XTX Topco Ltd Purchases New Position in Aflac Incorporated (NYSE:AFL)

XTX Topco Ltd acquired a new stake in Aflac Incorporated (NYSE:AFL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,882 shares of the financial services provider’s stock, valued at approximately $1,686,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new stake in shares of Aflac in the second quarter valued at approximately $25,000. Atwood & Palmer Inc. lifted its holdings in 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 buying an additional 140 shares in the last quarter. OFI Invest Asset Management acquired a new position in Aflac during the 1st quarter worth approximately $29,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Aflac during the first quarter worth approximately $34,000. Finally, Sachetta LLC acquired a new stake in shares of Aflac during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Truist Financial upped their price objective on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Piper Sandler boosted their target price on shares of Aflac from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, June 28th. JPMorgan Chase & Co. raised their target price on shares of Aflac from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Bank of America lifted their price target on shares of Aflac from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group dropped their price objective on Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Aflac currently has a consensus rating of “Hold” and a consensus price target of $92.50.

Insider Buying and Selling

In other news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total transaction of $197,880.00. Following the completion of the sale, the director now directly owns 18,158 shares in the company, valued at approximately $1,796,552.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Aflac Price Performance

AFL stock opened at $107.87 on Friday. The stock has a market cap of $61.29 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95. Aflac Incorporated has a 1 year low of $74.89 and a 1 year high of $111.14. The stock has a 50-day moving average price of $102.57 and a two-hundred day moving average price of $91.68. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.23. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. Aflac’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $1.58 earnings per share. Equities analysts forecast that Aflac Incorporated will post 6.75 EPS for the current fiscal year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend 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 currently 22.08%.

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.