Robeco Institutional Asset Management B.V. Has $176.29 Million Stock Position in Aflac Incorporated $AFL

Robeco Institutional Asset Management B.V. lessened its stake in shares of Aflac Incorporated (NYSE:AFL) by 4.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,578,210 shares of the financial services provider’s stock after selling 76,592 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.30% of Aflac worth $176,286,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. True Wealth Design LLC increased its position in shares of Aflac by 188.5% during the 3rd quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in Aflac by 1,526.7% during the second quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock worth $26,000 after buying an additional 229 shares during the last quarter. Chilton Capital Management LLC bought a new stake in Aflac during the second quarter worth $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Aflac in the second quarter valued at $26,000. Finally, Hilltop National Bank acquired a new stake in Aflac in the second quarter valued at $32,000. 67.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AFL. Raymond James Financial reaffirmed an “outperform” rating and issued a $119.00 target price (up from $110.00) on shares of Aflac in a report on Tuesday, December 30th. Wells Fargo & Company raised their price objective on Aflac from $107.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. TD Cowen boosted their target price on Aflac from $100.00 to $102.00 and gave the stock a “hold” rating in a report on Monday, December 22nd. Cowen reaffirmed a “hold” rating on shares of Aflac in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $110.92.

Insider Buying and Selling at Aflac

In other Aflac news, EVP Audrey B. Tillman sold 15,862 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $112.00, for a total transaction of $1,776,544.00. Following the transaction, the executive vice president owned 230,688 shares in the company, valued at $25,837,056. This represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Frederic Jean Guy Simard sold 1,722 shares of Aflac stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $112.50, for a total transaction of $193,725.00. Following the completion of the sale, the executive vice president owned 1,364 shares of the company’s stock, valued at approximately $153,450. The trade was a 55.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 31,766 shares of company stock worth $3,549,706. 0.90% of the stock is currently owned by company insiders.

Aflac Stock Performance

AFL opened at $112.11 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.11 and a quick ratio of 0.11. The business has a fifty day simple moving average of $110.33 and a 200 day simple moving average of $107.50. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $115.83. The company has a market capitalization of $58.76 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 3.23 and a beta of 0.67.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.07 earnings per share for the quarter. The firm had revenue of $5.91 billion for the quarter. Aflac had a return on equity of 14.97% and a net margin of 23.55%. Research analysts expect that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $2.44 dividend on an annualized basis and a yield of 2.2%. This is an increase from Aflac’s previous quarterly dividend of $0.58. Aflac’s payout ratio is presently 31.85%.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.