Avidian Wealth Enterprises LLC Boosts Stock Position in Aflac Incorporated (NYSE:AFL)

Avidian Wealth Enterprises LLC lifted its holdings in shares of Aflac Incorporated (NYSE:AFL) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,649 shares of the financial services provider’s stock after purchasing an additional 264 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Aflac were worth $743,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in AFL. Y.D. More Investments Ltd purchased a new position in Aflac in the second quarter valued at about $25,000. Cedar Wealth Management LLC purchased a new position in Aflac in the first quarter valued at approximately $50,000. Catalyst Capital Advisors LLC bought a new position in Aflac during the third quarter valued at $51,000. Fairscale Capital LLC purchased a new stake in Aflac in the second quarter worth $54,000. Finally, Valued Wealth Advisors LLC raised its stake in shares of Aflac by 116.7% in the third quarter. Valued Wealth Advisors LLC now owns 479 shares of the financial services provider’s stock valued at $54,000 after buying an additional 258 shares during the period. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Truist Financial increased their price target on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. TD Cowen assumed coverage on shares of Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 target price for the company. Morgan Stanley boosted their price target on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Evercore ISI upped their price target on shares of Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a research note on Thursday, September 26th. Finally, Bank of America lifted their price objective 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. Three research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.93.

Aflac Stock Up 2.8 %

AFL stock opened at $108.56 on Thursday. Aflac Incorporated has a 1-year low of $75.07 and a 1-year high of $115.50. The stock has a market cap of $60.80 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 2.07 and a beta of 0.96. The company has a current ratio of 0.08, a quick ratio of 0.10 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $110.42 and its 200 day moving average is $98.32.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.47. The firm had revenue of $2.95 billion for 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 quarter last year, the company posted $1.84 EPS. Sell-side analysts predict that Aflac Incorporated will post 7.05 EPS for the current fiscal year.

Aflac Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.84%. The ex-dividend date is Wednesday, November 20th. Aflac’s dividend payout ratio is currently 30.12%.

About Aflac

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.