Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 30,400 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $117.61, for a total value of $3,575,344.00. Following the completion of the transaction, the insider directly owned 51,362,645 shares of the company’s stock, valued at approximately $6,040,760,678.45. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major 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 Wednesday, May 20th, Post Holdings Co. Ltd. Japan sold 31,600 shares of Aflac stock. The shares were sold at an average price of $117.66, for a total value 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 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 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 stock was 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 stock was 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 value of $2,818,071.00.
- On Monday, May 11th, Post Holdings Co. Ltd. Japan sold 24,100 shares of Aflac stock. The stock was 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 stock was 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 value of $18,655,080.00.
Aflac Trading Down 0.5%
Aflac stock traded down $0.57 during midday trading on Tuesday, hitting $117.29. 336,582 shares of the stock were exchanged, compared to its average volume of 2,285,076. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.26. Aflac Incorporated has a 52 week low of $96.95 and a 52 week high of $119.81. The company has a fifty day simple moving average of $112.65 and a two-hundred day simple moving average of $111.74. The stock has a market capitalization of $59.70 billion, a PE ratio of 13.31, a P/E/G ratio of 2.06 and a beta of 0.62.
Aflac Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, May 20th. Aflac’s payout ratio is 27.70%.
Institutional Trading of Aflac
Large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock worth $1,507,000 after purchasing an additional 5,708 shares during the period. Bison Wealth LLC lifted its holdings in Aflac by 4.3% in the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after buying an additional 183 shares during the period. WINTON GROUP Ltd bought a new stake in Aflac during the 2nd quarter valued at approximately $280,000. Sei Investments Co. lifted its holdings in shares of Aflac by 11.2% during the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock valued at $15,854,000 after purchasing an additional 15,105 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its stake in Aflac by 1.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock valued at $1,261,000 after acquiring an additional 192 shares during the period. Institutional investors own 67.44% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on AFL. UBS Group reduced their target price on Aflac from $116.00 to $114.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Wall Street Zen raised shares of Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Evercore raised shares of Aflac from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Morgan Stanley lifted their price objective on shares of Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Finally, Wells Fargo & Company reduced their target price on Aflac from $116.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 5th. Two 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 issued a Sell rating to the company. According to data from MarketBeat.com, Aflac presently has a consensus rating of “Hold” and a consensus target price of $112.27.
Read Our Latest Report on Aflac
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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