Aflac Inc. (AFL) Stake Held by Utah Retirement Systems
Utah Retirement Systems maintained its position in Aflac Inc. (NYSE:AFL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,521 shares of the company’s stock at the end of the third quarter. Utah Retirement Systems’ holdings in Aflac were worth $5,284,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Aflac by 5.6% in the second quarter. Vanguard Group Inc. now owns 29,411,321 shares of the company’s stock valued at $2,122,320,000 after buying an additional 1,571,695 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Aflac by 2.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,424,068 shares of the company’s stock valued at $824,361,000 after buying an additional 316,344 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Aflac by 2.0% in the third quarter. Nordea Investment Management AB now owns 6,796,905 shares of the company’s stock valued at $488,494,000 after buying an additional 131,005 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Aflac by 29.3% in the second quarter. Ameriprise Financial Inc. now owns 4,175,649 shares of the company’s stock valued at $301,314,000 after buying an additional 945,952 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Aflac by 6.1% in the second quarter. BlackRock Group LTD now owns 3,477,538 shares of the company’s stock valued at $250,939,000 after buying an additional 200,563 shares during the last quarter. 62.37% of the stock is currently owned by institutional investors.
Aflac Inc. (NYSE:AFL) traded up 0.14% during trading on Wednesday, reaching $71.38. 2,135,883 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $70.67 and a 200-day moving average of $71.36. Aflac Inc. has a 52 week low of $54.57 and a 52 week high of $74.50. The stock has a market capitalization of $29.13 billion, a PE ratio of 11.32 and a beta of 1.07.
Aflac (NYSE:AFL) last released its earnings results on Thursday, October 27th. The company reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.08. Aflac had a net margin of 12.03% and a return on equity of 13.72%. The firm had revenue of $5.72 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the firm earned $1.32 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts anticipate that Aflac Inc. will post $6.95 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.41%. This is a positive change from Aflac’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, November 14th. Aflac’s dividend payout ratio is presently 27.30%.
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Several research analysts have issued reports on AFL shares. Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $74.76 target price on the stock in a report on Wednesday, November 16th. Wells Fargo & Co. started coverage on shares of Aflac in a report on Friday, September 23rd. They set a “market perform” rating on the stock. FBR & Co reiterated a “hold” rating on shares of Aflac in a report on Friday, October 28th. Credit Suisse Group AG started coverage on shares of Aflac in a report on Friday, October 7th. They set an “underperform” rating and a $75.00 target price on the stock. Finally, Zacks Investment Research cut shares of Aflac from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $70.21.
In related news, insider Audrey B. Tillman sold 18,856 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $73.50, for a total transaction of $1,385,916.00. Following the sale, the insider now directly owns 43,087 shares in the company, valued at $3,166,894.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Teresa L. White sold 35,734 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $74.28, for a total transaction of $2,654,321.52. Following the sale, the insider now owns 29,633 shares in the company, valued at $2,201,139.24. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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