XTX Topco Ltd Makes New Investment in Aflac Incorporated $AFL

by · The Cerbat Gem

XTX Topco Ltd acquired a new stake in Aflac Incorporated (NYSE:AFL – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 27,264 shares of the financial services provider’s stock, valued at approximately $2,875,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC increased its holdings in Aflac by 1,526.7% in the second quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 229 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Aflac during the 2nd quarter worth approximately $26,000. AlphaCore Capital LLC bought a new stake in shares of Aflac in the 1st quarter valued at $28,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Aflac during the 2nd quarter valued at $26,000. Finally, Hilltop National Bank bought a new position in Aflac during the second quarter worth $32,000. Institutional investors own 67.44% of the company’s stock.

Aflac Price Performance

Shares of NYSE AFL opened at $111.73 on Wednesday. The stock has a market cap of $58.56 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.93 and a beta of 0.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $115.83. The firm’s 50-day simple moving average is $110.18 and its 200 day simple moving average is $106.17.

Aflac (NYSE:AFL – Get Free Report) last issued its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.07 EPS for the quarter. Aflac had a return on equity of 15.08% and a net margin of 15.32%.The firm had revenue of $5.91 billion during the quarter. As a group, research analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Aflac Increases Dividend

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

Aflac announced that its Board of Directors has initiated a share buyback program on Tuesday, August 12th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AFL. JPMorgan Chase & Co. lifted their price target on shares of Aflac from $100.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Wells Fargo & Company boosted their target price on Aflac from $107.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Evercore ISI upped their price target on Aflac from $110.00 to $111.00 and gave the stock an “underperform” rating in a research note on Friday, November 7th. Piper Sandler set a $125.00 price objective on Aflac and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Finally, Barclays restated an “underweight” rating and set a $104.00 price objective (up previously from $102.00) on shares of Aflac in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $111.00.

Check Out Our Latest Analysis on Aflac

Insider Buying and Selling at Aflac

In other Aflac news, EVP Frederic Jean Guy Simard sold 1,722 shares of Aflac stock in a transaction 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 transaction, the executive vice president directly owned 1,364 shares of the company’s stock, valued at $153,450. The trade was a 55.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph L. Moskowitz sold 1,000 shares of Aflac stock in a transaction on Friday, November 7th. The stock was sold at an average price of $114.00, for a total transaction of $114,000.00. Following the transaction, the director directly owned 23,615 shares in the company, valued at $2,692,110. This represents a 4.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 22,822 shares of company stock worth $2,571,002. Corporate insiders own 0.90% of the company’s stock.

Aflac Company Profile

(Free Report)

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.

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