BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in AFLAC Incorporated (NYSE:AFL) by 47.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 175,278 shares of the financial services provider’s stock after selling 159,322 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in AFLAC were worth $8,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AFL. Natixis lifted its holdings in AFLAC by 116.6% during the 2nd quarter. Natixis now owns 1,525,606 shares of the financial services provider’s stock valued at $65,632,000 after purchasing an additional 821,166 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in AFLAC by 47.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,224,874 shares of the financial services provider’s stock valued at $95,715,000 after purchasing an additional 712,308 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in AFLAC by 659.2% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 640,924 shares of the financial services provider’s stock valued at $27,573,000 after purchasing an additional 556,500 shares during the last quarter. HAP Trading LLC acquired a new stake in AFLAC during the 3rd quarter valued at $22,750,000. Finally, California Public Employees Retirement System lifted its holdings in AFLAC by 17.1% during the 2nd quarter. California Public Employees Retirement System now owns 2,748,852 shares of the financial services provider’s stock valued at $118,256,000 after purchasing an additional 401,806 shares during the last quarter. 66.77% of the stock is owned by institutional investors.

AFL opened at $43.25 on Friday. AFLAC Incorporated has a fifty-two week low of $41.41 and a fifty-two week high of $48.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market cap of $33.72 billion, a PE ratio of 12.72, a PEG ratio of 1.28 and a beta of 0.96.

AFLAC (NYSE:AFL) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. AFLAC had a return on equity of 12.85% and a net margin of 21.51%. The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the firm earned $0.85 earnings per share. On average, sell-side analysts predict that AFLAC Incorporated will post 4.08 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Tuesday, November 20th. AFLAC’s dividend payout ratio is currently 30.59%.

In other news, 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 transaction of $93,040.00. Following the completion of the sale, the director now owns 29,859 shares of the company’s stock, valued at $1,389,040.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $69,570.00. Following the sale, the director now directly owns 17,779 shares of the company’s stock, valued at approximately $824,590.02. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

AFL has been the subject of several research reports. Morgan Stanley raised their price target on AFLAC from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, September 27th. Zacks Investment Research downgraded AFLAC from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of AFLAC in a report on Wednesday, October 3rd. Credit Suisse Group cut their price target on AFLAC from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 17th. Finally, ValuEngine downgraded AFLAC from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $48.38.

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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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