Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 9,060 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $112.53, for a total transaction of $1,019,521.80. Following the transaction, the insider directly owned 51,274,785 shares of the company’s stock, valued at approximately $5,769,951,556.05. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 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 Wednesday, June 3rd, Post Holdings Co. Ltd. Japan sold 16,300 shares of Aflac stock. The stock was sold at an average price of $115.19, for a total transaction of $1,877,597.00.
- On Tuesday, June 2nd, Post Holdings Co. Ltd. Japan sold 9,750 shares of Aflac stock. The stock was sold at an average price of $113.39, for a total transaction of $1,105,552.50.
- 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $3,575,344.00.
- On Wednesday, May 20th, Post Holdings Co. Ltd. Japan sold 31,600 shares of Aflac stock. The stock was sold at an average price of $117.66, for a total transaction of $3,718,056.00.
- On Tuesday, May 19th, Post Holdings Co. Ltd. Japan sold 50,000 shares of Aflac stock. The stock was sold at an average price of $118.80, for a total transaction of $5,940,000.00.
Aflac Stock Up 2.7%
AFL stock opened at $118.37 on Friday. The stock has a market capitalization of $60.25 billion, a P/E ratio of 13.44, a PEG ratio of 2.02 and a beta of 0.61. 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 Incorporated has a one year low of $96.95 and a one year high of $119.81. The company has a 50 day moving average price of $113.89 and a two-hundred day moving average price of $111.80.
Aflac Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Aflac’s payout ratio is presently 27.70%.
Analyst Ratings Changes
AFL has been the subject of several research reports. Barclays set a $99.00 price objective on shares of Aflac and gave the company an “underweight” rating in a research note on Thursday, April 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Aflac from $113.00 to $115.00 and gave the company a “market perform” rating in a research note on Friday, April 10th. UBS Group dropped their price target on Aflac from $116.00 to $114.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Morgan Stanley upped their price target 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, Wall Street Zen upgraded Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $112.27.
Read Our Latest Stock Report on AFL
Institutional Trading of Aflac
Institutional investors have recently modified their holdings of the company. Stephens Inc. AR lifted its holdings in shares of Aflac by 0.4% during the 4th quarter. Stephens Inc. AR now owns 21,945 shares of the financial services provider’s stock valued at $2,420,000 after acquiring an additional 91 shares in the last quarter. Compound Planning Inc. lifted its holdings in shares of Aflac by 0.7% during the 1st quarter. Compound Planning Inc. now owns 13,743 shares of the financial services provider’s stock valued at $1,508,000 after acquiring an additional 91 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Aflac by 4.5% during the 4th quarter. Root Financial Partners LLC now owns 2,119 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 92 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Aflac by 0.5% during the 4th quarter. CENTRAL TRUST Co now owns 19,088 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 95 shares in the last quarter. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of Aflac by 1.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 7,702 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.
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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