Kingsview Wealth Management LLC Grows Stock Position in Aflac Incorporated (NYSE:AFL)

Kingsview Wealth Management LLC grew its holdings in Aflac Incorporated (NYSE:AFL - Free Report) by 146.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,018 shares of the financial services provider's stock after buying an additional 19,608 shares during the period. Kingsview Wealth Management LLC's holdings in Aflac were worth $3,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AFL. Darwin Wealth Management LLC acquired a new stake in Aflac during the third quarter worth about $34,000. Raelipskie Partnership purchased a new position in Aflac during the third quarter worth about $38,000. Covestor Ltd boosted its stake in Aflac by 41.8% during the third quarter. Covestor Ltd now owns 363 shares of the financial services provider's stock worth $41,000 after buying an additional 107 shares during the period. Kennebec Savings Bank purchased a new position in Aflac during the third quarter worth about $45,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Aflac during the third quarter worth about $51,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Aflac from $103.00 to $104.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their price objective on shares of Aflac from $107.00 to $104.00 and set a "market perform" rating for the company in a research note on Wednesday. Truist Financial raised their price objective on shares of Aflac from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Evercore ISI lowered their price objective on shares of Aflac from $104.00 to $102.00 and set an "underperform" rating for the company in a research note on Wednesday, December 4th. Finally, Barclays lowered their price objective on shares of Aflac from $98.00 to $95.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Aflac presently has an average rating of "Hold" and a consensus target price of $103.00.

Insider Activity at Aflac

In other Aflac news, EVP Audrey B. Tillman sold 24,744 shares of the business's stock in a transaction on 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 sale, the executive vice president now directly owns 222,618 shares in the company, valued at approximately $23,018,701.20. The trade was a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is currently owned by insiders.

Aflac Stock Up 1.1 %

AFL stock traded up $1.18 during midday trading on Thursday, reaching $104.12. 1,647,557 shares of the company were exchanged, compared to its average volume of 1,821,115. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10. Aflac Incorporated has a 1-year low of $78.20 and a 1-year high of $115.50. The stock's 50-day simple moving average is $104.33 and its 200 day simple moving average is $107.05. The company has a market cap of $57.84 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 2.10 and a beta of 0.99.

Aflac (NYSE:AFL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($0.07). Aflac had a net margin of 28.76% and a return on equity of 16.20%. On average, equities analysts forecast that Aflac Incorporated will post 6.95 earnings per share for the current year.

Aflac Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 19th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.23%. This is a positive change from Aflac's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, February 19th. Aflac's dividend payout ratio (DPR) is 20.83%.

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.