Integrated Wealth Concepts LLC Acquires 13,885 Shares of Aflac Incorporated (NYSE:AFL)

Integrated Wealth Concepts LLC boosted its position in Aflac Incorporated (NYSE:AFL - Free Report) by 54.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,233 shares of the financial services provider's stock after acquiring an additional 13,885 shares during the period. Integrated Wealth Concepts LLC's holdings in Aflac were worth $4,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in shares of Aflac during the 2nd quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Aflac during the third quarter worth $34,000. Covestor Ltd increased its holdings in Aflac by 41.8% in the third quarter. Covestor Ltd now owns 363 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 107 shares during the last quarter. Kennebec Savings Bank acquired a new position in Aflac in the third quarter valued at about $45,000. Finally, Catalyst Capital Advisors LLC bought a new position in Aflac during the third quarter worth about $51,000. 67.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AFL shares. Morgan Stanley upped their price target on Aflac from $91.00 to $98.00 and gave the company an "equal weight" rating in a research note on Monday, August 19th. Bank of America upped their target price on shares of Aflac from $115.00 to $124.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Evercore ISI reduced their price target on shares of Aflac from $104.00 to $102.00 and set an "underperform" rating on the stock in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Aflac to $107.00 and gave the company a "hold" rating in a research report on Tuesday. Finally, Piper Sandler lifted their target price on Aflac from $114.00 to $122.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $98.73.

Aflac Stock Up 0.7 %

Shares of NYSE:AFL traded up $0.75 during mid-day trading on Thursday, reaching $107.74. 1,897,707 shares of the stock were exchanged, compared to its average volume of 2,213,192. The stock's 50 day simple moving average is $111.11 and its 200-day simple moving average is $102.01. Aflac Incorporated has a one year low of $75.07 and a one year high of $115.50. The company has a market cap of $59.85 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.04 and a beta of 0.97. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.32.

Aflac (NYSE:AFL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.47. The company 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 business's quarterly revenue was down 40.4% on a year-over-year basis. During the same period last year, the business earned $1.84 EPS. As a group, equities research analysts predict that Aflac Incorporated will post 7.27 EPS for the current year.

Aflac Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 is a boost from Aflac's previous quarterly dividend of $0.50. This represents a $2.32 annualized dividend and a yield of 2.15%. Aflac's payout ratio is 30.12%.

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.