Aflac Incorporated (NYSE:AFL) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in shares of Aflac Incorporated (NYSE:AFL) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 834,272 shares of the financial services provider’s stock after selling 43,484 shares during the quarter. California State Teachers Retirement System’s holdings in Aflac were worth $86,297,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in AFL. Private Trust Co. NA increased its holdings in Aflac by 1.3% in the fourth quarter. Private Trust Co. NA now owns 7,643 shares of the financial services provider’s stock valued at $791,000 after buying an additional 99 shares in the last quarter. Phillips Wealth Planners LLC increased its position in Aflac by 1.5% during the 4th quarter. Phillips Wealth Planners LLC now owns 6,553 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 100 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Aflac by 23.2% during the fourth quarter. Raleigh Capital Management Inc. now owns 531 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 100 shares in the last quarter. TKG Advisors LLC boosted its position in Aflac by 0.5% in the 4th quarter. TKG Advisors LLC now owns 21,255 shares of the financial services provider’s stock valued at $2,230,000 after buying an additional 103 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its stake in shares of Aflac by 1.6% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,960 shares of the financial services provider’s stock valued at $720,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AFL shares. Keefe, Bruyette & Woods reduced their price objective on Aflac from $107.00 to $104.00 and set a “market perform” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their target price on shares of Aflac from $94.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. UBS Group raised their price target on shares of Aflac from $109.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Morgan Stanley decreased their price target on shares of Aflac from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Finally, Wells Fargo & Company lowered their target price on shares of Aflac from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Aflac currently has an average rating of “Hold” and a consensus price target of $103.93.

Insider Activity at Aflac

In other news, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $107.63, for a total value of $107,630.00. Following the completion of the transaction, the director now owns 25,393 shares in the company, valued at $2,733,048.59. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles D. Lake II sold 29,802 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $107.29, for a total transaction of $3,197,456.58. Following the sale, the director now directly owns 49,962 shares in the company, valued at $5,360,422.98. This trade represents a 37.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Aflac Price Performance

Shares of NYSE AFL opened at $108.55 on Tuesday. The stock has a market cap of $59.25 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 3.24 and a beta of 0.81. The firm’s 50-day simple moving average is $107.22 and its 200 day simple moving average is $107.04. Aflac Incorporated has a fifty-two week low of $80.59 and a fifty-two week high of $115.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.08 and a current ratio of 0.10.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.07). Aflac had a return on equity of 16.20% and a net margin of 28.76%. As a group, research analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current fiscal 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.