Pacer Advisors Inc. Has $8.22 Million Holdings in Aflac Incorporated (NYSE:AFL)

Pacer Advisors Inc. boosted its holdings in Aflac Incorporated (NYSE:AFL) by 21.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,506 shares of the financial services provider’s stock after purchasing an additional 12,768 shares during the quarter. Pacer Advisors Inc.’s holdings in Aflac were worth $8,218,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Spinnaker Trust raised its stake in Aflac by 2.7% during the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock worth $405,000 after buying an additional 95 shares during the period. Secure Asset Management LLC boosted its holdings in shares of Aflac by 1.0% in the 3rd quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock worth $1,094,000 after buying an additional 96 shares during the last quarter. Ascent Group LLC increased its holdings in Aflac by 0.6% during the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock worth $1,539,000 after buying an additional 99 shares during the last quarter. Ieq Capital LLC raised its holdings in shares of Aflac by 0.5% in the 2nd quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock worth $1,945,000 after purchasing an additional 101 shares during the period. Finally, New Century Financial Group LLC increased its position in Aflac by 2.5% in the third quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock worth $469,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analysts Set New Price Targets

AFL has been the topic of a number of research reports. TD Cowen assumed coverage on Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price objective on the stock. Truist Financial boosted their price target on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Bank of America raised their price objective on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Piper Sandler lifted their price objective on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. increased their target price on Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Aflac currently has a consensus rating of “Hold” and an average price target of $97.93.

Aflac Stock Performance

NYSE:AFL opened at $112.39 on Friday. The company has a market capitalization of $62.44 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.15 and a beta of 0.96. The business has a 50 day moving average of $110.73 and a 200 day moving average of $100.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The firm’s revenue was down 40.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. On average, sell-side analysts predict that Aflac Incorporated will post 7.22 earnings per share for the current fiscal year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a dividend yield of 1.78%. Aflac’s dividend payout ratio is currently 30.12%.

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.