Apollon Wealth Management LLC Boosts Position in Aflac Incorporated (NYSE:AFL)

Apollon Wealth Management LLC lifted its position in Aflac Incorporated (NYSE:AFL) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,859 shares of the financial services provider’s stock after purchasing an additional 1,602 shares during the quarter. Apollon Wealth Management LLC’s holdings in Aflac were worth $3,450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AFL. Strategic Financial Concepts LLC lifted its stake in shares of Aflac by 7,001.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 658,303 shares during the last quarter. International Assets Investment Management LLC lifted 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 valued at $62,597,000 after buying an additional 554,803 shares during the last quarter. Truist Financial Corp boosted its stake in Aflac by 26.6% during the second quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock worth $172,338,000 after buying an additional 405,847 shares during the period. Swedbank AB acquired a new stake in shares of Aflac during the first quarter valued at about $27,588,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Aflac by 6.3% in 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 acquiring an additional 285,576 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on AFL. Truist Financial increased their price objective on shares of Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Piper Sandler boosted their price objective on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen started coverage on Aflac in a report on Wednesday, October 9th. They set a “hold” rating and a $102.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Finally, UBS Group raised their price objective on shares of Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $97.93.

Aflac Stock Performance

Shares of AFL stock opened at $110.68 on Wednesday. The company has a market cap of $61.49 billion, a P/E ratio of 16.67, a PEG ratio of 2.10 and a beta of 0.96. The firm has a fifty day moving average price of $110.33 and a 200 day moving average price of $98.95. The company has a current ratio of 0.08, a quick ratio of 0.10 and a debt-to-equity ratio of 0.32. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50.

Aflac (NYSE:AFL) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.47. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The business’s revenue for the quarter was down 40.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.84 EPS. Sell-side analysts predict that Aflac Incorporated will post 7.17 earnings per share for the current fiscal year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Wednesday, November 20th. Aflac’s payout ratio is 30.12%.

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.