Teacher Retirement System of Texas Sells 28,003 Shares of AFLAC Incorporated (AFL)
Teacher Retirement System of Texas reduced its position in AFLAC Incorporated (NYSE:AFL) by 2.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,396,272 shares of the financial services provider’s stock after selling 28,003 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.18% of AFLAC worth $60,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. increased its position in AFLAC by 100.0% in the first quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,215 shares during the last quarter. Smithfield Trust Co. grew its position in shares of AFLAC by 100.0% in the first quarter. Smithfield Trust Co. now owns 2,520 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 1,260 shares in the last quarter. Omnia Family Wealth LLC grew its position in shares of AFLAC by 118.8% in the first quarter. Omnia Family Wealth LLC now owns 2,724 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 1,479 shares in the last quarter. Clarus Wealth Advisors purchased a new position in shares of AFLAC in the second quarter valued at $121,000. Finally, Spectrum Management Group Inc. purchased a new position in shares of AFLAC in the second quarter valued at $122,000. 67.81% of the stock is owned by institutional investors and hedge funds.
AFL has been the subject of several recent research reports. Credit Suisse Group initiated coverage on AFLAC in a research report on Wednesday, April 25th. They issued a “neutral” rating and a $49.00 price target for the company. Wells Fargo & Co set a $48.00 price target on AFLAC and gave the company a “hold” rating in a research report on Wednesday, April 25th. JPMorgan Chase & Co. set a $47.00 price target on AFLAC and gave the company a “buy” rating in a research report on Thursday, April 26th. Zacks Investment Research cut AFLAC from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. Finally, ValuEngine cut AFLAC from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $47.50.
NYSE:AFL opened at $46.48 on Friday. The firm has a market cap of $35.90 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. AFLAC Incorporated has a 52-week low of $39.58 and a 52-week high of $47.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.05 and a quick ratio of 0.05.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The company had revenue of $5.59 billion during 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%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. equities research analysts anticipate that AFLAC Incorporated will post 4.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Wednesday, August 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, August 21st. AFLAC’s dividend payout ratio is 30.59%.
AFLAC Company 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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