B.O.S.S. Retirement Advisors LLC Has $5.34 Million Stake in Aflac Incorporated (NYSE:AFL)

B.O.S.S. Retirement Advisors LLC raised its position in shares of Aflac Incorporated (NYSE:AFL) by 12.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,801 shares of the financial services provider’s stock after acquiring an additional 5,459 shares during the period. Aflac makes up 1.1% of B.O.S.S. Retirement Advisors LLC’s portfolio, making the stock its 26th biggest holding. B.O.S.S. Retirement Advisors LLC’s holdings in Aflac were worth $5,344,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AFL. Y.D. More Investments Ltd bought a new stake in Aflac during the second quarter valued at about $25,000. Atwood & Palmer Inc. boosted its holdings in Aflac by 80.0% during the first quarter. Atwood & Palmer Inc. now owns 315 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 140 shares during the period. OFI Invest Asset Management bought a new stake in Aflac during the first quarter valued at about $29,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Aflac in the first quarter valued at about $34,000. Finally, Cedar Wealth Management LLC bought a new stake in shares of Aflac in the first quarter valued at about $50,000. 67.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AFL has been the subject of several research reports. Truist Financial increased their target price on shares of Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. UBS Group increased their target price 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. Citigroup increased their target price on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Piper Sandler raised their price target on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Evercore ISI raised their price target on shares of Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a research note on Thursday, September 26th. Three 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $97.53.

Insider Buying and Selling at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total transaction of $197,880.00. Following the transaction, the director now directly owns 18,158 shares of the company’s stock, valued at $1,796,552.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Aflac Stock Performance

Shares of Aflac stock opened at $114.38 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $64.99 billion, a P/E ratio of 12.62, a P/E/G ratio of 2.62 and a beta of 0.95. The firm has a 50 day simple moving average of $108.85 and a 200 day simple moving average of $95.49. Aflac Incorporated has a fifty-two week low of $75.07 and a fifty-two week high of $115.50.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.23. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the business posted $1.58 earnings per share. Aflac’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts predict that Aflac Incorporated will post 6.76 earnings per share for the current fiscal year.

Aflac Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 1.75%. Aflac’s payout ratio is presently 22.08%.

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.