Aflac Incorporated (NYSE:AFL) Shares Bought by Invesco LLC

Invesco LLC grew its position in Aflac Incorporated (NYSE:AFL - Free Report) by 20.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,290 shares of the financial services provider's stock after purchasing an additional 5,632 shares during the quarter. Aflac makes up 1.5% of Invesco LLC's investment portfolio, making the stock its 17th largest position. Invesco LLC's holdings in Aflac were worth $3,702,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AFL. Whipplewood Advisors LLC purchased a new position in Aflac in the fourth quarter valued at $26,000. Garde Capital Inc. acquired a new position in shares of Aflac during the 1st quarter worth about $36,000. BankPlus Trust Department purchased a new position in shares of Aflac in the 4th quarter valued at about $34,000. Curio Wealth LLC acquired a new stake in shares of Aflac during the 4th quarter worth about $36,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Aflac during the 4th quarter worth about $38,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AFL has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on Aflac from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods upped their target price on shares of Aflac from $104.00 to $106.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. Piper Sandler increased their target price on shares of Aflac from $118.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Barclays boosted their price target on shares of Aflac from $95.00 to $96.00 and gave the company an "underweight" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on Aflac from $94.00 to $96.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $104.93.

Insiders Place Their Bets

In other Aflac news, Director Arthur Reginald Collins sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $105.70, for a total transaction of $290,675.00. Following the transaction, the director now owns 6,728 shares in the company, valued at approximately $711,149.60. The trade was a 29.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph L. Moskowitz sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $106.79, for a total value of $106,790.00. Following the transaction, the director now directly owns 26,096 shares of the company's stock, valued at approximately $2,786,791.84. This trade represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,750 shares of company stock worth $4,304,295. 0.80% of the stock is owned by insiders.

Aflac Stock Performance

Shares of AFL traded down $1.65 during mid-day trading on Wednesday, hitting $102.51. 2,268,079 shares of the company's stock were exchanged, compared to its average volume of 2,115,852. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a fifty-two week low of $88.00 and a fifty-two week high of $115.50. The business's 50 day moving average is $104.76 and its two-hundred day moving average is $105.21. The firm has a market capitalization of $55.42 billion, a P/E ratio of 16.02, a P/E/G ratio of 3.25 and a beta of 0.82.

Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.66 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($0.01). Aflac had a return on equity of 15.55% and a net margin of 21.27%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The firm's revenue was down 37.5% compared to the same quarter last year. On average, equities analysts expect that Aflac Incorporated will post 6.88 earnings per share for the current year.

Aflac Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 21st were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.32 annualized dividend and a yield of 2.26%. Aflac's dividend payout ratio is currently 36.25%.

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.