Kingsview Wealth Management LLC Grows Stock Position in Aflac Incorporated (NYSE:AFL)

Kingsview Wealth Management LLC boosted its position in Aflac Incorporated (NYSE:AFL) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,410 shares of the financial services provider’s stock after buying an additional 718 shares during the period. Kingsview Wealth Management LLC’s holdings in Aflac were worth $1,499,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC boosted its holdings in Aflac by 7,001.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 658,303 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Aflac by 10,878.5% in the third quarter. International Assets Investment Management LLC now owns 559,903 shares of the financial services provider’s stock valued at $62,597,000 after buying an additional 554,803 shares in the last quarter. Truist Financial Corp grew its holdings in Aflac by 26.6% during the second quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock worth $172,338,000 after acquiring an additional 405,847 shares during the period. Swedbank AB purchased a new position in Aflac in the first quarter worth $27,588,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Aflac by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock valued at $429,319,000 after acquiring an additional 285,576 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AFL. Barclays initiated coverage on shares of Aflac in a report on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price target for the company. Bank of America lifted their price target on shares of Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their price target on Aflac from $106.00 to $107.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Truist Financial lifted their price objective on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, UBS Group raised their price target on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Aflac currently has an average rating of “Hold” and a consensus target price of $97.93.

Aflac Stock Up 0.7 %

AFL stock opened at $113.20 on Tuesday. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50. The stock has a market capitalization of $62.89 billion, a P/E ratio of 17.05, a PEG ratio of 2.17 and a beta of 0.96. The company has a 50 day moving average price of $110.80 and a two-hundred day moving average price of $100.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.08 and a current ratio of 0.08.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. The company 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 16.34%. The company’s quarterly revenue was down 40.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.84 EPS. As a group, sell-side analysts expect that Aflac Incorporated will post 7.22 EPS for the current year.

Aflac Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a yield of 1.77%. Aflac’s dividend payout ratio (DPR) is 30.12%.

Aflac 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.