Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 9,750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $113.39, for a total value of $1,105,552.50. Following the transaction, the insider owned 51,265,035 shares in the company, valued at approximately $5,812,942,318.65. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transactions with the SEC.
Post Holdings Co. Ltd. Japan also recently made the following trade(s):
- On Monday, June 1st, Post Holdings Co. Ltd. Japan sold 9,060 shares of Aflac stock. The stock was sold at an average price of $112.53, for a total value of $1,019,521.80.
- On Friday, May 29th, Post Holdings Co. Ltd. Japan sold 9,200 shares of Aflac stock. The stock was sold at an average price of $112.75, for a total value of $1,037,300.00.
- On Thursday, May 28th, Post Holdings Co. Ltd. Japan sold 9,100 shares of Aflac stock. The stock was sold at an average price of $113.22, for a total value of $1,030,302.00.
- On Wednesday, May 27th, Post Holdings Co. Ltd. Japan sold 11,400 shares of Aflac stock. The stock was sold at an average price of $115.50, for a total value of $1,316,700.00.
- On Tuesday, May 26th, Post Holdings Co. Ltd. Japan sold 18,000 shares of Aflac stock. The stock was sold at an average price of $117.03, for a total value of $2,106,540.00.
- On Friday, May 22nd, Post Holdings Co. Ltd. Japan sold 31,100 shares of Aflac stock. The stock was sold at an average price of $117.78, for a total value of $3,662,958.00.
- On Thursday, May 21st, Post Holdings Co. Ltd. Japan sold 30,400 shares of Aflac stock. The stock was sold at an average price of $117.61, for a total value of $3,575,344.00.
- On Wednesday, May 20th, Post Holdings Co. Ltd. Japan sold 31,600 shares of Aflac stock. The shares were sold at an average price of $117.66, for a total value of $3,718,056.00.
- On Tuesday, May 19th, Post Holdings Co. Ltd. Japan sold 50,000 shares of Aflac stock. The shares were sold at an average price of $118.80, for a total value of $5,940,000.00.
- On Monday, May 18th, Post Holdings Co. Ltd. Japan sold 41,700 shares of Aflac stock. The shares were sold at an average price of $118.45, for a total value of $4,939,365.00.
Aflac Stock Up 1.3%
Shares of NYSE AFL traded up $1.52 during mid-day trading on Thursday, hitting $116.02. 355,440 shares of the stock traded hands, compared to its average volume of 2,357,507. The stock has a fifty day moving average price of $113.48 and a 200-day moving average price of $111.75. The company has a market cap of $59.05 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.99 and a beta of 0.61. Aflac Incorporated has a 52 week low of $96.95 and a 52 week high of $119.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11.
Aflac Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.61 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. Aflac’s payout ratio is presently 27.70%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AFL. Evercore upgraded Aflac from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Morgan Stanley boosted their price objective on shares of Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Wells Fargo & Company decreased their price objective on shares of Aflac from $116.00 to $111.00 and set an “equal weight” rating for the company in a report on Tuesday, May 5th. UBS Group decreased their price objective on shares of Aflac from $116.00 to $114.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Barclays set a $99.00 price objective on shares of Aflac and gave the stock an “underweight” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Aflac currently has a consensus rating of “Hold” and a consensus target price of $112.27.
Get Our Latest Stock Analysis on AFL
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of AFL. Whipplewood Advisors LLC purchased a new stake in Aflac during the first quarter valued at $25,000. Groupe la Francaise purchased a new stake in Aflac during the first quarter valued at $25,000. Quarry LP purchased a new stake in Aflac during the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC purchased a new stake in Aflac during the fourth quarter valued at $29,000. Finally, Evergreen Advisors LLC purchased a new stake in Aflac during the first quarter valued at $29,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.
Aflac Company Profile
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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