California State Teachers Retirement System raised its position in AFLAC Incorporated (NYSE:AFL) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 751,567 shares of the financial services provider’s stock after buying an additional 59,937 shares during the quarter. California State Teachers Retirement System owned approximately 0.19% of AFLAC worth $65,973,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rockland Trust Co. increased its holdings in shares of AFLAC by 13.0% in the fourth quarter. Rockland Trust Co. now owns 10,548 shares of the financial services provider’s stock valued at $926,000 after purchasing an additional 1,214 shares during the period. Creative Planning increased its holdings in shares of AFLAC by 2.0% in the fourth quarter. Creative Planning now owns 97,049 shares of the financial services provider’s stock valued at $8,519,000 after purchasing an additional 1,906 shares during the period. Fulcrum Capital LLC acquired a new position in shares of AFLAC in the fourth quarter valued at approximately $2,985,000. Sawyer & Company Inc acquired a new position in shares of AFLAC in the fourth quarter valued at approximately $1,151,000. Finally, Novare Capital Management LLC acquired a new position in shares of AFLAC in the third quarter valued at approximately $4,720,000. Institutional investors own 68.80% of the company’s stock.
AFLAC Incorporated (AFL) opened at $90.75 on Wednesday. AFLAC Incorporated has a twelve month low of $70.64 and a twelve month high of $91.76. The firm has a market capitalization of $35,394.91, a price-to-earnings ratio of 13.36, a P/E/G ratio of 2.37 and a beta of 0.96. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.22.
AFLAC (NYSE:AFL) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.05. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.44 billion. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. AFLAC’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 earnings per share. analysts expect that AFLAC Incorporated will post 7.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 21st were issued a $0.52 dividend. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, February 20th. This represents a $2.08 annualized dividend and a yield of 2.29%. AFLAC’s dividend payout ratio is 18.89%.
A number of research firms have recently issued reports on AFL. UBS Group began coverage on AFLAC in a report on Friday, March 2nd. They issued a “neutral” rating and a $98.00 target price on the stock. ValuEngine raised AFLAC from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Raymond James Financial raised AFLAC from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $88.00 to $100.00 in a report on Monday, January 22nd. Citigroup raised AFLAC to a “strong-buy” rating and boosted their target price for the company from $88.00 to $100.00 in a report on Monday, January 22nd. Finally, Janney Montgomery Scott reissued a “buy” rating on shares of AFLAC in a report on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. AFLAC has a consensus rating of “Hold” and a consensus price target of $84.96.
In other AFLAC news, insider June P. Howard sold 2,648 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.33, for a total value of $239,193.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Daniel P. Amos sold 24,983 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.77, for a total value of $2,242,723.91. The disclosure for this sale can be found here. Insiders sold 43,921 shares of company stock worth $3,913,315 in the last three months. 3.00% of the stock is owned by corporate insiders.
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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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