Koshinski Asset Management Inc. Increases Position in Aflac Incorporated (NYSE:AFL)

Koshinski Asset Management Inc. lifted its position in shares of Aflac Incorporated (NYSE:AFL) by 7.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,488 shares of the financial services provider’s stock after buying an additional 905 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Aflac were worth $1,396,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AFL. Exchange Traded Concepts LLC bought a new position in shares of Aflac in the third quarter worth about $998,000. Brown Miller Wealth Management LLC bought a new position in Aflac in the 3rd quarter worth approximately $230,000. Burns Matteson Capital Management LLC grew its holdings in Aflac by 117.9% during the 3rd quarter. Burns Matteson Capital Management LLC now owns 6,704 shares of the financial services provider’s stock valued at $750,000 after buying an additional 3,627 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Aflac by 0.7% during the third quarter. Ritholtz Wealth Management now owns 26,507 shares of the financial services provider’s stock valued at $2,964,000 after buying an additional 190 shares during the last quarter. Finally, Guinness Asset Management LTD boosted its position in shares of Aflac by 3.8% during the third quarter. Guinness Asset Management LTD now owns 2,276,325 shares of the financial services provider’s stock worth $254,382,000 after acquiring an additional 83,289 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Aflac Stock Up 1.5 %

Shares of NYSE AFL opened at $113.26 on Monday. Aflac Incorporated has a 1 year low of $75.07 and a 1 year high of $115.50. The firm has a 50-day simple moving average of $107.90 and a two-hundred day simple moving average of $94.96. The company has a market cap of $64.36 billion, a P/E ratio of 12.50, a PEG ratio of 2.62 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 (NYSE:AFL) last issued 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 firm had revenue of $5.14 billion during 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%. Aflac’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $1.58 EPS. Research analysts anticipate that Aflac Incorporated will post 6.76 earnings per share for the current year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 2nd. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Wednesday, August 21st. Aflac’s payout ratio is presently 22.08%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. 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 report on Thursday, October 3rd. Piper Sandler lifted their price objective on Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Bank of America increased their target price on Aflac from $115.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI boosted their price target on shares of Aflac from $84.00 to $90.00 and gave the stock an “underperform” rating in a research report on Thursday, September 26th. Finally, Citigroup increased their price objective on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $97.53.

Insider Buying and Selling

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the transaction, the director now directly owns 18,158 shares in the company, valued at $1,796,552.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Aflac Profile

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.