Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,100 shares of Aflac stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $116.60, for a total transaction of $1,527,460.00. Following the transaction, the insider directly owned 50,804,690 shares of the company’s stock, valued at approximately $5,923,826,854. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more 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 Wednesday, August 19th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $117.05, for a total transaction of $1,486,535.00.
- On Tuesday, August 18th, Post Holdings Co. Ltd. Japan sold 14,200 shares of Aflac stock. The shares were sold at an average price of $121.94, for a total transaction of $1,731,548.00.
- On Monday, August 17th, Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock. The shares were sold at an average price of $121.33, for a total transaction of $1,686,487.00.
- On Friday, August 14th, Post Holdings Co. Ltd. Japan sold 14,100 shares of Aflac stock. The stock was sold at an average price of $121.43, for a total transaction of $1,712,163.00.
- On Thursday, August 13th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was sold at an average price of $121.09, for a total transaction of $1,574,170.00.
- On Monday, June 22nd, Post Holdings Co. Ltd. Japan sold 27,845 shares of Aflac stock. The shares were sold at an average price of $116.71, for a total value of $3,249,789.95.
- On Thursday, June 18th, Post Holdings Co. Ltd. Japan sold 3,300 shares of Aflac stock. The shares were sold at an average price of $116.92, for a total value of $385,836.00.
- On Wednesday, June 17th, Post Holdings Co. Ltd. Japan sold 26,300 shares of Aflac stock. The stock was sold at an average price of $116.62, for a total value of $3,067,106.00.
- On Tuesday, June 16th, Post Holdings Co. Ltd. Japan sold 30,000 shares of Aflac stock. The stock was sold at an average price of $117.39, for a total value of $3,521,700.00.
- On Monday, June 15th, Post Holdings Co. Ltd. Japan sold 28,800 shares of Aflac stock. The shares were sold at an average price of $117.17, for a total value of $3,374,496.00.
Aflac Price Performance
Shares of Aflac stock traded up $1.89 on Monday, reaching $117.96. The company’s stock had a trading volume of 391,927 shares, compared to its average volume of 2,330,871. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $59.14 billion, a P/E ratio of 12.64, a PEG ratio of 1.87 and a beta of 0.60. The stock has a 50-day moving average price of $121.55 and a 200-day moving average price of $116.15. Aflac Incorporated has a 52-week low of $104.66 and a 52-week high of $130.22.
Aflac Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.61 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. Aflac’s dividend payout ratio is currently 26.15%.
Institutional Trading of Aflac
Several large investors have recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new position in shares of Aflac during the 1st quarter worth approximately $25,000. Groupe la Francaise acquired a new position in Aflac during the first quarter worth $25,000. Quarry LP purchased a new stake in Aflac in the 4th quarter valued at $25,000. Archer Investment Corp purchased a new stake in Aflac in the 2nd quarter valued at $26,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Aflac in the 2nd quarter worth $27,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the stock. Jefferies Financial Group reissued a “hold” rating and set a $108.00 target price (up from $100.00) on shares of Aflac in a research note on Friday, July 10th. TD Cowen reaffirmed a “hold” rating and issued a $110.00 price target (up from $101.00) on shares of Aflac in a research note on Wednesday, July 22nd. Piper Sandler reiterated an “overweight” rating and issued a $138.00 price objective (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Morgan Stanley boosted their price objective on Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. decreased their target price on Aflac from $117.00 to $116.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $116.62.
Read Our Latest Analysis on Aflac
About Aflac
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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