State of New Jersey Common Pension Fund D Has $17.94 Million Stake in Aflac Incorporated (NYSE:AFL)

State of New Jersey Common Pension Fund D decreased its holdings in Aflac Incorporated (NYSE:AFL) by 37.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,906 shares of the financial services provider’s stock after selling 122,238 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Aflac were worth $17,943,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AFL. International Assets Investment Management LLC increased its holdings in shares of Aflac by 8.6% in the 4th quarter. International Assets Investment Management LLC now owns 5,453 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 433 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Aflac by 4.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 33,900 shares of the financial services provider’s stock valued at $2,797,000 after purchasing an additional 1,471 shares during the period. Quotient Wealth Partners LLC acquired a new position in Aflac in the fourth quarter worth approximately $213,000. Foundations Investment Advisors LLC increased its holdings in Aflac by 82.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 7,084 shares of the financial services provider’s stock worth $540,000 after buying an additional 3,196 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Aflac by 2.4% in the fourth quarter. Quadrant Capital Group LLC now owns 7,584 shares of the financial services provider’s stock worth $626,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Ratings Changes

AFL has been the subject of a number of recent analyst reports. UBS Group upped their target price on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Wells Fargo & Company increased their price target on Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Truist Financial increased their price target on Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Citigroup increased their price target on Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Barclays began coverage on Aflac in a report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $92.50.

Insider Buying and Selling at Aflac

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of Aflac 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 transaction, the director now directly owns 18,158 shares of the company’s stock, valued at $1,796,552.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Aflac Stock Up 0.6 %

AFL opened at $108.01 on Friday. Aflac Incorporated has a fifty-two week low of $74.89 and a fifty-two week high of $111.14. 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’s fifty day moving average price is $100.65 and its two-hundred day moving average price is $90.69. The company has a market capitalization of $61.37 billion, a P/E ratio of 11.92, a P/E/G ratio of 2.57 and a beta of 0.95.

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

Aflac Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 1.85%. 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.