Academy Capital Management Inc. TX Sells 1,789 Shares of AFLAC Incorporated (AFL)

Academy Capital Management Inc. TX reduced its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,004 shares of the financial services provider’s stock after selling 1,789 shares during the period. AFLAC comprises 2.4% of Academy Capital Management Inc. TX’s investment portfolio, making the stock its 18th largest holding. Academy Capital Management Inc. TX’s holdings in AFLAC were worth $8,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AFL. New Mexico Educational Retirement Board grew its holdings in AFLAC by 3.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 37,953 shares of the financial services provider’s stock worth $3,332,000 after acquiring an additional 1,100 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its holdings in AFLAC by 29.9% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 626,143 shares of the financial services provider’s stock worth $54,962,000 after acquiring an additional 144,050 shares in the last quarter. Nuance Investments LLC grew its holdings in AFLAC by 6.4% during the 4th quarter. Nuance Investments LLC now owns 136,220 shares of the financial services provider’s stock worth $11,957,000 after acquiring an additional 8,204 shares in the last quarter. Evermay Wealth Management LLC acquired a new position in AFLAC during the 4th quarter worth approximately $593,000. Finally, Flossbach Von Storch AG acquired a new position in AFLAC during the 4th quarter worth approximately $212,000. 66.36% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on AFL. B. Riley reiterated a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. ValuEngine upgraded shares of AFLAC from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Citigroup upgraded shares of AFLAC to a “strong-buy” rating and boosted their price target for the stock from $88.00 to $100.00 in a report on Monday, January 22nd. Finally, Raymond James Financial upgraded shares of AFLAC from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $88.00 to $100.00 in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company’s stock. AFLAC currently has a consensus rating of “Hold” and an average price target of $83.88.

AFLAC Incorporated (NYSE:AFL) opened at $85.13 on Tuesday. AFLAC Incorporated has a twelve month low of $69.81 and a twelve month high of $91.73. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $33,470.00, a price-to-earnings ratio of 7.74, a PEG ratio of 2.21 and a beta of 1.01.

AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.05. AFLAC had a net margin of 20.18% and a return on equity of 12.32%. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. sell-side analysts expect that AFLAC Incorporated will post 7.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st will be issued a $0.52 dividend. This is a boost from AFLAC’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, February 20th. This represents a $2.08 annualized dividend and a dividend yield of 2.44%. AFLAC’s dividend payout ratio is presently 16.36%.

In other news, VP James Todd Daniels sold 1,430 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $87.11, for a total value of $124,567.30. Following the completion of the transaction, the vice president now owns 12,708 shares in the company, valued at approximately $1,106,993.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Audrey B. Tillman sold 2,360 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $87.64, for a total transaction of $206,830.40. Following the completion of the transaction, the insider now owns 39,331 shares of the company’s stock, valued at approximately $3,446,968.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,347 shares of company stock valued at $1,962,778. Company insiders own 3.00% of the company’s stock.

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About AFLAC

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.

Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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