Oregon Public Employees Retirement Fund Has $3.97 Million Holdings in Aflac Incorporated (NYSE:AFL)

Oregon Public Employees Retirement Fund decreased its holdings in shares of Aflac Incorporated (NYSE:AFL) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,405 shares of the financial services provider’s stock after selling 618 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Aflac were worth $3,966,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in Aflac by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,190,954 shares of the financial services provider’s stock worth $263,254,000 after acquiring an additional 17,892 shares during the period. Norges Bank acquired a new stake in shares of Aflac during the fourth quarter worth $197,820,000. Nordea Investment Management AB increased its holdings in Aflac by 6.7% in the first quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider’s stock valued at $155,140,000 after purchasing an additional 113,226 shares during the last quarter. Assetmark Inc. lifted its stake in Aflac by 4.2% in the fourth quarter. Assetmark Inc. now owns 1,577,319 shares of the financial services provider’s stock valued at $130,129,000 after buying an additional 64,202 shares during the period. Finally, National Pension Service boosted its holdings in Aflac by 3.2% during the fourth quarter. National Pension Service now owns 1,483,726 shares of the financial services provider’s stock worth $122,407,000 after buying an additional 46,642 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the business’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 transaction of $197,880.00. Following the transaction, the director now owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AFL has been the topic of a number of analyst reports. Barclays assumed coverage on shares of Aflac in a research report on Wednesday. They issued an “underweight” rating and a $96.00 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of Aflac from $80.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, July 2nd. Jefferies Financial Group decreased their price target on shares of Aflac from $84.00 to $83.00 and set a “hold” rating for the company in a report on Friday, June 28th. Truist Financial raised their price objective on Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, UBS Group boosted their target price on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Aflac has an average rating of “Hold” and an average target price of $92.50.

Aflac Trading Up 1.3 %

NYSE AFL opened at $110.50 on Thursday. The stock has a market capitalization of $62.79 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 2.61 and a beta of 0.95. Aflac Incorporated has a 52 week low of $73.62 and a 52 week high of $111.14. The stock’s 50 day moving average price is $98.32 and its two-hundred day moving average price is $89.54. 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 earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.60 by $0.23. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. As a group, analysts anticipate that Aflac Incorporated will post 6.73 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Wednesday, August 21st. Aflac’s dividend payout ratio 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.