Academy Capital Management Inc. TX Reduces Position in AFLAC Incorporated (AFL)

Academy Capital Management Inc. TX decreased its holdings in AFLAC Incorporated (NYSE:AFL) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,004 shares of the financial services provider’s stock after selling 1,789 shares during the quarter. AFLAC accounts for about 2.4% of Academy Capital Management Inc. TX’s holdings, 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.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New Mexico Educational Retirement Board grew its position in AFLAC by 3.0% in the fourth 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 during the period. Old Mutual Global Investors UK Ltd. grew its position in AFLAC by 29.9% in the fourth 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 during the period. Nuance Investments LLC boosted its position in shares of AFLAC by 6.4% during the fourth quarter. Nuance Investments LLC now owns 136,220 shares of the financial services provider’s stock worth $11,957,000 after buying an additional 8,204 shares during the period. Evermay Wealth Management LLC purchased a new position in shares of AFLAC during the fourth quarter worth $593,000. Finally, Flossbach Von Storch AG purchased a new position in shares of AFLAC during the fourth quarter worth $212,000. 66.87% of the stock is owned by institutional investors.

AFL has been the subject of several research analyst reports. Janney Montgomery Scott restated a “buy” rating on shares of AFLAC in a research report on Tuesday, January 16th. Wells Fargo & Co set a $82.00 target price on AFLAC and gave the company a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. B. Riley restated a “neutral” rating on shares of AFLAC in a research note on Monday, November 6th. Finally, ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $83.88.

Shares of AFLAC Incorporated (AFL) opened at $89.65 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.07 and a current ratio of 0.07. AFLAC Incorporated has a 52 week low of $70.34 and a 52 week high of $91.73. The company has a market capitalization of $35,004.29, a P/E ratio of 8.14, a PEG ratio of 2.34 and a beta of 1.01.

AFLAC shares are going to split on Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly created shares will be distributed to shareholders after the market closes 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.05. The company had revenue of $5.42 billion during 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%. AFLAC’s revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. research analysts expect that AFLAC Incorporated will post 7.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.32%. This is an increase from AFLAC’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, February 20th. AFLAC’s dividend payout ratio is presently 16.35%.

In related news, COO Masatoshi Koide sold 6,250 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $88.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief operating officer now directly owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP James Todd Daniels sold 1,430 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $87.11, for a total transaction of $124,567.30. Following the completion of the transaction, the vice president now directly owns 12,708 shares of the company’s stock, valued at $1,106,993.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,347 shares of company stock valued at $1,962,778. 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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