Illinois Municipal Retirement Fund Has $12.85 Million Position in Aflac Incorporated (NYSE:AFL)

Illinois Municipal Retirement Fund cut its position in shares of Aflac Incorporated (NYSE:AFL) by 25.7% during the 4th quarter, Holdings Channel reports. The firm owned 155,722 shares of the financial services provider’s stock after selling 53,735 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Aflac were worth $12,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of AFL. Dynamic Advisor Solutions LLC acquired a new position in shares of Aflac during the 3rd quarter worth about $220,000. Global Retirement Partners LLC grew its stake in Aflac by 3.0% in the 3rd quarter. Global Retirement Partners LLC now owns 6,669 shares of the financial services provider’s stock valued at $507,000 after buying an additional 195 shares during the last quarter. Capital Investment Advisors LLC grew its stake in Aflac by 1.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 22,994 shares of the financial services provider’s stock valued at $1,765,000 after buying an additional 218 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Aflac in the 3rd quarter valued at about $268,000. Finally, Impact Partnership Wealth LLC grew its stake in Aflac by 471.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 400 shares of the financial services provider’s stock valued at $31,000 after buying an additional 330 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 3,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $79.73, for a total transaction of $239,190.00. Following the transaction, the director now directly owns 5,592 shares of the company’s stock, valued at $445,850.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Aflac news, Director Arthur Reginald Collins sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $79.73, for a total value of $239,190.00. Following the transaction, the director now directly owns 5,592 shares of the company’s stock, valued at $445,850.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Masatoshi Koide sold 30,493 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $79.91, for a total transaction of $2,436,695.63. Following the completion of the transaction, the director now directly owns 86,090 shares in the company, valued at $6,879,451.90. The disclosure for this sale can be found here. Insiders have sold a total of 46,493 shares of company stock valued at $3,765,706 over the last ninety days. 0.80% of the stock is owned by corporate insiders.

Aflac Trading Up 0.3 %

NYSE AFL traded up $0.23 on Tuesday, hitting $83.75. The company’s stock had a trading volume of 593,488 shares, compared to its average volume of 2,266,339. Aflac Incorporated has a 1-year low of $64.10 and a 1-year high of $86.26. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average is $82.31 and its 200 day moving average is $81.64. The firm has a market cap of $48.19 billion, a PE ratio of 10.78, a PEG ratio of 2.28 and a beta of 0.91.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.22). Aflac had a return on equity of 17.59% and a net margin of 24.92%. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company earned $1.29 earnings per share. As a group, analysts predict that Aflac Incorporated will post 6.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AFL has been the subject of a number of recent research reports. Evercore ISI downgraded shares of Aflac from an “in-line” rating to an “underperform” rating and boosted their price objective for the company from $76.00 to $78.00 in a report on Thursday, January 4th. Morgan Stanley boosted their price objective on shares of Aflac from $80.00 to $84.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. StockNews.com downgraded shares of Aflac from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Piper Sandler upped their price target on shares of Aflac from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company cut their price target on shares of Aflac from $83.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $82.15.

Aflac Company 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.