AFLAC Incorporated (AFL) Position Cut by California State Teachers Retirement System
California State Teachers Retirement System reduced its position in AFLAC Incorporated (NYSE:AFL) by 7.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 691,630 shares of the financial services provider’s stock after selling 54,431 shares during the period. California State Teachers Retirement System owned about 0.18% of AFLAC worth $56,292,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Atwood & Palmer Inc. lifted its position in AFLAC by 320.5% during the second quarter. Atwood & Palmer Inc. now owns 1,312 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,000 shares during the last quarter. San Francisco Sentry Investment Group CA lifted its position in AFLAC by 4,338.7% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,345 shares during the last quarter. Capital Analysts LLC acquired a new stake in AFLAC during the second quarter worth approximately $131,000. ClariVest Asset Management LLC bought a new position in shares of AFLAC during the second quarter worth approximately $150,000. Finally, Harfst & Associates Inc. increased its holdings in shares of AFLAC by 12.0% during the second quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 214 shares during the period. Institutional investors and hedge funds own 65.75% of the company’s stock.
AFL has been the topic of several recent research reports. Bank of America cut shares of AFLAC from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Tuesday, September 5th. Royal Bank of Canada reaffirmed a “sell” rating and set a $71.00 target price on shares of AFLAC in a report on Tuesday, October 10th. UBS reaffirmed an “overweight” rating on shares of AFLAC in a report on Thursday, August 24th. Finally, B. Riley reaffirmed a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $79.79.
AFLAC Incorporated (AFL) opened at $88.42 on Friday. The stock has a market cap of $34,789.81, a P/E ratio of 13.13, a P/E/G ratio of 2.62 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.07 and a quick ratio of 0.07. AFLAC Incorporated has a one year low of $66.50 and a one year high of $89.15.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. The business had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.48 billion. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. equities analysts anticipate that AFLAC Incorporated will post 6.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.04%. This is a boost from AFLAC’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Tuesday, November 14th. AFLAC’s dividend payout ratio (DPR) is 26.09%.
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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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