Renaissance Technologies LLC Buys New Holdings in Aflac Incorporated (AFL)

Renaissance Technologies LLC bought a new position in shares of Aflac Incorporated (NYSE:AFL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 332,500 shares of the financial services provider’s stock, valued at approximately $25,829,000. Renaissance Technologies LLC owned approximately 0.08% of Aflac at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Keybank National Association OH raised its holdings in Aflac by 242.1% during the second quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock worth $9,960,000 after purchasing an additional 90,741 shares in the last quarter. New Amsterdam Partners LLC NY bought a new position in shares of Aflac in the second quarter valued at $531,000. Coho Partners Ltd. increased its holdings in shares of Aflac by 85.3% in the second quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock valued at $169,881,000 after buying an additional 1,006,477 shares in the last quarter. Delta Lloyd Asset Management N.V. bought a new position in shares of Aflac in the second quarter valued at $3,306,000. Finally, Aviance Capital Partners LLC increased its holdings in shares of Aflac by 7.2% in the first quarter. Aviance Capital Partners LLC now owns 23,601 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 1,577 shares in the last quarter. 65.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Aflac Incorporated (AFL) opened at 82.27 on Monday. The firm’s 50-day moving average is $82.07 and its 200 day moving average is $77.61. The firm has a market capitalization of $32.52 billion, a P/E ratio of 12.44 and a beta of 0.96. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $84.51.

Aflac (NYSE:AFL) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.20. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business posted $1.65 earnings per share. Equities research analysts forecast that Aflac Incorporated will post $6.69 EPS for the current fiscal year.

Aflac announced that its board has authorized a stock buyback program on Tuesday, August 8th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In other Aflac news, Director Douglas Wayne Johnson sold 1,500 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $83.58, for a total value of $125,370.00. Following the sale, the director now directly owns 13,733 shares in the company, valued at $1,147,804.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Todd Daniels sold 620 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $81.49, for a total transaction of $50,523.80. Following the completion of the sale, the insider now owns 15,454 shares in the company, valued at $1,259,346.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,899 shares of company stock worth $2,662,483. Company insiders own 3.00% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Renaissance Technologies LLC Buys New Holdings in Aflac Incorporated (AFL)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/09/renaissance-technologies-llc-buys-new-holdings-in-aflac-incorporated-afl.html.

Several research analysts have issued reports on the company. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Thursday, September 21st. FBR & Co reaffirmed a “market perform” rating and issued a $80.00 price target (up previously from $68.00) on shares of Aflac in a report on Wednesday, July 12th. UBS AG reaffirmed an “overweight” rating on shares of Aflac in a report on Thursday, August 24th. Barclays PLC upped their price target on Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Monday, July 3rd. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and issued a $66.00 price target on shares of Aflac in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have give

Other large investors have also recently made changes to their positions in the company. Keybank National Association OH raised its holdings in Aflac by 242.1% during the second quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock worth $9,960,000 after purchasing an additional 90,741 shares in the last quarter. New Amsterdam Partners LLC NY bought a new position in shares of Aflac in the second quarter valued at $531,000. Coho Partners Ltd. increased its holdings in shares of Aflac by 85.3% in the second quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock valued at $169,881,000 after buying an additional 1,006,477 shares in the last quarter. Delta Lloyd Asset Management N.V. bought a new position in shares of Aflac in the second quarter valued at $3,306,000. Finally, Aviance Capital Partners LLC increased its holdings in shares of Aflac by 7.2% in the first quarter. Aviance Capital Partners LLC now owns 23,601 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 1,577 shares in the last quarter. 65.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Aflac Incorporated (AFL) opened at 82.27 on Monday. The firm’s 50-day moving average is $82.07 and its 200 day moving average is $77.61. The firm has a market capitalization of $32.52 billion, a P/E ratio of 12.44 and a beta of 0.96. Aflac Incorporated has a 52 week low of $66.50 and a 52 week high of $84.51.

Aflac (NYSE:AFL) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.20. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business posted $1.65 earnings per share. Equities research analysts forecast that Aflac Incorporated will post $6.69 EPS for the current fiscal year.

Aflac announced that its board has authorized a stock buyback program on Tuesday, August 8th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In other Aflac news, Director Douglas Wayne Johnson sold 1,500 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $83.58, for a total value of $125,370.00. Following the sale, the director now directly owns 13,733 shares in the company, valued at $1,147,804.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Todd Daniels sold 620 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $81.49, for a total transaction of $50,523.80. Following the completion of the sale, the insider now owns 15,454 shares in the company, valued at $1,259,346.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,899 shares of company stock worth $2,662,483. Company insiders own 3.00% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Renaissance Technologies LLC Buys New Holdings in Aflac Incorporated (AFL)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/09/renaissance-technologies-llc-buys-new-holdings-in-aflac-incorporated-afl.html.

Several research analysts have issued reports on the company. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Thursday, September 21st. FBR & Co reaffirmed a “market perform” rating and issued a $80.00 price target (up previously from $68.00) on shares of Aflac in a report on Wednesday, July 12th. UBS AG reaffirmed an “overweight” rating on shares of Aflac in a report on Thursday, August 24th. Barclays PLC upped their price target on Aflac from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Monday, July 3rd. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and issued a $66.00 price target on shares of Aflac in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $78.41.

Aflac Profile

Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

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Institutional Ownership by Quarter for Aflac (NYSE:AFL)

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