AFLAC Incorporated (AFL) Shares Sold by Strs Ohio

Strs Ohio reduced its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 405,888 shares of the financial services provider’s stock after selling 8,913 shares during the quarter. Strs Ohio owned 0.05% of AFLAC worth $20,294,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AFL. Cordasco Financial Network bought a new position in AFLAC during the first quarter worth $25,000. Financial Advantage Inc. bought a new position in AFLAC during the fourth quarter worth $29,000. Nelson Roberts Investment Advisors LLC bought a new position in AFLAC during the fourth quarter worth $33,000. IMS Capital Management bought a new position in AFLAC during the third quarter worth $35,000. Finally, NuWave Investment Management LLC lifted its stake in AFLAC by 59.2% during the first quarter. NuWave Investment Management LLC now owns 769 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 68.46% of the company’s stock.

A number of equities research analysts have issued reports on AFL shares. JPMorgan Chase & Co. cut AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research note on Wednesday, January 2nd. SunTrust Banks raised their target price on AFLAC to $48.00 and gave the company a “hold” rating in a research note on Monday, February 4th. ValuEngine upgraded AFLAC from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Zacks Investment Research cut AFLAC from a “hold” rating to a “sell” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $48.67.

In related news, insider Masatoshi Koide sold 27,120 shares of AFLAC stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $47.71, for a total transaction of $1,293,895.20. Following the transaction, the insider now directly owns 52,858 shares of the company’s stock, valued at $2,521,855.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Karole Lloyd purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average cost of $49.83 per share, for a total transaction of $99,660.00. Following the purchase, the director now directly owns 22,160 shares in the company, valued at approximately $1,104,232.80. The disclosure for this purchase can be found here. Insiders have sold 89,244 shares of company stock worth $4,363,557 over the last three months. Corporate insiders own 1.30% of the company’s stock.

AFL stock opened at $48.92 on Monday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $36.63 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 3.37 and a beta of 0.79. AFLAC Incorporated has a 1 year low of $41.45 and a 1 year high of $50.66.

AFLAC (NYSE:AFL) last posted its earnings results on Thursday, January 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.08. The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.47 billion. AFLAC had a return on equity of 13.62% and a net margin of 13.42%. As a group, analysts predict that AFLAC Incorporated will post 4.23 EPS for the current year.

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AFLAC Profile

Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

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Institutional Ownership by Quarter for AFLAC (NYSE:AFL)

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