Integrated Investment Consultants LLC Increases Holdings in Aflac Incorporated (NYSE:AFL)

Integrated Investment Consultants LLC raised its stake in Aflac Incorporated (NYSE:AFL) by 71.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,668 shares of the financial services provider’s stock after acquiring an additional 17,375 shares during the period. Integrated Investment Consultants LLC’s holdings in Aflac were worth $4,310,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AFL. Spinnaker Trust boosted its position in shares of Aflac by 2.7% during the 3rd quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 95 shares during the last quarter. Secure Asset Management LLC raised its stake in Aflac by 1.0% during the third quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 96 shares in the last quarter. Ascent Group LLC lifted its position in Aflac by 0.6% during the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock valued at $1,539,000 after purchasing an additional 99 shares during the last quarter. Ieq Capital LLC grew its stake 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 buying an additional 101 shares in the last quarter. Finally, New Century Financial Group LLC increased its holdings in shares of Aflac by 2.5% in the 3rd 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. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AFL has been the subject of a number of analyst reports. Truist Financial increased their price target on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their target price on Aflac from $103.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday. Barclays increased their price target on Aflac from $96.00 to $98.00 and gave the company an “underweight” rating in a report on Monday, January 6th. TD Cowen initiated coverage on shares of Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective on the stock. Finally, Piper Sandler increased their target price 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $102.07.

Aflac Price Performance

Shares of AFL stock opened at $106.43 on Friday. The company’s 50-day simple moving average is $106.45 and its two-hundred day simple moving average is $105.13. 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 one year low of $75.07 and a one year high of $115.50. The company has a market capitalization of $59.13 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.09 and a beta of 1.00.

Aflac (NYSE:AFL) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $1.69 by $0.47. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. Aflac’s quarterly 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 anticipate that Aflac Incorporated will post 7.26 EPS for the current year.

Aflac Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This is a positive change from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 dividend on an annualized basis and a yield of 2.18%. Aflac’s dividend payout ratio is 30.12%.

Insider Buying and Selling

In related news, EVP Audrey B. Tillman sold 24,744 shares of the business’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 value of $2,558,529.60. Following the completion of the transaction, the executive vice president now owns 222,618 shares of the company’s stock, valued at $23,018,701.20. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by insiders.

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.