Foundations Investment Advisors LLC Purchases 710 Shares of Aflac Incorporated (NYSE:AFL)

Foundations Investment Advisors LLC lifted its position in Aflac Incorporated (NYSE:AFL) by 14.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,783 shares of the financial services provider’s stock after purchasing an additional 710 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Aflac were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AFL. Secure Asset Management LLC increased its stake in Aflac by 1.0% in the 3rd quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock worth $1,094,000 after acquiring an additional 96 shares during the last quarter. Ascent Group LLC increased its position in shares of Aflac by 0.6% in the second quarter. Ascent Group LLC now owns 17,231 shares of the financial services provider’s stock worth $1,539,000 after purchasing an additional 99 shares during the last quarter. Ieq Capital LLC raised its stake in Aflac by 0.5% in the second quarter. Ieq Capital LLC now owns 21,775 shares of the financial services provider’s stock valued at $1,945,000 after purchasing an additional 101 shares in the last quarter. New Century Financial Group LLC lifted its position in Aflac by 2.5% during the third quarter. New Century Financial Group LLC now owns 4,198 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 101 shares during the last quarter. Finally, Forum Financial Management LP grew its stake in Aflac by 1.3% in the 2nd quarter. Forum Financial Management LP now owns 8,337 shares of the financial services provider’s stock worth $745,000 after buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AFL shares. UBS Group upped their target price on shares of Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their target price on Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Truist Financial lifted their price target 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. Piper Sandler increased their target price on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, TD Cowen initiated coverage on shares of Aflac in a research note on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Aflac has a consensus rating of “Hold” and a consensus target price of $97.53.

Insider Transactions at Aflac

In other news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following the completion of the transaction, the director now owns 18,158 shares of the company’s stock, valued at $1,796,552.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

Aflac Stock Performance

Shares of AFL stock opened at $112.02 on Friday. The company’s fifty day moving average price is $110.03 and its 200-day moving average price is $96.48. The stock has a market cap of $63.65 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.23. Aflac had a net margin of 28.35% and a return on equity of 16.22%. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the company earned $1.58 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that Aflac Incorporated will post 6.76 EPS for the current fiscal year.

Aflac Announces Dividend

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

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.