CoreCap Advisors LLC Has $468,000 Stock Holdings in Aflac Incorporated $AFL

CoreCap Advisors LLC decreased its holdings in shares of Aflac Incorporated (NYSE:AFL) by 89.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,248 shares of the financial services provider’s stock after selling 34,909 shares during the quarter. CoreCap Advisors LLC’s holdings in Aflac were worth $468,000 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. AQR Capital Management LLC increased its position in Aflac by 1,184.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,264,090 shares of the financial services provider’s stock worth $141,199,000 after buying an additional 1,165,676 shares during the period. Franklin Resources Inc. boosted its position in shares of Aflac by 132.4% in the third quarter. Franklin Resources Inc. now owns 1,227,200 shares of the financial services provider’s stock valued at $137,078,000 after acquiring an additional 699,080 shares during the period. Invesco Ltd. boosted its position in shares of Aflac by 16.7% in the second quarter. Invesco Ltd. now owns 4,167,886 shares of the financial services provider’s stock valued at $439,545,000 after acquiring an additional 594,971 shares during the period. Marshall Wace LLP grew its stake in shares of Aflac by 459.0% in the second quarter. Marshall Wace LLP now owns 701,390 shares of the financial services provider’s stock worth $73,969,000 after acquiring an additional 575,915 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Aflac by 180.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 252,457 shares of the financial services provider’s stock worth $27,320,000 after acquiring an additional 565,884 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Stock Up 1.5%

Shares of AFL stock opened at $108.05 on Tuesday. The stock has a market cap of $55.67 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 3.49 and a beta of 0.66. Aflac Incorporated has a one year low of $96.95 and a one year high of $119.32. The stock has a fifty day moving average price of $111.10 and a 200 day moving average price of $110.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.12). Aflac had a net margin of 21.24% and a return on equity of 14.35%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period last year, the firm earned $1.57 EPS. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. Analysts predict that Aflac Incorporated will post 6.88 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on AFL. Mizuho set a $107.00 target price on shares of Aflac in a research note on Monday, February 9th. TD Cowen restated a “hold” rating on shares of Aflac in a research report on Monday, December 22nd. Barclays set a $101.00 price objective on shares of Aflac and gave the company an “underweight” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aflac in a research note on Monday, December 22nd. Finally, Wall Street Zen downgraded Aflac from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Aflac presently has an average rating of “Hold” and an average target price of $112.00.

Insider Activity

In related news, Director Charles D. Lake II sold 15,590 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $109.93, for a total value of $1,713,808.70. Following the completion of the transaction, the director owned 62,237 shares of the company’s stock, valued at $6,841,713.41. This represents a 20.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Post Holdings Co. Ltd. Japan sold 14,200 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $107.03, for a total transaction of $1,519,826.00. Following the transaction, the insider owned 52,018,600 shares of the company’s stock, valued at approximately $5,567,550,758. This represents a 0.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 235,077 shares of company stock worth $25,690,082. 0.80% of the stock is owned by company insiders.

About Aflac

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.