TCI Wealth Advisors Inc. Makes New $223,000 Investment in Aflac Incorporated (NYSE:AFL)

TCI Wealth Advisors Inc. bought a new position in Aflac Incorporated (NYSE:AFL) during the 3rd quarter, Holdings Channel.com reports. The fund bought 1,995 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also bought and sold shares of AFL. Strategic Financial Concepts LLC boosted its position in Aflac by 7,001.0% in the second quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 658,303 shares during the last quarter. International Assets Investment Management LLC boosted its position 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 last quarter. Truist Financial Corp lifted its position in shares of Aflac by 26.6% during the 2nd quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock valued at $172,338,000 after buying an additional 405,847 shares in the last quarter. Swedbank AB purchased a new position in shares of Aflac during the 1st quarter valued at about $27,588,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Aflac by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock valued at $429,319,000 after buying an additional 285,576 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Aflac from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. TD Cowen assumed coverage on Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective on the stock. Citigroup lifted their price objective on Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Barclays assumed coverage on Aflac in a research report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price objective on the stock. Finally, Truist Financial lifted their price objective on Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Three investment 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, the company currently has an average rating of “Hold” and an average target price of $97.53.

Aflac Stock Performance

NYSE:AFL opened at $109.80 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. Aflac Incorporated has a 1 year low of $75.07 and a 1 year high of $115.50. The stock’s 50 day simple moving average is $110.41 and its two-hundred day simple moving average is $97.16. The company has a market cap of $62.39 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 2.62 and a beta of 0.95.

Aflac (NYSE:AFL) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.23. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the company posted $1.58 EPS. The company’s revenue was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.

Aflac Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Wednesday, August 21st. Aflac’s payout ratio is 22.08%.

Insiders Place Their Bets

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following the sale, the director now owns 18,158 shares of the company’s stock, valued at $1,796,552.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.90% of the company’s stock.

About Aflac

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.