New York State Teachers Retirement System Has $47.85 Million Stock Holdings in Aflac Incorporated (NYSE:AFL)

New York State Teachers Retirement System cut its stake in Aflac Incorporated (NYSE:AFL) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,987 shares of the financial services provider’s stock after selling 7,069 shares during the period. New York State Teachers Retirement System’s holdings in Aflac were worth $47,849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in shares of Aflac in the 2nd quarter valued at $25,000. Fairscale Capital LLC bought a new position in shares of Aflac in the 2nd quarter valued at $54,000. Cedar Wealth Management LLC bought a new position in shares of Aflac in the 1st quarter valued at $50,000. HHM Wealth Advisors LLC increased its stake in shares of Aflac by 178.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 624 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 400 shares during the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in shares of Aflac in the 1st quarter valued at $66,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AFL has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Aflac from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Morgan Stanley boosted their price objective on Aflac from $91.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Barclays began coverage on Aflac in a research report on Wednesday, September 4th. They set an “underweight” rating and a $96.00 price objective on the stock. TD Cowen began coverage on Aflac in a research report on Wednesday, October 9th. They set a “hold” rating and a $102.00 price objective on the stock. Finally, UBS Group boosted their price objective on Aflac from $84.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $97.53.

Aflac Trading Up 0.1 %

NYSE AFL opened at $110.09 on Thursday. The business’s 50-day moving average price is $110.61 and its two-hundred day moving average price is $97.46. Aflac Incorporated has a 12 month low of $75.07 and a 12 month high of $115.50. The firm has a market capitalization of $62.56 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.23. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 EPS. On average, analysts expect that Aflac Incorporated will post 6.76 EPS for the current year.

Aflac Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.82%. Aflac’s dividend payout ratio is 22.08%.

Insider Activity

In other news, Director Thomas J. Kenny sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $98.94, for a total value of $197,880.00. Following the transaction, the director now directly owns 18,158 shares of the company’s stock, valued at $1,796,552.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by company insiders.

Aflac Profile

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.