Heartwood Wealth Advisors LLC Acquires New Position in Aflac Incorporated (NYSE:AFL)

Heartwood Wealth Advisors LLC bought a new position in Aflac Incorporated (NYSE:AFL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,006 shares of the financial services provider’s stock, valued at approximately $224,000.

A number of other institutional investors have also modified their holdings of AFL. Dimensional Fund Advisors LP boosted its holdings in shares of Aflac by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,807,079 shares of the financial services provider’s stock valued at $429,319,000 after purchasing an additional 285,576 shares during the period. APG Asset Management N.V. raised its position in Aflac by 1.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,429,316 shares of the financial services provider’s stock valued at $202,437,000 after purchasing an additional 31,752 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Aflac by 5.6% in the 2nd quarter. ProShare Advisors LLC now owns 2,220,125 shares of the financial services provider’s stock worth $198,279,000 after buying an additional 117,504 shares during the period. Truist Financial Corp grew its position in shares of Aflac by 26.6% during the 2nd quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock worth $172,338,000 after buying an additional 405,847 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Aflac by 6.7% during the 1st quarter. Nordea Investment Management AB now owns 1,806,475 shares of the financial services provider’s stock worth $155,140,000 after buying an additional 113,226 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AFL has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on Aflac from $81.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Bank of America boosted their price target on shares of Aflac from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. increased their price objective on shares of Aflac from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Truist Financial boosted their price objective on shares of Aflac from $82.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, Evercore ISI increased their target price on Aflac from $84.00 to $90.00 and gave the company an “underperform” rating in a research report on Thursday, September 26th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $95.43.

Aflac Stock Performance

Shares of AFL opened at $111.84 on Tuesday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29. The firm has a market cap of $63.55 billion, a PE ratio of 12.34, a P/E/G ratio of 2.60 and a beta of 0.95. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50. The stock has a fifty day moving average price of $106.42 and a 200-day moving average price of $94.01.

Aflac (NYSE:AFL) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.23. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. Equities research analysts predict that Aflac Incorporated will post 6.75 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Wednesday, August 21st. Aflac’s payout ratio is currently 22.08%.

Insider Buying and Selling

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total transaction of $197,880.00. Following the transaction, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

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.