TKG Advisors LLC Acquires 103 Shares of Aflac Incorporated (NYSE:AFL)

TKG Advisors LLC grew its position in Aflac Incorporated (NYSE:AFL) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,255 shares of the financial services provider’s stock after purchasing an additional 103 shares during the quarter. TKG Advisors LLC’s holdings in Aflac were worth $2,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of AFL. AMF Tjanstepension AB raised its holdings in Aflac by 13.3% during the 3rd 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 during the period. Commonwealth Equity Services LLC raised its position in shares of Aflac by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 306,123 shares of the financial services provider’s stock worth $34,225,000 after acquiring an additional 3,845 shares in the last quarter. Cyndeo Wealth Partners LLC grew its position in shares of Aflac by 4.8% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 4,132 shares of the financial services provider’s stock worth $462,000 after buying an additional 189 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Aflac by 70.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,033 shares of the financial services provider’s stock worth $5,146,000 after buying an additional 19,037 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in Aflac by 3.0% in the 3rd quarter. Whittier Trust Co. now owns 13,187 shares of the financial services provider’s stock worth $1,474,000 after purchasing an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AFL. Keefe, Bruyette & Woods reduced their target price on shares of Aflac from $107.00 to $104.00 and set a “market perform” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their target price on shares of Aflac from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Piper Sandler decreased their price objective on Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. BMO Capital Markets initiated coverage on Aflac in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $111.00 price target for the company. Finally, StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $103.00.

Insider Activity

In related news, EVP Audrey B. Tillman sold 24,744 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 222,618 shares in the company, valued at approximately $23,018,701.20. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is owned by corporate insiders.

Aflac Stock Performance

Aflac stock opened at $104.24 on Wednesday. The company has a market cap of $57.91 billion, a PE ratio of 10.86, a P/E/G ratio of 2.10 and a beta of 0.99. Aflac Incorporated has a 12 month low of $78.38 and a 12 month high of $115.50. The company has a fifty day moving average price of $104.15 and a two-hundred day moving average price of $107.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08.

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

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.23%. 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. Aflac’s dividend payout ratio is currently 20.83%.

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.