CTC Alternative Strategies Ltd. Has $1.07 Million Stock Holdings in Aflac Incorporated $AFL

by · The Markets Daily

CTC Alternative Strategies Ltd. grew its position in Aflac Incorporated (NYSE:AFL – Free Report) by 389.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,789 shares of the financial services provider’s stock after buying an additional 7,789 shares during the quarter. Aflac accounts for 2.4% of CTC Alternative Strategies Ltd.’s holdings, making the stock its 8th largest holding. CTC Alternative Strategies Ltd.’s holdings in Aflac were worth $1,074,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AFL. Quarry LP purchased a new position in shares of Aflac during the fourth quarter valued at $25,000. Groupe la Francaise purchased a new stake in Aflac in the first quarter worth about $25,000. Whipplewood Advisors LLC purchased a new stake in Aflac in the first quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new position in Aflac during the 4th quarter worth about $29,000. Finally, Evergreen Advisors LLC bought a new position in Aflac during the 1st quarter worth about $29,000. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AFL. Barclays cut their target price on shares of Aflac from $99.00 to $98.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of Aflac from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods increased their price objective on shares of Aflac from $115.00 to $120.00 and gave the company a “market perform” rating in a research note on Monday, July 13th. Morgan Stanley lifted their price objective on shares of Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $108.00 price objective (up from $100.00) on shares of Aflac in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $116.17.

Check Out Our Latest Report on Aflac

Aflac Price Performance

AFL opened at $127.53 on Friday. The business’s 50-day moving average is $119.64 and its two-hundred day moving average is $114.80. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $130.22. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $64.91 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61.

Aflac (NYSE:AFL – Get Free Report) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. Aflac had a return on equity of 13.88% and a net margin of 25.60%.The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 earnings per share. Research analysts anticipate that Aflac Incorporated will post 7.06 earnings per share for the current fiscal year.

Insider Transactions at Aflac

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of Aflac stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $116.71, for a total value of $3,249,789.95. Following the transaction, the insider owned 50,898,490 shares of the company’s stock, valued at $5,940,362,767.90. The trade was a 0.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph L. Moskowitz sold 12,370 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $116.54, for a total transaction of $1,441,599.80. Following the transaction, the director owned 33,310 shares of the company’s stock, valued at approximately $3,881,947.40. This trade represents a 27.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 744,916 shares of company stock worth $87,118,632 over the last 90 days. Company insiders own 0.80% of the company’s stock.

Aflac Company Profile

(Free Report)

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.

See Also

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