Teacher Retirement System of Texas Boosts Stock Position in Aflac Incorporated (NYSE:AFL)

Teacher Retirement System of Texas lifted its holdings in shares of Aflac Incorporated (NYSE:AFLFree Report) by 4.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 210,463 shares of the financial services provider’s stock after acquiring an additional 9,912 shares during the period. Teacher Retirement System of Texas’ holdings in Aflac were worth $16,153,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in Aflac by 99,608.4% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,691,395,636 shares of the financial services provider’s stock valued at $118,059,415,000 after buying an additional 1,689,699,293 shares during the last quarter. Norges Bank purchased a new stake in Aflac in the fourth quarter valued at approximately $175,416,000. Invesco Ltd. boosted its position in Aflac by 62.4% in the first quarter. Invesco Ltd. now owns 4,936,608 shares of the financial services provider’s stock valued at $317,865,000 after buying an additional 1,897,212 shares during the last quarter. Morgan Stanley boosted its position in Aflac by 22.9% in the fourth quarter. Morgan Stanley now owns 8,812,956 shares of the financial services provider’s stock valued at $634,004,000 after buying an additional 1,640,984 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Aflac in the fourth quarter valued at approximately $72,249,000. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Raymond James upped their target price on Aflac from $77.00 to $83.00 and gave the company an “outperform” rating in a research report on Tuesday, September 26th. StockNews.com started coverage on Aflac in a report on Thursday, October 5th. They issued a “hold” rating for the company. Evercore ISI downgraded Aflac from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $76.00 to $78.00 in a report on Thursday, January 4th. JPMorgan Chase & Co. boosted their price target on Aflac from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, UBS Group upped their target price on Aflac from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $79.45.

Read Our Latest Analysis on AFL

Aflac Stock Up 0.4 %

Shares of AFL opened at $82.83 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.08 and a current ratio of 0.08. Aflac Incorporated has a one year low of $60.20 and a one year high of $84.64. The stock has a market capitalization of $48.40 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 2.00 and a beta of 0.92. The stock has a 50 day moving average price of $82.13 and a 200 day moving average price of $77.87.

Aflac (NYSE:AFLGet Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.44 by $0.40. Aflac had a return on equity of 17.86% and a net margin of 24.17%. The firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the previous year, the business earned $1.23 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Aflac Incorporated will post 6.34 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.03%. The ex-dividend date was Tuesday, November 14th. Aflac’s payout ratio is currently 22.13%.

Insider Buying and Selling at Aflac

In other Aflac news, Director William P. Bowers sold 23,701 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $81.51, for a total value of $1,931,868.51. Following the completion of the sale, the director now directly owns 60,118 shares in the company, valued at approximately $4,900,218.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Aflac news, Director William P. Bowers sold 23,701 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $81.51, for a total value of $1,931,868.51. Following the completion of the sale, the director now directly owns 60,118 shares in the company, valued at approximately $4,900,218.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Frederick John Crawford sold 100,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $81.37, for a total value of $8,137,000.00. Following the completion of the sale, the chief operating officer now owns 236,539 shares of the company’s stock, valued at $19,247,178.43. The disclosure for this sale can be found here. Insiders sold a total of 164,815 shares of company stock worth $13,382,727 in the last three months. 0.90% of the stock is owned by corporate insiders.

Aflac Company Profile

(Free Report)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U.S. 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.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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