Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $118.02, for a total value of $1,593,270.00. Following the transaction, the insider owned 50,778,290 shares of the company’s stock, valued at $5,992,853,785.80. The trade was a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transactions with the SEC.
Post Holdings Co. Ltd. Japan also recently made the following trade(s):
- On Tuesday, August 25th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.49, for a total value of $1,479,423.00.
- On Friday, August 21st, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The stock was sold at an average price of $116.28, for a total value of $1,500,012.00.
- On Thursday, August 20th, Post Holdings Co. Ltd. Japan sold 13,100 shares of Aflac stock. The shares were sold at an average price of $116.60, for a total value 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 value 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 value 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 value 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 shares were 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 stock was 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 shares were sold at an average price of $116.92, for a total value of $385,836.00.
Aflac Price Performance
Shares of Aflac stock opened at $116.45 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a twelve month low of $104.66 and a twelve month high of $130.22. The business has a 50-day moving average price of $121.60 and a 200 day moving average price of $116.21. The firm has a market cap of $58.38 billion, a PE ratio of 12.48, a P/E/G ratio of 1.89 and a beta of 0.60.
Aflac Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 dividend yield of 2.1%. Aflac’s dividend payout ratio (DPR) is 26.15%.
Analysts Set New Price Targets
AFL has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Aflac from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Barclays reaffirmed an “underweight” rating and set a $99.00 price objective (up from $98.00) on shares of Aflac in a report on Friday, August 7th. Morgan Stanley lifted their target price on shares of Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. 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 note on Tuesday, August 11th. Finally, Wolfe Research began coverage on shares of Aflac in a research report on Wednesday, August 19th. They set an “underperform” rating and a $103.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $116.62.
View Our Latest Analysis on AFL
Institutional Investors Weigh In On Aflac
Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in Aflac by 11,094.0% during the second quarter. California State Teachers Retirement System now owns 86,458,157 shares of the financial services provider’s stock worth $10,137,219,000 after buying an additional 85,685,796 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Aflac in the 2nd quarter worth $4,093,787,000. Norges Bank acquired a new stake in shares of Aflac in the 4th quarter worth $420,078,000. Legal & General Group Plc purchased a new position in shares of Aflac during the 2nd quarter worth $404,639,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Aflac during the 2nd quarter worth $298,418,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.
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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