Flywheel Private Wealth LLC Acquires Shares of 2,708 Aflac Incorporated (NYSE:AFL)

Flywheel Private Wealth LLC acquired a new position in shares of Aflac Incorporated (NYSE:AFL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,708 shares of the financial services provider's stock, valued at approximately $280,000.

Several other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Aflac by 6.4% during 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 worth $524,846,000 after buying an additional 281,148 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Aflac by 1.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,429,316 shares of the financial services provider's stock worth $202,437,000 after buying an additional 31,752 shares during the period. Guinness Asset Management LTD boosted its holdings in shares of Aflac by 3.8% during the 3rd quarter. Guinness Asset Management LTD now owns 2,276,325 shares of the financial services provider's stock worth $254,382,000 after buying an additional 83,289 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Aflac by 5.6% during the 2nd quarter. ProShare Advisors LLC now owns 2,220,125 shares of the financial services provider's stock worth $198,279,000 after buying an additional 117,504 shares during the period. Finally, Truist Financial Corp boosted its holdings 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 worth $172,338,000 after buying an additional 405,847 shares during the period. 67.44% of the stock is owned by institutional investors.

Aflac Price Performance

Shares of NYSE:AFL traded up $1.11 during midday trading on Thursday, reaching $105.90. 1,442,270 shares of the company's stock were exchanged, compared to its average volume of 1,661,267. The company's 50 day simple moving average is $106.48 and its two-hundred day simple moving average is $105.12. The firm has a market capitalization of $58.83 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.08 and a current ratio of 0.08.

Aflac (NYSE:AFL - Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (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 net margin of 22.02% and a return on equity of 16.34%. The firm's revenue for the quarter was down 40.4% on a year-over-year basis. During the same quarter last year, the company posted $1.84 EPS. Equities research analysts expect that Aflac Incorporated will post 7.26 earnings per share for the current fiscal year.

Aflac Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Aflac's previous quarterly dividend of $0.50. Aflac's dividend payout ratio (DPR) is 30.12%.

Wall Street Analyst Weigh In

AFL has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Aflac from $103.00 to $104.00 and gave the stock an "equal weight" rating in a report on Tuesday. TD Cowen started coverage on shares of Aflac in a report on Wednesday, October 9th. They issued a "hold" rating and a $102.00 price target for the company. Evercore ISI reduced their price target on shares of Aflac from $104.00 to $102.00 and set an "underperform" rating for the company in a report on Wednesday, December 4th. Piper Sandler increased their price target on shares of Aflac from $114.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Finally, StockNews.com raised shares of Aflac from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $102.07.

Insider Buying and Selling

In related news, EVP Audrey B. Tillman sold 24,744 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the completion of the sale, the executive vice president now owns 222,618 shares in the company, valued at $23,018,701.20. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

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.