Aflac Incorporated (NYSE:AFL) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its holdings in shares of Aflac Incorporated (NYSE:AFL) by 13.1% in the fourth quarter, HoldingsChannel reports. The firm owned 34,907 shares of the financial services provider’s stock after buying an additional 4,048 shares during the period. Apollon Wealth Management LLC’s holdings in Aflac were worth $3,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AMF Tjanstepension AB increased its holdings in Aflac by 13.3% in the third quarter. AMF Tjanstepension AB now owns 252,137 shares of the financial services provider’s stock valued at $28,206,000 after buying an additional 29,602 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Aflac by 3.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 4,373 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 157 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Aflac by 5.3% during the third quarter. Wedmont Private Capital now owns 7,000 shares of the financial services provider’s stock worth $783,000 after purchasing an additional 350 shares in the last quarter. Beaumont Financial Advisors LLC increased its stake in shares of Aflac by 5.3% during the third quarter. Beaumont Financial Advisors LLC now owns 3,683 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 187 shares in the last quarter. Finally, LVW Advisors LLC purchased a new stake in shares of Aflac during the third quarter worth about $203,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AFL has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of Aflac from $103.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Barclays cut their target price on shares of Aflac from $98.00 to $95.00 and set an “underweight” rating for the company in a research note on Friday. Truist Financial upped their price objective on shares of Aflac from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Evercore ISI dropped their price objective on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating for the company in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Aflac from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Aflac has an average rating of “Hold” and a consensus target price of $103.21.

Aflac Trading Up 0.5 %

Shares of NYSE:AFL opened at $103.62 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $104.66 and its two-hundred day moving average is $106.78. The company has a market cap of $57.56 billion, a PE ratio of 10.79, a P/E/G ratio of 2.10 and a beta of 0.99. Aflac Incorporated has a 52 week low of $77.01 and a 52 week high of $115.50.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Aflac had a net margin of 28.76% and a return on equity of 16.20%. Equities analysts predict that Aflac Incorporated will post 6.95 earnings per share for the current fiscal year.

Aflac Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.24%. This is an increase from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, February 19th. Aflac’s dividend payout ratio (DPR) is 20.83%.

Insider Activity at Aflac

In related news, EVP Audrey B. Tillman sold 24,744 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the completion of the sale, the executive vice president now owns 222,618 shares in the company, valued at $23,018,701.20. This represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

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.