Aflac (NYSE:AFL) Major Shareholder Post Holdings Co. Ltd. Japan Sells 31,600 Shares

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 31,600 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $117.66, for a total transaction of $3,718,056.00. Following the transaction, the insider owned 51,393,045 shares of the company’s stock, valued at $6,046,905,674.70. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • 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 transaction 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 transaction of $4,939,365.00.
  • On Friday, May 15th, Post Holdings Co. Ltd. Japan sold 23,500 shares of Aflac stock. The shares were sold at an average price of $116.85, for a total transaction of $2,745,975.00.
  • 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 shares were sold at an average price of $115.36, for a total transaction of $2,791,712.00.
  • On Tuesday, May 12th, Post Holdings Co. Ltd. Japan sold 24,300 shares of Aflac stock. The shares were sold at an average price of $115.97, for a total transaction of $2,818,071.00.
  • On Monday, May 11th, Post Holdings Co. Ltd. Japan sold 24,100 shares of Aflac stock. The shares were sold at an average price of $114.85, for a total transaction of $2,767,885.00.
  • On Thursday, April 9th, Post Holdings Co. Ltd. Japan sold 86,155 shares of Aflac stock. The shares were sold at an average price of $113.24, for a total transaction of $9,756,192.20.
  • On Wednesday, April 8th, Post Holdings Co. Ltd. Japan sold 166,000 shares of Aflac stock. The shares were sold at an average price of $112.38, for a total transaction of $18,655,080.00.
  • On Tuesday, April 7th, Post Holdings Co. Ltd. Japan sold 24,200 shares of Aflac stock. The shares were sold at an average price of $110.45, for a total transaction of $2,672,890.00.

Aflac Stock Performance

Shares of NYSE AFL opened at $117.78 on Friday. The company has a market cap of $59.95 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 2.06 and a beta of 0.62. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $119.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. The company has a 50-day simple moving average of $112.48 and a 200-day simple moving average of $111.65.

Aflac (NYSE:AFLGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The firm had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Aflac had a return on equity of 13.88% and a net margin of 25.60%.The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. On average, equities analysts anticipate that Aflac Incorporated will post 7.11 earnings per share for the current year.

Aflac Announces Dividend

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

Analyst Upgrades and Downgrades

AFL has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Aflac from a “buy (b-)” rating to a “buy (a-)” rating in a report on Friday, May 15th. Keefe, Bruyette & Woods boosted their target price on shares of Aflac from $113.00 to $115.00 and gave the company a “market perform” rating in a report on Friday, April 10th. Mizuho set a $104.00 target price on shares of Aflac in a report on Monday, May 4th. Morgan Stanley boosted their target price on shares of Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Evercore upgraded shares of Aflac from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Aflac currently has an average rating of “Hold” and a consensus price target of $111.82.

Get Our Latest Research Report on Aflac

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AFL. Whipplewood Advisors LLC acquired a new position in Aflac during the first quarter valued at approximately $25,000. Groupe la Francaise acquired a new position in Aflac during the first quarter valued at approximately $25,000. Quarry LP acquired a new position in Aflac during the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new position in Aflac during the fourth quarter valued at approximately $29,000. Finally, Evergreen Advisors LLC acquired a new position in Aflac during the first quarter valued at approximately $29,000. 67.44% of the stock is owned by institutional investors and hedge funds.

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.

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