Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells 23,500 Shares of Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 23,500 shares of Aflac stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $116.85, for a total transaction of $2,745,975.00. Following the sale, the insider owned 51,516,345 shares of the company’s stock, valued at approximately $6,019,684,913.25. The trade was a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Post Holdings Co. Ltd. Japan also recently made the following trade(s):

  • On Thursday, May 14th, Post Holdings Co. Ltd. Japan sold 24,500 shares of Aflac stock. The shares were sold at an average price of $116.42, for a total transaction of $2,852,290.00.
  • On Wednesday, May 13th, Post Holdings Co. Ltd. Japan sold 24,200 shares of Aflac stock. The stock was sold at an average price of $115.36, for a total value of $2,791,712.00.
  • On Tuesday, May 12th, Post Holdings Co. Ltd. Japan sold 24,300 shares of Aflac stock. The stock was sold at an average price of $115.97, for a total value of $2,818,071.00.
  • On Monday, May 11th, Post Holdings Co. Ltd. Japan sold 24,100 shares of Aflac stock. The stock was sold at an average price of $114.85, for a total value of $2,767,885.00.
  • On Thursday, April 9th, Post Holdings Co. Ltd. Japan sold 86,155 shares of Aflac stock. The stock was sold at an average price of $113.24, for a total value of $9,756,192.20.
  • On Wednesday, April 8th, Post Holdings Co. Ltd. Japan sold 166,000 shares of Aflac stock. The stock was sold at an average price of $112.38, for a total value of $18,655,080.00.
  • On Tuesday, April 7th, Post Holdings Co. Ltd. Japan sold 24,200 shares of Aflac stock. The stock was sold at an average price of $110.45, for a total transaction of $2,672,890.00.
  • On Monday, April 6th, Post Holdings Co. Ltd. Japan sold 21,500 shares of Aflac stock. The stock was sold at an average price of $110.34, for a total transaction of $2,372,310.00.
  • On Thursday, April 2nd, Post Holdings Co. Ltd. Japan sold 20,100 shares of Aflac stock. The stock was sold at an average price of $110.20, for a total transaction of $2,215,020.00.
  • On Wednesday, April 1st, Post Holdings Co. Ltd. Japan sold 19,600 shares of Aflac stock. The stock was sold at an average price of $109.85, for a total transaction of $2,153,060.00.

Aflac Trading Up 0.9%

AFL stock traded up $1.03 during midday trading on Tuesday, hitting $119.70. The stock had a trading volume of 297,944 shares, compared to its average volume of 2,285,615. The firm has a market cap of $60.93 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 2.04 and a beta of 0.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $119.81. The company’s 50-day moving average price is $111.89 and its 200 day moving average price is $111.37.

Aflac (NYSE:AFLGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.05). Aflac had a net margin of 25.60% and a return on equity of 13.88%. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the firm earned $1.66 earnings per share. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. On average, equities research analysts predict that Aflac Incorporated will post 7.12 earnings per share for the current fiscal year.

Aflac Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.44 annualized dividend and a dividend yield of 2.0%. Aflac’s payout ratio is currently 27.70%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AFL. UBS Group reduced their target price on shares of Aflac from $116.00 to $114.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Barclays set a $99.00 target price on shares of Aflac and gave the company an “underweight” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Aflac from a “buy (b-)” rating to a “buy (a-)” rating in a research note on Friday. Mizuho set a $104.00 target price on shares of Aflac in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.36.

View Our Latest Stock Report on AFL

Institutional Investors Weigh In On Aflac

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Aflac by 13.4% during the fourth quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider’s stock worth $6,301,056,000 after acquiring an additional 6,759,169 shares during the period. Norges Bank acquired a new stake in Aflac during the fourth quarter worth about $420,078,000. First Trust Advisors LP raised its stake in Aflac by 161.9% during the first quarter. First Trust Advisors LP now owns 3,184,801 shares of the financial services provider’s stock worth $349,405,000 after acquiring an additional 1,968,738 shares during the period. AQR Capital Management LLC raised its stake in Aflac by 1,184.5% during the third quarter. AQR Capital Management LLC now owns 1,264,090 shares of the financial services provider’s stock worth $141,199,000 after acquiring an additional 1,165,676 shares during the period. Finally, Marshall Wace LLP raised its stake in Aflac by 390.7% during the fourth quarter. Marshall Wace LLP now owns 1,111,711 shares of the financial services provider’s stock worth $122,588,000 after acquiring an additional 885,141 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Company Profile

(Get 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.

Featured Articles

Insider Buying and Selling by Quarter for Aflac (NYSE:AFL)

Receive News & Ratings for Aflac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac and related companies with MarketBeat.com's FREE daily email newsletter.