Aflac Incorporated $AFL Shares Acquired by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs lifted its holdings in shares of Aflac Incorporated (NYSE:AFL) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,328 shares of the financial services provider’s stock after acquiring an additional 334 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Aflac were worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AFL. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Aflac during the 2nd quarter valued at $26,000. AlphaCore Capital LLC acquired a new position in shares of Aflac during the 1st quarter valued at $28,000. Hilltop National Bank acquired a new position in shares of Aflac during the 2nd quarter valued at $32,000. Golden State Wealth Management LLC lifted its holdings in shares of Aflac by 121.9% during the 1st quarter. Golden State Wealth Management LLC now owns 304 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 167 shares in the last quarter. Finally, Groupe la Francaise acquired a new position in Aflac in the 1st quarter worth $34,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Price Performance

AFL opened at $107.22 on Friday. The company has a 50-day moving average of $108.67 and a 200-day moving average of $105.59. The company has a market capitalization of $57.34 billion, a P/E ratio of 24.31, a PEG ratio of 2.97 and a beta of 0.86. Aflac Incorporated has a 1-year low of $96.95 and a 1-year high of $115.43. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11.

Aflac (NYSE:AFL) last released its earnings results on Monday, February 27th. The financial services provider reported $1.07 earnings per share for the quarter. The company had revenue of $5.91 billion during the quarter. Aflac had a net margin of 15.32% and a return on equity of 15.08%. Equities analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 12th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Aflac Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 20th. Aflac’s dividend payout ratio is currently 52.61%.

Insider Buying and Selling at Aflac

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $102.57, for a total transaction of $102,570.00. Following the completion of the sale, the director owned 25,105 shares of the company’s stock, valued at $2,575,019.85. This represents a 3.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on AFL. Piper Sandler set a $125.00 price objective on shares of Aflac and gave the stock an “overweight” rating in a report on Tuesday, October 7th. UBS Group cut their price objective on shares of Aflac from $114.00 to $111.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Aflac in a report on Friday. Morgan Stanley boosted their price objective on shares of Aflac from $108.00 to $113.00 and gave the stock an “equal weight” rating in a report on Monday, August 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Aflac from $105.00 to $107.00 and gave the stock an “equal weight” rating in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $109.45.

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.