BXM Wealth LLC Invests $359,000 in Aflac Incorporated (NYSE:AFL)

BXM Wealth LLC acquired a new position in shares of Aflac Incorporated (NYSE:AFL) in the 4th quarter, Holdings Channel.com reports. The fund acquired 3,472 shares of the financial services provider’s stock, valued at approximately $359,000.

Several other institutional investors have also recently modified their holdings of the stock. Spinnaker Trust boosted its holdings in shares of Aflac by 2.7% in the third quarter. Spinnaker Trust now owns 3,620 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 95 shares in the last quarter. Secure Asset Management LLC boosted its holdings in shares of Aflac by 1.0% in the third quarter. Secure Asset Management LLC now owns 9,783 shares of the financial services provider’s stock valued at $1,094,000 after acquiring an additional 96 shares in the last quarter. Phillips Wealth Planners LLC boosted its holdings in shares of Aflac by 1.5% in the fourth quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock valued at $662,000 after acquiring an additional 100 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of Aflac by 23.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 100 shares in the last quarter. Finally, New Century Financial Group LLC boosted its holdings in shares of Aflac by 2.5% in 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 acquiring an additional 101 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Aflac Stock Down 0.6 %

Aflac stock opened at $103.46 on Friday. The firm has a market cap of $57.48 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 2.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.08. Aflac Incorporated has a fifty-two week low of $78.38 and a fifty-two week high of $115.50. The firm has a fifty day moving average price of $104.26 and a two-hundred day moving average price of $107.02.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, February 5th. The financial services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. As a group, analysts forecast that Aflac Incorporated will post 6.95 earnings per share for the current year.

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.58 per share. This is an increase from Aflac’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, February 19th. This represents a $2.32 annualized dividend and a dividend yield of 2.24%. Aflac’s payout ratio is presently 24.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AFL shares. Piper Sandler decreased their price objective on shares of Aflac from $122.00 to $118.00 and set an “overweight” rating for the company in a report on Friday, February 7th. BMO Capital Markets initiated coverage on shares of Aflac in a report on Thursday, January 23rd. They set a “market perform” rating and a $111.00 target price for the company. Barclays reduced their target price on shares of Aflac from $98.00 to $95.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Wells Fargo & Company raised their target price on shares of Aflac from $103.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, Evercore ISI reduced their target price on shares of Aflac from $104.00 to $102.00 and set an “underperform” rating for the company in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $103.00.

Insider Transactions at Aflac

In related news, EVP Audrey B. Tillman sold 24,744 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $103.40, for a total value 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. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

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.