Strs Ohio Has $16.11 Million Position in Aflac Incorporated $AFL

Strs Ohio lifted its holdings in Aflac Incorporated (NYSE:AFL) by 11.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 146,829 shares of the financial services provider’s stock after buying an additional 14,603 shares during the quarter. Strs Ohio’s holdings in Aflac were worth $16,109,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Quarry LP bought a new position in Aflac in the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in Aflac in the 4th quarter valued at $29,000. Navalign LLC acquired a new position in Aflac in the 4th quarter worth $32,000. Darwin Wealth Management LLC acquired a new position in Aflac in the 2nd quarter worth $33,000. Finally, Activest Wealth Management increased its holdings in Aflac by 95.6% during the 4th quarter. Activest Wealth Management now owns 311 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 152 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Aflac Trading Down 0.1%

Shares of Aflac stock opened at $120.73 on Friday. The stock has a market cap of $61.45 billion, a P/E ratio of 13.70, a P/E/G ratio of 2.12 and a beta of 0.61. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.26. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $120.88. The business’s 50 day moving average is $116.30 and its 200-day moving average is $112.89.

Aflac (NYSE:AFL) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.20 billion. Aflac had a return on equity of 13.88% and a net margin of 25.60%.Aflac’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 earnings per share. Equities research analysts predict that Aflac Incorporated will post 7.09 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Aflac’s dividend payout ratio (DPR) is 27.70%.

Insider Buying and Selling

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 166,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $112.38, for a total value of $18,655,080.00. Following the sale, the insider owned 51,723,100 shares in the company, valued at $5,812,641,978. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,042,771 shares of company stock worth $120,575,104 in the last three months. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

AFL has been the subject of several recent research reports. Barclays set a $99.00 price objective on Aflac and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Evercore raised shares of Aflac from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Weiss Ratings upgraded shares of Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. Piper Sandler restated an “overweight” rating and set a $130.00 target price (up from $125.00) on shares of Aflac in a report on Tuesday, May 26th. Finally, Morgan Stanley lifted their price target on shares of Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $112.27.

About Aflac

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.