As Aflac INC (AFL) Share Value Declined, California State Teachers Retirement System Increased Its Holding

August 9, 2018 - By Megan Stone

Aflac Incorporated (NYSE:AFL) LogoInvestors sentiment increased to 7.76 in Q1 2018. Its up 6.70, from 1.06 in 2017Q4. It improved, as 56 investors sold AFL shares while 35 reduced holdings. 82 funds opened positions while 624 raised stakes. 1.00 billion shares or 291.45% more from 256.45 million shares in 2017Q4 were reported. Hartford Inv Communication reported 159,647 shares or 0.14% of all its holdings. Pnc Serv Grp Inc stated it has 0.01% in Aflac Incorporated (NYSE:AFL). 14,160 were accumulated by Signaturefd Ltd. The New York-based Jefferies Group Inc Lc has invested 0.01% in Aflac Incorporated (NYSE:AFL). Balyasny Asset Mgmt Ltd Liability has 28,945 shares. Highland Cap Mgmt Limited Liability holds 0.08% or 23,704 shares. Maple Capital Mgmt stated it has 0.06% in Aflac Incorporated (NYSE:AFL). Timber Hill Ltd Company invested in 6,006 shares or 0.04% of the stock. 5,310 were reported by Trustmark Savings Bank Trust Department. Cornerstone Advsr reported 0.06% stake. New York State Common Retirement Fund owns 2.58 million shares for 0.14% of their portfolio. Stadion Money Management Limited Liability Company holds 39,756 shares or 0.06% of its portfolio. Macquarie Group stated it has 26,340 shares. Evercore Wealth Limited Liability has invested 0.11% in Aflac Incorporated (NYSE:AFL). Fdx Advisors owns 0.05% invested in Aflac Incorporated (NYSE:AFL) for 35,545 shares.

Since February 16, 2018, it had 2 insider purchases, and 5 insider sales for $5.69 million activity. On Monday, March 26 the insider KNAPP CHARLES B sold $437,155. 2,000 shares valued at $178,090 were bought by Lloyd Karole on Tuesday, February 20. 2,648 shares were sold by HOWARD JUNE P, worth $239,194 on Wednesday, February 28. Another trade for 1,300 shares valued at $117,123 was made by TILLMAN AUDREY B on Wednesday, February 28. MOSKOWITZ JOSEPH L also bought $49,022 worth of Aflac Incorporated (NYSE:AFL) shares. KIRSCH ERIC M also sold $2.88 million worth of Aflac Incorporated (NYSE:AFL) shares.

California State Teachers Retirement System increased its stake in Aflac Inc (AFL) by 91.01% based on its latest 2018Q1 regulatory filing with the SEC. California State Teachers Retirement System bought 683,995 shares as the company’s stock declined 0.09% with the market. The institutional investor held 1.44 million shares of the accident &health insurance company at the end of 2018Q1, valued at $62.82M, up from 751,567 at the end of the previous reported quarter. California State Teachers Retirement System who had been investing in Aflac Inc for a number of months, seems to be bullish on the $35.99B market cap company. The stock increased 0.36% or $0.17 during the last trading session, reaching $46.87. About 1.88M shares traded. Aflac Incorporated (NYSE:AFL) has risen 21.38% since August 9, 2017 and is uptrending. It has outperformed by 8.81% the S&P500.

California State Teachers Retirement System, which manages about $46.70B US Long portfolio, decreased its stake in Nucor Corp (NYSE:NUE) by 60,875 shares to 533,693 shares, valued at $32.60M in 2018Q1, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 407,814 shares in the quarter, leaving it with 12.87 million shares, and cut its stake in United Technologies Corp (NYSE:UTX).

More recent Aflac Incorporated (NYSE:AFL) news were published by: Fool.com which released: “Aflac’s Second-Quarter Earnings Rose 17%” on July 30, 2018. Also Seekingalpha.com published the news titled: “Aflac’s Q2 2018: A SWAN Stock” on July 28, 2018. Seekingalpha.com‘s news article titled: “Aflac’s (AFL) CEO Daniel Amos on Q2 2018 Results – Earnings Call Transcript” with publication date: July 27, 2018 was also an interesting one.

Aflac Incorporated (NYSE:AFL) Ratings Coverage

Among 9 analysts covering Aflac (NYSE:AFL), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Aflac has $98 highest and $45.0 lowest target. $52.89’s average target is 12.84% above currents $46.87 stock price. Aflac had 10 analyst reports since March 2, 2018 according to SRatingsIntel. The rating was maintained by Sandler O’Neill on Thursday, April 5 with “Hold”. The firm has “Overweight” rating given on Tuesday, March 27 by JP Morgan. The firm earned “Hold” rating on Tuesday, March 20 by Keefe Bruyette & Woods. The stock of Aflac Incorporated (NYSE:AFL) earned “Hold” rating by Barclays Capital on Wednesday, March 21. Sandler O’Neill upgraded the shares of AFL in report on Wednesday, August 1 to “Buy” rating. The stock of Aflac Incorporated (NYSE:AFL) has “Neutral” rating given on Monday, March 26 by Bank of America. FBR Capital maintained Aflac Incorporated (NYSE:AFL) on Tuesday, August 7 with “Neutral” rating.

Aflac Incorporated (NYSE:AFL) Institutional Positions Chart

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