New York State Teachers Retirement System Has $59.70 Million Holdings in AFLAC Incorporated (AFL)

New York State Teachers Retirement System decreased its holdings in shares of AFLAC Incorporated (NYSE:AFL) by 7.0% in the first quarter, HoldingsChannel.com reports. The firm owned 1,193,971 shares of the financial services provider’s stock after selling 89,370 shares during the quarter. New York State Teachers Retirement System’s holdings in AFLAC were worth $59,699,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cordasco Financial Network bought a new position in shares of AFLAC in the first quarter valued at approximately $25,000. Gables Capital Management Inc. increased its holdings in shares of AFLAC by 276.9% in the first quarter. Gables Capital Management Inc. now owns 490 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 360 shares in the last quarter. Financial Advantage Inc. acquired a new stake in shares of AFLAC in the fourth quarter valued at approximately $29,000. Baystate Wealth Management LLC increased its holdings in shares of AFLAC by 203.5% in the first quarter. Baystate Wealth Management LLC now owns 601 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 403 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC acquired a new stake in shares of AFLAC in the fourth quarter valued at approximately $33,000. Institutional investors own 67.82% of the company’s stock.

In other news, Director Karole Lloyd purchased 2,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of $49.83 per share, with a total value of $99,660.00. Following the acquisition, the director now directly owns 22,160 shares of the company’s stock, valued at $1,104,232.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Teresa L. White sold 57,124 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $50.39, for a total transaction of $2,878,478.36. Following the completion of the transaction, the insider now directly owns 76,378 shares of the company’s stock, valued at approximately $3,848,687.42. The disclosure for this sale can be found here. Insiders have sold a total of 106,910 shares of company stock valued at $5,342,838 in the last ninety days. Company insiders own 1.30% of the company’s stock.

A number of brokerages recently weighed in on AFL. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Tuesday, April 30th. UBS Group lowered their price target on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Raymond James raised their price target on shares of AFLAC from $55.00 to $56.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 30th. ValuEngine lowered shares of AFLAC from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, SunTrust Banks raised their price target on shares of AFLAC to $48.00 and gave the company a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $49.80.

AFL traded up $0.98 during trading on Thursday, reaching $52.11. 415,754 shares of the company’s stock were exchanged, compared to its average volume of 3,313,341. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05. AFLAC Incorporated has a fifty-two week low of $41.45 and a fifty-two week high of $51.52. The firm has a market capitalization of $37.62 billion, a PE ratio of 12.53, a P/E/G ratio of 3.42 and a beta of 0.78.

AFLAC (NYSE:AFL) last released its earnings results on Thursday, April 25th. The financial services provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. AFLAC had a net margin of 14.26% and a return on equity of 13.49%. The firm had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that AFLAC Incorporated will post 4.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, May 21st. AFLAC’s dividend payout ratio is presently 25.96%.

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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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