Strategic Financial Concepts LLC Has $164,000 Holdings in Aflac Incorporated (NYSE:AFL)

Strategic Financial Concepts LLC grew its holdings in Aflac Incorporated (NYSE:AFL - Free Report) by 2,210.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 158,535 shares of the financial services provider's stock after buying an additional 151,673 shares during the quarter. Strategic Financial Concepts LLC's holdings in Aflac were worth $164,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AFL. AMF Tjanstepension AB increased its position in shares of Aflac by 13.3% during the 3rd quarter. AMF Tjanstepension AB now owns 252,137 shares of the financial services provider's stock worth $28,206,000 after purchasing an additional 29,602 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Aflac during the 3rd quarter worth about $998,000. QV Investors Inc. increased its position in shares of Aflac by 0.6% during the 3rd quarter. QV Investors Inc. now owns 45,350 shares of the financial services provider's stock worth $5,070,000 after purchasing an additional 260 shares in the last quarter. Bill Few Associates Inc. acquired a new stake in shares of Aflac during the 3rd quarter worth about $218,000. Finally, Vontobel Holding Ltd. increased its position in shares of Aflac by 3.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 50,379 shares of the financial services provider's stock worth $5,632,000 after purchasing an additional 1,509 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company's stock.

Wall Street Analyst Weigh In

AFL has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of Aflac in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $111.00 price objective for the company. 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 report on Wednesday, December 4th. StockNews.com upgraded shares of Aflac from a "sell" rating to a "hold" rating in a research report on Friday. 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 report on Friday, February 7th. Finally, Piper Sandler lowered their price objective on shares of Aflac from $122.00 to $118.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $103.00.

Insider Buying and Selling

In related 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by corporate insiders.

Aflac Trading Down 0.6 %

Aflac stock traded down $0.62 during midday trading on Friday, hitting $103.46. 1,450,313 shares of the stock were exchanged, compared to its average volume of 1,719,400. The company has a quick ratio of 0.08, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $57.48 billion, a PE ratio of 10.78, a P/E/G ratio of 2.10 and a beta of 0.99. The company has a fifty day simple moving average of $104.18 and a two-hundred day simple moving average of $107.17. Aflac Incorporated has a 52 week low of $78.38 and a 52 week high of $115.50.

Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (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%. Equities research analysts anticipate that Aflac Incorporated will post 6.95 EPS for the current fiscal year.

Aflac Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, February 19th. This is an increase from Aflac's previous quarterly dividend of $0.50. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.24%. 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.