Integrated Wealth Concepts LLC Increases Stock Holdings in Aflac Incorporated (NYSE:AFL)

Integrated Wealth Concepts LLC boosted its position in shares of Aflac Incorporated (NYSE:AFL) by 54.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,233 shares of the financial services provider’s stock after acquiring an additional 13,885 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Aflac were worth $4,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Investment Management Corp of Ontario boosted its stake in shares of Aflac by 47.7% in the 3rd quarter. Investment Management Corp of Ontario now owns 17,961 shares of the financial services provider’s stock valued at $2,008,000 after buying an additional 5,800 shares during the period. HighTower Advisors LLC boosted its stake in shares of Aflac by 4.5% in the 3rd quarter. HighTower Advisors LLC now owns 468,053 shares of the financial services provider’s stock valued at $52,327,000 after buying an additional 20,032 shares during the period. Hilltop Holdings Inc. boosted its stake in shares of Aflac by 27.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 7,567 shares of the financial services provider’s stock valued at $846,000 after buying an additional 1,647 shares during the period. Centiva Capital LP boosted its stake in shares of Aflac by 93.2% in the 3rd quarter. Centiva Capital LP now owns 15,599 shares of the financial services provider’s stock valued at $1,744,000 after buying an additional 7,524 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in shares of Aflac in the 3rd quarter valued at about $9,235,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AFL has been the subject of several recent analyst reports. Piper Sandler boosted their target price on Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their target price on Aflac to $107.00 and gave the stock a “hold” rating in a research note on Tuesday. Morgan Stanley boosted their target price on Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Bank of America boosted their target price on Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, TD Cowen initiated coverage on Aflac in a research note on Wednesday, October 9th. They set a “hold” rating and a $102.00 target price for the company. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Aflac currently has an average rating of “Hold” and an average target price of $98.73.

Aflac Trading Up 0.2 %

NYSE:AFL opened at $106.99 on Thursday. The firm has a market cap of $59.44 billion, a P/E ratio of 16.11, a PEG ratio of 2.13 and a beta of 0.97. 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 stock’s 50 day simple moving average is $111.16 and its 200-day simple moving average is $101.97. Aflac Incorporated has a 12-month low of $75.07 and a 12-month high of $115.50.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (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 analyst estimates of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The company’s revenue for the quarter was down 40.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share. Equities analysts anticipate that Aflac Incorporated will post 7.27 EPS for the current year.

Aflac Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from Aflac’s previous quarterly dividend of $0.50. Aflac’s payout ratio is presently 34.94%.

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.