Aflac (NYSE:AFL) Major Shareholder Post Holdings Co. Ltd. Japan Sells 12,900 Shares

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,900 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $116.28, for a total transaction of $1,500,012.00. Following the completion of the transaction, the insider directly owned 50,791,790 shares of the company’s stock, valued at approximately $5,906,069,341.20. The trade was a 0.03% decrease in their position. The sale was disclosed in a legal 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. Large shareholders that own more than 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 Thursday, August 20th, Post Holdings Co. Ltd. Japan sold 13,100 shares of Aflac stock. The stock was sold at an average price of $116.60, for a total transaction of $1,527,460.00.
  • On Wednesday, August 19th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were 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 stock was 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 shares were 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 value 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 transaction of $3,249,789.95.
  • On Thursday, June 18th, Post Holdings Co. Ltd. Japan sold 3,300 shares of Aflac stock. The stock was 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 shares were sold at an average price of $116.62, for a total transaction 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.

Aflac Trading Down 1.7%

AFL stock opened at $116.17 on Wednesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 12-month low of $104.66 and a 12-month high of $130.22. The stock has a market cap of $58.24 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.91 and a beta of 0.60. The business’s 50-day moving average is $121.56 and its 200 day moving average is $116.21.

Aflac (NYSE:AFLGet Free Report) last released its earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). The business had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. On average, sell-side analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be issued 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 26.15%.

Hedge Funds Weigh In On Aflac

A number of hedge funds have recently made changes to their positions in AFL. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Aflac during the 2nd quarter valued at $1,899,000. California State Teachers Retirement System increased its holdings in Aflac by 11,094.0% in the second quarter. California State Teachers Retirement System now owns 86,458,157 shares of the financial services provider’s stock valued at $10,137,219,000 after buying an additional 85,685,796 shares during the last quarter. Studio Investment Management LLC raised its position in shares of Aflac by 1.3% during the 2nd quarter. Studio Investment Management LLC now owns 7,650 shares of the financial services provider’s stock valued at $897,000 after acquiring an additional 96 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in shares of Aflac in the 2nd quarter worth about $29,000. Finally, HB Wealth Management LLC lifted its holdings in Aflac by 7.1% in the second quarter. HB Wealth Management LLC now owns 71,812 shares of the financial services provider’s stock worth $8,420,000 after acquiring an additional 4,736 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

AFL has been the subject of a number of research analyst reports. Wells Fargo & Company set a $122.00 price target on Aflac and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Morgan Stanley boosted their target price on Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. TD Cowen restated a “hold” rating and issued a $110.00 price objective (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Aflac from $120.00 to $125.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $108.00 price target (up from $100.00) on shares of Aflac in a report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $116.62.

Get Our Latest Stock Analysis on Aflac

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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