SYSTM Wealth Solutions LLC Boosts Stake in Aflac Incorporated (NYSE:AFL)

SYSTM Wealth Solutions LLC lifted its position in shares of Aflac Incorporated (NYSE:AFL) by 23.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,365 shares of the financial services provider’s stock after acquiring an additional 10,156 shares during the quarter. Aflac accounts for approximately 1.1% of SYSTM Wealth Solutions LLC’s investment portfolio, making the stock its 27th biggest holding. SYSTM Wealth Solutions LLC’s holdings in Aflac were worth $4,766,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Aflac during the 2nd quarter worth about $1,724,000. Luts & Greenleigh Group Inc. purchased a new position in Aflac in the 2nd quarter valued at about $211,000. Renaissance Technologies LLC purchased a new position in Aflac in the 2nd quarter valued at about $10,878,000. Citizens Financial Group Inc. RI lifted its stake in Aflac by 55.8% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 5,510 shares of the financial services provider’s stock valued at $492,000 after buying an additional 1,974 shares in the last quarter. Finally, Sierra Summit Advisors LLC purchased a new position in Aflac in the 2nd quarter valued at about $447,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Aflac

In related news, Director Thomas J. Kenny sold 2,000 shares of Aflac stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the completion of the sale, the director now owns 18,158 shares in the company, valued at approximately $1,796,552.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.

Aflac Stock Down 0.6 %

Shares of NYSE AFL opened at $109.56 on Wednesday. The company has a 50 day simple moving average of $101.89 and a 200-day simple moving average of $91.45. The company has a market capitalization of $62.25 billion, a P/E ratio of 12.09, a P/E/G ratio of 2.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. Aflac Incorporated has a 1 year low of $74.89 and a 1 year high of $111.14.

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

Aflac Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 2nd. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 1.83%. Aflac’s dividend payout ratio (DPR) is presently 22.08%.

Wall Street Analysts Forecast Growth

AFL has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Aflac from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Morgan Stanley raised their price target on shares of Aflac from $91.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Truist Financial raised their price target on shares of Aflac from $82.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Jefferies Financial Group decreased their price target on shares of Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Finally, Citigroup raised their target price on shares of Aflac from $84.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $92.50.

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.