Jacksonville Wealth Management LLC Makes New Investment in Aflac Incorporated (NYSE:AFL)

Jacksonville Wealth Management LLC bought a new stake in Aflac Incorporated (NYSE:AFL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,097 shares of the financial services provider’s stock, valued at approximately $838,000. Aflac accounts for about 0.8% of Jacksonville Wealth Management LLC’s holdings, making the stock its 27th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Aflac by 6.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,694,511 shares of the financial services provider’s stock valued at $524,846,000 after purchasing an additional 281,148 shares during the period. Guinness Asset Management LTD lifted its stake in Aflac by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 2,395,045 shares of the financial services provider’s stock valued at $247,682,000 after buying an additional 118,720 shares in the last quarter. 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 buying an additional 405,847 shares during the period. National Pension Service increased its position in shares of Aflac by 8.9% during the third quarter. National Pension Service now owns 1,662,514 shares of the financial services provider’s stock worth $185,869,000 after acquiring an additional 136,238 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Aflac by 0.7% during the third quarter. Assetmark Inc. now owns 1,584,552 shares of the financial services provider’s stock worth $177,153,000 after acquiring an additional 10,487 shares during the period. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen began coverage on shares of Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price for the company. Truist Financial upped their price objective on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Bank of America lifted their target price on Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods reduced their price target on Aflac from $108.00 to $107.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. Finally, BMO Capital Markets assumed coverage on shares of Aflac in a report on Thursday. They issued a “market perform” rating and a $111.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $102.67.

Aflac Stock Performance

Shares of AFL stock opened at $104.82 on Friday. The stock has a market cap of $58.23 billion, a P/E ratio of 15.79, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a fifty day moving average price of $105.88 and a two-hundred day moving average price of $105.81. Aflac Incorporated has a one year low of $75.07 and a one year 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 quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. Aflac’s quarterly revenue was down 40.4% on a year-over-year basis. During the same quarter last year, the company posted $1.84 earnings per share. As a group, equities analysts predict that Aflac Incorporated will post 7.26 EPS for the current year.

Aflac Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be issued a dividend of $0.58 per share. 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.21%. Aflac’s payout ratio is presently 34.94%.

Insider Buying and Selling at Aflac

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the company’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 $23,018,701.20. The trade was 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 hyperlink. Insiders own 0.90% of the company’s stock.

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.