Aflac (NYSE:AFL) Major Shareholder Post Holdings Co. Ltd. Japan Sells 13,100 Shares of Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,100 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $116.60, for a total value of $1,527,460.00. Following the transaction, the insider owned 50,804,690 shares of the company’s stock, valued at $5,923,826,854. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 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, 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 stock was 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 shares were 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 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 value 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 value 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.
  • 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 transaction of $3,521,700.00.
  • On Monday, June 15th, Post Holdings Co. Ltd. Japan sold 28,800 shares of Aflac stock. The shares were sold at an average price of $117.17, for a total value of $3,374,496.00.

Aflac Trading Up 1.8%

Shares of AFL opened at $118.19 on Tuesday. The stock’s fifty day simple moving average is $121.58 and its 200-day simple moving average is $116.19. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $59.25 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 1.87 and a beta of 0.60. Aflac Incorporated has a 12-month low of $104.66 and a 12-month high of $130.22.

Aflac (NYSE:AFLGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.01). The firm had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 earnings per share. As a group, research analysts predict that Aflac Incorporated will post 7.04 earnings per share for the current 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. 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, August 19th. Aflac’s payout ratio is currently 26.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen restated a “hold” rating and set a $110.00 target price (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. Wall Street Zen cut Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Barclays reaffirmed an “underweight” rating and issued a $99.00 price target (up from $98.00) on shares of Aflac in a research note on Friday, August 7th. Piper Sandler restated an “overweight” rating and set a $138.00 price objective (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Finally, Keefe, Bruyette & Woods upped 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. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $116.62.

Read Our Latest Stock Analysis on AFL

Institutional Trading of Aflac

A number of hedge funds have recently made changes to their positions in AFL. California State Teachers Retirement System boosted its position 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 purchasing an additional 85,685,796 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Aflac by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider’s stock worth $6,301,056,000 after buying an additional 6,759,169 shares during the period. BlackRock Inc. acquired a new position in Aflac in the 2nd quarter valued at about $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Aflac by 27.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,201,217 shares of the financial services provider’s stock valued at $609,843,000 after acquiring an additional 1,132,091 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Aflac by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock valued at $499,216,000 after acquiring an additional 67,650 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.

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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