E. Ohman J or Asset Management AB Acquires 1,870 Shares of Aflac Incorporated (NYSE:AFL)

E. Ohman J or Asset Management AB lifted its holdings in Aflac Incorporated (NYSE:AFL) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,370 shares of the financial services provider’s stock after purchasing an additional 1,870 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Aflac were worth $2,521,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Darwin Wealth Management LLC bought a new stake in shares of Aflac during the third quarter worth $34,000. Raelipskie Partnership acquired a new position in Aflac in the 3rd quarter worth $38,000. Covestor Ltd increased its holdings in Aflac by 41.8% during the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 107 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Aflac in the 3rd quarter valued at about $45,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Aflac in the third quarter valued at about $51,000. 67.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

AFL has been the topic of a number of recent research reports. Evercore ISI dropped their target price on Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 4th. BMO Capital Markets assumed coverage on shares of Aflac in a report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price objective on the stock. Bank of America increased their target price on shares of Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Truist Financial lifted their price target on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on shares of Aflac from $103.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Aflac currently has a consensus rating of “Hold” and a consensus target price of $103.71.

Aflac Stock Performance

AFL opened at $106.79 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32. Aflac Incorporated has a 12-month low of $75.44 and a 12-month high of $115.50. The business has a 50 day moving average of $105.37 and a 200-day moving average of $106.64. The stock has a market cap of $59.33 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.16 and a beta of 0.99.

Aflac Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.58 per share. This is an increase from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.32 annualized dividend and a yield of 2.17%. Aflac’s dividend payout ratio (DPR) is currently 30.12%.

Insiders Place Their Bets

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the completion of the sale, the executive vice president now directly owns 222,618 shares in the company, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.80% of the company’s stock.

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.