Mutual of America Capital Management LLC Sells 3,141 Shares of Aflac Incorporated (NYSE:AFL)

Mutual of America Capital Management LLC decreased its stake in Aflac Incorporated (NYSE:AFL) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,068 shares of the financial services provider’s stock after selling 3,141 shares during the period. Mutual of America Capital Management LLC’s holdings in Aflac were worth $6,939,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Blair William & Co. IL lifted its stake in shares of Aflac by 1.7% in the 1st quarter. Blair William & Co. IL now owns 18,630 shares of the financial services provider’s stock valued at $1,600,000 after acquiring an additional 319 shares during the last quarter. Edgestream Partners L.P. boosted its stake in shares of Aflac by 9.5% during the first quarter. Edgestream Partners L.P. now owns 5,289 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 457 shares in the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of Aflac by 263.2% during the first quarter. UniSuper Management Pty Ltd now owns 18,539 shares of the financial services provider’s stock valued at $1,592,000 after purchasing an additional 13,434 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Aflac by 213.6% in the first quarter. Bessemer Group Inc. now owns 37,215 shares of the financial services provider’s stock valued at $3,195,000 after buying an additional 25,349 shares during the period. Finally, National Bank of Canada FI raised its holdings in Aflac by 6.8% in the 1st quarter. National Bank of Canada FI now owns 261,821 shares of the financial services provider’s stock valued at $22,536,000 after buying an additional 16,675 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Price Performance

Shares of NYSE AFL opened at $112.04 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $110.46 and its 200-day moving average price is $99.89. The firm has a market capitalization of $62.24 billion, a P/E ratio of 16.87, a P/E/G ratio of 2.15 and a beta of 0.96. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm posted $1.84 earnings per share. The company’s revenue for the quarter was down 40.4% compared to the same quarter last year. Equities research analysts anticipate that Aflac Incorporated will post 7.22 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 annualized dividend and a yield of 1.79%. Aflac’s payout ratio is 30.12%.

Analysts Set New Price Targets

AFL has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Piper Sandler increased their price objective on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Evercore ISI raised their target price on Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, September 26th. Morgan Stanley upped their price target on Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Finally, Barclays started coverage on Aflac in a research report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price objective for the company. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $97.93.

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.