2,027 Shares in Aflac Incorporated (NYSE:AFL) Purchased by TSA Wealth Managment LLC

TSA Wealth Managment LLC bought a new stake in Aflac Incorporated (NYSE:AFL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,027 shares of the financial services provider’s stock, valued at approximately $227,000.

Several other institutional investors also recently made changes to their positions in AFL. Strategic Financial Concepts LLC raised its holdings in shares of Aflac by 7,001.0% during the second quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider’s stock valued at $596,000 after buying an additional 658,303 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in 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 worth $62,597,000 after purchasing an additional 554,803 shares during the period. Truist Financial Corp boosted its holdings in shares of Aflac by 26.6% in the second quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock valued at $172,338,000 after acquiring an additional 405,847 shares in the last quarter. Swedbank AB acquired a new position in shares of Aflac during the 1st quarter valued at $27,588,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Aflac by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock worth $429,319,000 after buying an additional 285,576 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AFL has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Piper Sandler lifted their price target on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. TD Cowen initiated coverage on Aflac in a research note on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective for the company. Barclays began coverage on Aflac in a research report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 target price on the stock. Finally, Truist Financial increased their price target on Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $97.93.

Aflac Stock Up 1.5 %

Shares of Aflac stock opened at $111.32 on Friday. The firm has a market cap of $61.84 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 2.13 and a beta of 0.96. The stock has a 50-day simple moving average of $110.41 and a 200-day simple moving average of $99.48. Aflac Incorporated has a 52-week low of $75.07 and a 52-week high of $115.50. 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 (NYSE:AFL) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the company earned $1.84 earnings per share. The company’s revenue was down 40.4% compared to the same quarter last year. On average, equities research analysts expect that Aflac Incorporated will post 7.22 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, November 20th. Aflac’s payout ratio 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.