Arizona State Retirement System Increases Position in AFLAC Incorporated (AFL)

Arizona State Retirement System lifted its position in AFLAC Incorporated (NYSE:AFL) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 137,180 shares of the financial services provider’s stock after purchasing an additional 5,096 shares during the period. Arizona State Retirement System’s holdings in AFLAC were worth $12,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AFL. Dynamic Technology Lab Private Ltd purchased a new stake in shares of AFLAC in the second quarter valued at approximately $358,000. Advisory Services Network LLC boosted its holdings in shares of AFLAC by 1.0% in the second quarter. Advisory Services Network LLC now owns 4,915 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 49 shares during the period. PGGM Investments boosted its holdings in shares of AFLAC by 158.4% in the third quarter. PGGM Investments now owns 659,771 shares of the financial services provider’s stock valued at $53,699,000 after purchasing an additional 404,470 shares during the period. Moloney Securities Asset Management LLC purchased a new stake in shares of AFLAC in the third quarter valued at approximately $714,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of AFLAC by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 279,394 shares of the financial services provider’s stock valued at $22,739,000 after purchasing an additional 11,873 shares during the period. Hedge funds and other institutional investors own 66.36% of the company’s stock.

AFL has been the subject of a number of research reports. Janney Montgomery Scott reiterated a “buy” rating on shares of AFLAC in a report on Tuesday, January 16th. Wells Fargo & Co restated a “market perform” rating and set a $90.00 target price (up previously from $84.00) on shares of AFLAC in a report on Tuesday, January 9th. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, Citigroup upgraded AFLAC to a “strong-buy” rating and upped their target price for the stock from $88.00 to $100.00 in a report on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. AFLAC presently has a consensus rating of “Hold” and an average price target of $83.88.

Shares of AFLAC Incorporated (NYSE:AFL) opened at $89.65 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $35,250.00, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. AFLAC Incorporated has a twelve month low of $70.34 and a twelve month high of $91.73.

Shares of AFLAC are going to split on Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly created shares will be payable to shareholders after the closing bell on Friday, March 16th.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, February 20th. This is an increase from AFLAC’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.32%. AFLAC’s dividend payout ratio is presently 16.36%.

In other news, President Kriss Cloninger III sold 6,057 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $87.73, for a total transaction of $531,380.61. Following the transaction, the president now directly owns 241,099 shares of the company’s stock, valued at $21,151,615.27. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Masatoshi Koide sold 6,250 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $88.00, for a total value of $550,000.00. Following the transaction, the chief operating officer now directly owns 25,037 shares in the company, valued at $2,203,256. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,347 shares of company stock worth $1,962,778. Insiders own 3.00% of the company’s stock.

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AFLAC Company Profile

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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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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