Cigna Investments Inc. New Sells 302 Shares of Aflac Incorporated (NYSE:AFL)

Cigna Investments Inc. New lowered its position in shares of Aflac Incorporated (NYSE:AFL) by 5.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,740 shares of the financial services provider’s stock after selling 302 shares during the quarter. Cigna Investments Inc. New’s holdings in Aflac were worth $642,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AFL. Nordea Investment Management AB increased its position in shares of Aflac by 6.7% in the 1st quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider’s stock valued at $155,140,000 after buying an additional 113,226 shares in the last quarter. Czech National Bank raised its position in shares of Aflac by 6.4% during the second quarter. Czech National Bank now owns 98,535 shares of the financial services provider’s stock worth $8,800,000 after purchasing an additional 5,912 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Aflac by 3.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 718,067 shares of the financial services provider’s stock valued at $61,653,000 after purchasing an additional 22,637 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Aflac by 13.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 708,248 shares of the financial services provider’s stock valued at $60,810,000 after purchasing an additional 86,578 shares during the period. Finally, M&G Plc acquired a new position in shares of Aflac in the 2nd quarter valued at approximately $2,535,000. Institutional investors own 67.44% of the company’s stock.

Insider Activity 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 shares were 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

AFL has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. TD Cowen started coverage on shares of Aflac in a research report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price objective on the stock. UBS Group increased their target price on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Barclays assumed coverage on Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price target on the stock. Finally, Truist Financial increased their price objective on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday. Three equities 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.87.

Aflac Stock Performance

Shares of AFL stock opened at $104.71 on Friday. The company has a fifty day moving average price of $110.52 and a two-hundred day moving average price of $97.68. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50. The stock has a market cap of $58.64 billion, a P/E ratio of 15.77, a P/E/G ratio of 2.24 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.46. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a net margin of 22.02% and a return on equity of 16.51%. Aflac’s revenue was down 40.4% on a year-over-year basis. During the same period last year, the business posted $1.84 EPS. As a group, equities analysts predict that Aflac Incorporated will post 6.83 EPS for the current year.

Aflac Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac’s payout ratio is presently 30.12%.

About Aflac

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.