valued at $1,796,552.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.