Tyche Wealth Partners LLC Has $1.09 Million Holdings in Aflac Incorporated (NYSE:AFL)

Tyche Wealth Partners LLC trimmed its position in Aflac Incorporated (NYSE:AFL) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,567 shares of the financial services provider’s stock after selling 513 shares during the period. Tyche Wealth Partners LLC’s holdings in Aflac were worth $1,093,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AFL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Aflac by 6.4% in 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 valued at $524,846,000 after purchasing an additional 281,148 shares during the period. Guinness Asset Management LTD lifted its position in Aflac by 5.2% in the 4th quarter. Guinness Asset Management LTD now owns 2,395,045 shares of the financial services provider’s stock worth $247,682,000 after buying an additional 118,720 shares in the last quarter. National Pension Service boosted its stake in shares of Aflac by 8.9% during the 3rd quarter. National Pension Service now owns 1,662,514 shares of the financial services provider’s stock valued at $185,869,000 after buying an additional 136,238 shares during the period. Assetmark Inc. grew its holdings in shares of Aflac by 0.7% during the 3rd quarter. Assetmark Inc. now owns 1,584,552 shares of the financial services provider’s stock valued at $177,153,000 after acquiring an additional 10,487 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Aflac by 10.1% in the third quarter. Barclays PLC now owns 1,391,127 shares of the financial services provider’s stock worth $155,529,000 after acquiring an additional 127,911 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AFL. TD Cowen initiated coverage on Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 target price on the stock. Bank of America raised their price objective on shares of Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. 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 target price for the company. StockNews.com raised shares of Aflac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Truist Financial upped their price objective on shares of Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $103.71.

Insiders Place Their Bets

In related news, EVP Audrey B. Tillman sold 24,744 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $103.40, for a total value of $2,558,529.60. Following the completion of the transaction, the executive vice president now directly owns 222,618 shares in the company, valued at approximately $23,018,701.20. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Aflac Stock Up 0.5 %

AFL opened at $107.33 on Thursday. Aflac Incorporated has a 1-year low of $75.69 and a 1-year high of $115.50. 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 has a market capitalization of $59.62 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 2.16 and a beta of 0.99. The business has a 50 day moving average of $105.23 and a 200-day moving average of $106.74.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a return on equity of 16.34% and a net margin of 22.02%. As a group, sell-side analysts anticipate that Aflac Incorporated will post 7.26 earnings per share for the current year.

Aflac Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be issued a $0.58 dividend. This is a boost from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, February 19th. This represents a $2.32 annualized dividend and a yield of 2.16%. Aflac’s dividend payout ratio is 30.12%.

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.