TKG Advisors LLC Has $2.23 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

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

Several other institutional investors have also added to or reduced their stakes in the stock. Atlas Legacy Advisors LLC acquired a new stake in Aflac in the fourth quarter valued at $894,000. Mcdonald Partners LLC raised its stake in Aflac by 0.7% in the fourth quarter. Mcdonald Partners LLC now owns 23,403 shares of the financial services provider’s stock valued at $2,421,000 after purchasing an additional 162 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its position in Aflac by 10.6% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,506 shares of the financial services provider’s stock valued at $1,707,000 after purchasing an additional 1,583 shares in the last quarter. BKM Wealth Management LLC grew its position in Aflac by 1.7% in the fourth quarter. BKM Wealth Management LLC now owns 23,887 shares of the financial services provider’s stock valued at $2,471,000 after acquiring an additional 402 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of Aflac by 42.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 21,738 shares of the financial services provider’s stock worth $2,249,000 after buying an additional 6,491 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AFL. Keefe, Bruyette & Woods cut their price objective on Aflac from $107.00 to $104.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 12th. Piper Sandler dropped their price target on Aflac from $122.00 to $118.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Barclays lowered their price objective on Aflac from $98.00 to $95.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. BMO Capital Markets began coverage on Aflac in a research report on Thursday, January 23rd. They set a “market perform” rating and a $111.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price target on Aflac from $103.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Two equities 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $103.00.

Insiders Place Their Bets

In other news, EVP Audrey B. Tillman sold 24,744 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the sale, the executive vice president now directly owns 222,618 shares in the company, valued at $23,018,701.20. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by insiders.

Aflac Stock Up 0.9 %

NYSE:AFL opened at $104.24 on Wednesday. The company has a market cap of $57.91 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 2.10 and a beta of 0.99. The company has a current ratio of 0.10, a quick ratio of 0.08 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a twelve month low of $78.38 and a twelve month high of $115.50. The stock has a fifty day simple moving average of $104.15 and a 200-day simple moving average of $107.30.

Aflac (NYSE:AFL) last issued its quarterly earnings data 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 return on equity of 16.20% and a net margin of 28.76%. Analysts anticipate that Aflac Incorporated will post 6.95 EPS for the current year.

Aflac Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.23%. This is a boost from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, February 19th. Aflac’s dividend payout ratio (DPR) is presently 20.83%.

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.