Aflac (NYSE:AFL) Major Shareholder Sells $2,745,975.00 in Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 23,500 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $116.85, for a total value of $2,745,975.00. Following the completion of the transaction, the insider owned 51,516,345 shares of the company’s stock, valued at $6,019,684,913.25. This trade represents a 0.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transactions 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 stock was sold at an average price of $118.80, for a total value 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 value of $4,939,365.00.
  • 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 value 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 value 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 value 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 value 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 value of $9,756,192.20.
  • On Wednesday, April 8th, Post Holdings Co. Ltd. Japan sold 166,000 shares of Aflac stock. The stock was 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 stock was sold at an average price of $110.45, for a total transaction of $2,672,890.00.
  • On Monday, April 6th, Post Holdings Co. Ltd. Japan sold 21,500 shares of Aflac stock. The stock was sold at an average price of $110.34, for a total transaction of $2,372,310.00.

Aflac Trading Up 0.4%

Shares of Aflac stock opened at $117.74 on Friday. 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 firm has a fifty day moving average price of $112.32 and a 200 day moving average price of $111.60. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $119.81. The stock has a market cap of $59.93 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.62.

Aflac (NYSE:AFLGet Free Report) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.05). Aflac had a return on equity of 13.88% and a net margin of 25.60%.The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the business earned $1.66 EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. Equities research analysts predict that Aflac Incorporated will post 7.12 earnings per share for the current year.

Aflac Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, May 20th. Aflac’s dividend payout ratio (DPR) is 27.70%.

Wall Street Analyst Weigh In

AFL has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Aflac from $116.00 to $111.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings raised shares of Aflac from a “buy (b-)” rating to a “buy (a-)” rating in a report on Friday, May 15th. Barclays set a $99.00 target price on shares of Aflac and gave the company an “underweight” rating in a report on Thursday, April 30th. Wall Street Zen raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, UBS Group cut their target price on shares of Aflac from $116.00 to $114.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $111.82.

View Our Latest Stock Analysis on AFL

Institutional Investors Weigh In On Aflac

Several hedge funds have recently modified their holdings of AFL. Whipplewood Advisors LLC purchased a new stake in shares of Aflac in the first quarter valued at approximately $25,000. Groupe la Francaise purchased a new stake in shares of Aflac in the first quarter valued at approximately $25,000. Quarry LP purchased a new stake in shares of Aflac in the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Aflac in the fourth quarter valued at approximately $29,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Aflac in the first quarter valued at approximately $29,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

Insider Buying and Selling by Quarter for Aflac (NYSE:AFL)

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