Strs Ohio Has $2.22 Million Stake in Aflac Incorporated (NYSE:AFL)

Strs Ohio decreased its holdings in Aflac Incorporated (NYSE:AFL) by 10.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,948 shares of the financial services provider’s stock after selling 3,060 shares during the period. Strs Ohio’s holdings in Aflac were worth $2,223,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AFL. Baystate Wealth Management LLC grew its position in Aflac by 24.1% in the third quarter. Baystate Wealth Management LLC now owns 675 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 131 shares during the last quarter. Dominguez Wealth Management Solutions Inc. grew its holdings in shares of Aflac by 0.5% during the 3rd quarter. Dominguez Wealth Management Solutions Inc. now owns 24,969 shares of the financial services provider’s stock valued at $1,916,000 after purchasing an additional 132 shares during the last quarter. Brighton Jones LLC increased its position in Aflac by 2.3% during the 3rd quarter. Brighton Jones LLC now owns 6,156 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 136 shares in the last quarter. MV Capital Management Inc. lifted its stake in Aflac by 3.7% in the 3rd quarter. MV Capital Management Inc. now owns 3,779 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 136 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in Aflac by 4.9% in the 4th quarter. Simon Quick Advisors LLC now owns 2,950 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AFL has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of Aflac from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. The Goldman Sachs Group increased their target price on Aflac from $61.00 to $75.00 and gave the company a “sell” rating in a research report on Tuesday, January 9th. Wells Fargo & Company reduced their price target on Aflac from $83.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Evercore ISI lowered shares of Aflac from an “in-line” rating to an “underperform” rating and raised their price objective for the company from $76.00 to $78.00 in a report on Thursday, January 4th. Finally, UBS Group boosted their target price on shares of Aflac from $80.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $82.15.

Insiders Place Their Bets

In other Aflac news, Director Masatoshi Koide sold 30,493 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $79.91, for a total transaction of $2,436,695.63. Following the transaction, the director now directly owns 86,090 shares in the company, valued at approximately $6,879,451.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Aflac news, Director Masatoshi Koide sold 30,493 shares of Aflac stock in a transaction on Friday, February 16th. The shares were sold at an average price of $79.91, for a total value of $2,436,695.63. Following the completion of the sale, the director now directly owns 86,090 shares of the company’s stock, valued at $6,879,451.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Albert Riggieri sold 8,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $83.34, for a total transaction of $666,720.00. Following the transaction, the senior vice president now directly owns 32,825 shares in the company, valued at approximately $2,735,635.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,493 shares of company stock worth $3,765,706. 0.90% of the stock is owned by corporate insiders.

Aflac Price Performance

AFL stock opened at $83.23 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.33. The firm has a market cap of $47.89 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 2.20 and a beta of 0.91. The company’s fifty day simple moving average is $82.21 and its 200 day simple moving average is $81.50. Aflac Incorporated has a 12-month low of $64.10 and a 12-month high of $86.26.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.22). Aflac had a return on equity of 17.59% and a net margin of 24.92%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business posted $1.29 earnings per share. On average, analysts expect that Aflac Incorporated will post 6.41 earnings per share for the current year.

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.