Aflac (NYSE:AFL) Major Shareholder Post Holdings Co. Ltd. Japan Sells 50,000 Shares of Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $118.80, for a total value of $5,940,000.00. Following the completion of the transaction, the insider directly owned 51,424,645 shares of the company’s stock, valued at $6,109,247,826. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, May 18th, Post Holdings Co. Ltd. Japan sold 41,700 shares of Aflac stock. The stock was sold at an average price of $118.45, for a total value of $4,939,365.00.
  • On Friday, May 15th, Post Holdings Co. Ltd. Japan sold 23,500 shares of Aflac stock. The stock was sold at an average price of $116.85, for a total value of $2,745,975.00.
  • On Thursday, May 14th, Post Holdings Co. Ltd. Japan sold 24,500 shares of Aflac stock. The stock was sold at an average price of $116.42, for a total value 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 value 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 value of $2,372,310.00.

Aflac Stock Performance

AFL opened at $117.74 on Friday. The company has a market capitalization of $59.93 billion, a price-to-earnings ratio of 13.36, 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 1-year low of $96.95 and a 1-year high of $119.81. The business has a 50 day moving average price of $112.32 and a two-hundred day moving average price of $111.60.

Aflac (NYSE:AFLGet Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.66 earnings per share. Research analysts predict that Aflac Incorporated will post 7.12 EPS for the current fiscal year.

Aflac Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, May 20th. Aflac’s dividend payout ratio is 27.70%.

Analyst Upgrades and Downgrades

AFL has been the subject of a number of recent research reports. Barclays set a $99.00 price objective on Aflac and gave the company an “underweight” rating in a research report on Thursday, April 30th. UBS Group cut their price objective on Aflac from $116.00 to $114.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Keefe, Bruyette & Woods increased their price objective on Aflac from $113.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, April 10th. Wells Fargo & Company cut their price objective on Aflac from $116.00 to $111.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Finally, Wall Street Zen upgraded Aflac from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $111.82.

View Our Latest Report on AFL

Institutional Investors Weigh In On Aflac

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Aflac by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider’s stock valued at $6,301,056,000 after purchasing an additional 6,759,169 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Aflac by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock valued at $499,216,000 after purchasing an additional 67,650 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Aflac by 0.3% in the third quarter. Legal & General Group Plc now owns 3,926,777 shares of the financial services provider’s stock valued at $438,621,000 after purchasing an additional 13,666 shares in the last quarter. Norges Bank purchased a new stake in shares of Aflac in the fourth quarter valued at $420,078,000. Finally, Amundi lifted its holdings in shares of Aflac by 22.6% in the first quarter. Amundi now owns 3,268,209 shares of the financial services provider’s stock valued at $358,555,000 after purchasing an additional 603,426 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

About Aflac

(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.

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

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