TSA Wealth Managment LLC Buys Shares of 2,027 Aflac Incorporated (NYSE:AFL)

TSA Wealth Managment LLC purchased a new position in shares of Aflac Incorporated (NYSE:AFL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,027 shares of the financial services provider’s stock, valued at approximately $227,000.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in 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 buying an additional 285,576 shares during the period. APG Asset Management N.V. increased its position in Aflac by 1.3% during the second quarter. APG Asset Management N.V. now owns 2,429,316 shares of the financial services provider’s stock worth $202,437,000 after purchasing an additional 31,752 shares during the last quarter. Guinness Asset Management LTD increased its position in Aflac by 3.8% during the third quarter. Guinness Asset Management LTD now owns 2,276,325 shares of the financial services provider’s stock worth $254,382,000 after purchasing an additional 83,289 shares during the last quarter. ProShare Advisors LLC increased its position in Aflac by 5.6% during the second quarter. ProShare Advisors LLC now owns 2,220,125 shares of the financial services provider’s stock worth $198,279,000 after purchasing an additional 117,504 shares during the last quarter. Finally, Truist Financial Corp grew its stake 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 during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analysts Set New Price Targets

AFL has been the topic of several research reports. Evercore ISI increased their target price on Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, September 26th. Wells Fargo & Company increased their target price on shares of Aflac from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Citigroup lifted their price target on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Morgan Stanley lifted their target price on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Finally, Piper Sandler increased their price target on Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $97.93.

Aflac Stock Up 1.5 %

Shares of NYSE:AFL opened at $111.32 on Friday. Aflac Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.32. The firm has a market cap of $61.84 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. The company has a fifty day simple moving average of $110.41 and a 200 day simple moving average of $99.48.

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. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm earned $1.84 earnings per share. The company’s revenue for the quarter was down 40.4% compared to the same quarter last year. On average, equities research analysts anticipate that Aflac Incorporated will post 7.22 EPS for the current fiscal year.

Aflac Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Wednesday, November 20th. Aflac’s dividend payout ratio is currently 30.12%.

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.