Aflac Incorporated (AFL) Stake Raised by Teacher Retirement System of Texas
Teacher Retirement System of Texas lifted its position in shares of Aflac Incorporated (NYSE:AFL) by 38.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 830,974 shares of the financial services provider’s stock after purchasing an additional 230,647 shares during the period. Teacher Retirement System of Texas owned about 0.21% of Aflac worth $67,633,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Aflac by 2.4% during the 1st quarter. State Street Corp now owns 21,858,806 shares of the financial services provider’s stock worth $1,583,023,000 after purchasing an additional 505,060 shares during the last quarter. FMR LLC lifted its position in Aflac by 11.6% in the second quarter. FMR LLC now owns 7,106,003 shares of the financial services provider’s stock valued at $551,994,000 after acquiring an additional 736,703 shares during the last quarter. AQR Capital Management LLC lifted its position in Aflac by 4.1% in the first quarter. AQR Capital Management LLC now owns 4,390,534 shares of the financial services provider’s stock valued at $317,962,000 after acquiring an additional 173,236 shares during the last quarter. Victory Capital Management Inc. lifted its position in Aflac by 6.6% in the third quarter. Victory Capital Management Inc. now owns 3,562,481 shares of the financial services provider’s stock valued at $289,950,000 after acquiring an additional 220,013 shares during the last quarter. Finally, AJO LP lifted its position in Aflac by 157.8% in the second quarter. AJO LP now owns 3,483,353 shares of the financial services provider’s stock valued at $270,587,000 after acquiring an additional 2,132,414 shares during the last quarter. 66.69% of the stock is owned by institutional investors and hedge funds.
In other news, Director Douglas Wayne Johnson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $83.58, for a total value of $125,370.00. Following the sale, the director now directly owns 13,733 shares in the company, valued at $1,147,804.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Todd Daniels sold 620 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $81.49, for a total transaction of $50,523.80. Following the completion of the sale, the insider now owns 15,454 shares in the company, valued at $1,259,346.46. The disclosure for this sale can be found here. Insiders have sold 28,709 shares of company stock worth $2,404,680 over the last 90 days. 3.00% of the stock is currently owned by company insiders.
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Shares of Aflac Incorporated (AFL) traded up $0.97 on Monday, reaching $84.41. 1,075,229 shares of the company’s stock traded hands, compared to its average volume of 1,794,537. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24. Aflac Incorporated has a one year low of $66.50 and a one year high of $85.70. The firm has a market capitalization of $32,804.40, a price-to-earnings ratio of 12.38, a P/E/G ratio of 2.47 and a beta of 1.00.
Aflac (NYSE:AFL) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. Aflac had a net margin of 12.49% and a return on equity of 12.87%. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the business posted $1.74 earnings per share. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. sell-side analysts predict that Aflac Incorporated will post 6.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.45 per share. This is a positive change from Aflac’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, November 14th. Aflac’s dividend payout ratio is presently 24.93%.
Aflac declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 8th that permits the company to buyback 40,000,000 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
A number of equities research analysts recently weighed in on AFL shares. BidaskClub cut shares of Aflac from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Barclays PLC boosted their price target on shares of Aflac from $73.00 to $79.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. UBS AG reissued an “overweight” rating on shares of Aflac in a research report on Thursday, August 24th. Finally, Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Tuesday, September 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Aflac has a consensus rating of “Hold” and a consensus target price of $79.63.
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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