Jacksonville Wealth Management LLC Acquires New Shares in Aflac Incorporated (NYSE:AFL)

Jacksonville Wealth Management LLC bought a new position in shares of Aflac Incorporated (NYSE:AFL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,097 shares of the financial services provider’s stock, valued at approximately $838,000. Aflac comprises 0.8% of Jacksonville Wealth Management LLC’s holdings, making the stock its 27th biggest position.

Several other institutional investors also recently bought and sold shares of the stock. Beck Bode LLC lifted its stake in shares of Aflac by 1.3% in the second quarter. Beck Bode LLC now owns 143,350 shares of the financial services provider’s stock worth $12,803,000 after buying an additional 1,857 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Aflac by 7.7% in the second quarter. Thrivent Financial for Lutherans now owns 28,727 shares of the financial services provider’s stock valued at $2,566,000 after purchasing an additional 2,051 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Aflac by 29.3% in the second quarter. Squarepoint Ops LLC now owns 18,462 shares of the financial services provider’s stock worth $1,649,000 after purchasing an additional 4,186 shares during the period. AXA S.A. lifted its position in shares of Aflac by 12.0% during the 2nd quarter. AXA S.A. now owns 157,939 shares of the financial services provider’s stock worth $14,106,000 after purchasing an additional 16,924 shares during the last quarter. Finally, MBB Public Markets I LLC bought a new stake in Aflac during the 2nd quarter valued at approximately $3,418,000. 67.44% of the stock is currently owned by institutional investors.

Aflac Stock Performance

Aflac stock opened at $104.82 on Friday. The firm has a market capitalization of $58.23 billion, a P/E ratio of 15.79, a P/E/G ratio of 2.10 and a beta of 1.00. The stock has a fifty day moving average price of $105.88 and a two-hundred day moving average price of $105.81. Aflac Incorporated has a 52-week low of $75.07 and a 52-week high of $115.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08.

Aflac (NYSE:AFL) 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. As a group, analysts anticipate that Aflac Incorporated will post 7.26 EPS for the current fiscal year.

Aflac Increases Dividend

The firm also recently declared 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 is a positive change from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 dividend on an annualized basis and a yield of 2.21%. Aflac’s dividend payout ratio is 34.94%.

Wall Street Analyst Weigh In

AFL has been the topic of several recent analyst reports. Truist Financial lifted their price target on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Evercore ISI dropped their target price on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of Aflac from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. TD Cowen started coverage on shares of Aflac in a research report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Aflac from $103.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $102.67.

Insider Buying and Selling at Aflac

In other Aflac 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 sale, the executive vice president now owns 222,618 shares of the company’s stock, valued at $23,018,701.20. This represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

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.