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CIBC Bancorp USA Inc. Takes $8.35 Million Position in Aflac Incorporated $AFL
CIBC Bancorp USA Inc. has acquired a new position of 74,756 shares, valued at approximately $8.35 million, in Aflac Incorporated during the third quarter. This comes as other institutional investors, such as Dimensional Fund Advisors LP and Invesco Ltd., also adjusted their stakes in the financial services provider. Despite a recent earnings miss and some analyst downgrades, Aflac maintains a consensus “Hold” rating with an average target price of $111.73.