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Aflac: Institutional Investors’ Activity

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Top investors

Together, the top ten institutional investors in Aflac (AFL) bought 1.8 million shares in the first quarter. Five of the top ten investors added to their positions, while the other five analysts reduced their position in the stock in the first quarter. A sale of 2.6 million shares by AQR Capital Management was the largest sale transaction. Now, AQR Capital holds 1.2% of Aflac’s outstanding shares. American Century Investment Management bought 3.2 million Aflac shares in the first quarter.

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BlackRock Institutional Trust bought 1.3 million Aflac shares in the first quarter. BlackRock Institutional Trust owns 5.2% of Aflac’s outstanding shares. Geode Capital Management, the fifth-largest investor, bought 1.8 million Aflac shares in the first quarter. The above chart shows the top ten institutional investors in Aflac along with their latest position changes. Together, the top ten investors own 29% of Aflac’s outstanding shares.

Other transactions

Robeco Institutional Asset Management B.V. bought 1.4 million Aflac shares. Recently, Merian Global Investors UK sold 2.6 million Aflac shares, while Norges Bank Investment Management sold 2.4 million shares. GWL Investment Management and Goldman Sachs & Company sold 2.0 million and 1.8 million Aflac shares, respectively. Overall, the institutional activity indicates mixed sentiments for the stock.

Institutional ownership

A total of 1,364 institutional investors own 69.5% of Aflac’s outstanding shares. In the last three months, these investors purchased 27.8 million Aflac shares and sold 38.5 million shares, which resulted in a net sale of 10.7 million shares.

Aflac has risen ~14% in 2019. Aflac tracked broader markets’ rise during this period. On May 22, Barclays raised its target price for Aflac from $45 to $53.

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