State of New Jersey Common Pension Fund D Has $25.42 Million Stake in AFLAC Incorporated (AFL)

State of New Jersey Common Pension Fund D trimmed its stake in shares of AFLAC Incorporated (NYSE:AFL) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 540,000 shares of the financial services provider’s stock after selling 60,000 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of AFLAC worth $25,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AFL. Blair William & Co. IL grew its stake in AFLAC by 79.3% in the first quarter. Blair William & Co. IL now owns 28,801 shares of the financial services provider’s stock valued at $1,260,000 after acquiring an additional 12,737 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in AFLAC by 113.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,380 shares of the financial services provider’s stock valued at $1,979,000 after acquiring an additional 24,119 shares during the period. LPL Financial LLC boosted its position in shares of AFLAC by 200.5% during the first quarter. LPL Financial LLC now owns 201,770 shares of the financial services provider’s stock valued at $8,829,000 after buying an additional 134,631 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of AFLAC by 165.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 418,080 shares of the financial services provider’s stock valued at $18,296,000 after buying an additional 260,423 shares during the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of AFLAC by 167.0% during the first quarter. Verition Fund Management LLC now owns 7,958 shares of the financial services provider’s stock valued at $348,000 after buying an additional 4,978 shares during the last quarter. 67.27% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on AFL. Credit Suisse Group cut their target price on AFLAC from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of AFLAC in a research report on Wednesday, October 3rd. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, August 7th. Morgan Stanley lifted their target price on AFLAC from $47.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, September 27th. Finally, ValuEngine cut AFLAC from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. AFLAC currently has a consensus rating of “Hold” and an average target price of $48.54.

In related news, Director Joseph L. Moskowitz sold 1,500 shares of AFLAC stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total transaction of $69,570.00. Following the sale, the director now directly owns 17,779 shares in the company, valued at $824,590.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Wayne Johnson sold 2,000 shares of AFLAC stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $46.52, for a total value of $93,040.00. Following the sale, the director now owns 29,859 shares in the company, valued at $1,389,040.68. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Shares of NYSE:AFL opened at $44.20 on Friday. The company has a market cap of $34.34 billion, a P/E ratio of 11.86, a P/E/G ratio of 1.37 and a beta of 0.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.05 and a current ratio of 0.05. AFLAC Incorporated has a 12-month low of $41.41 and a 12-month high of $48.19.

AFLAC (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.08. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.52 billion. AFLAC had a return on equity of 12.53% and a net margin of 21.00%. AFLAC’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. As a group, research analysts predict that AFLAC Incorporated will post 4.05 earnings per share for the current fiscal year.

AFLAC Profile

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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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