Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells $13,466,311.83 in Stock

Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 113,611 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $118.53, for a total transaction of $13,466,311.83. Following the completion of the sale, the insider owned 50,134,329 shares of the company’s stock, valued at $5,942,422,016.37. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 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, October 14th, Post Holdings Co. Ltd. Japan sold 55,000 shares of Aflac stock. The stock was sold at an average price of $117.79, for a total value of $6,478,450.00.
  • On Tuesday, October 13th, Post Holdings Co. Ltd. Japan sold 42,000 shares of Aflac stock. The stock was sold at an average price of $116.38, for a total value of $4,887,960.00.
  • On Monday, October 12th, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The shares were sold at an average price of $115.85, for a total value of $1,413,370.00.
  • On Friday, October 9th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The stock was sold at an average price of $114.72, for a total value of $1,376,640.00.
  • On Thursday, October 8th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was sold at an average price of $114.45, for a total value of $1,487,850.00.
  • On Wednesday, October 7th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The shares were sold at an average price of $112.80, for a total value of $1,353,600.00.
  • On Tuesday, October 6th, Post Holdings Co. Ltd. Japan sold 13,050 shares of Aflac stock. The shares were sold at an average price of $113.49, for a total value of $1,481,044.50.
  • On Monday, October 5th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The shares were sold at an average price of $112.25, for a total value of $1,459,250.00.
  • On Friday, October 2nd, Post Holdings Co. Ltd. Japan sold 13,200 shares of Aflac stock. The stock was sold at an average price of $111.30, for a total transaction of $1,469,160.00.
  • On Thursday, October 1st, Post Holdings Co. Ltd. Japan sold 11,900 shares of Aflac stock. The shares were sold at an average price of $111.18, for a total transaction of $1,323,042.00.

Aflac Stock Performance

Shares of NYSE:AFL traded down $0.93 on Monday, hitting $119.05. The company had a trading volume of 198,159 shares, compared to its average volume of 2,270,525. The stock has a market cap of $59.68 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 1.89 and a beta of 0.56. The stock has a 50 day moving average price of $116.36 and a 200 day moving average price of $117.27. Aflac Incorporated has a 1-year low of $105.43 and a 1-year high of $130.22. 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 (NYSE:AFL – Get Free Report) last posted its earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 EPS. Analysts expect that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Aflac’s dividend payout ratio is currently 26.15%.

Analysts Set New Price Targets

Several equities analysts have recently commented on AFL shares. UBS Group reaffirmed a “neutral” rating and issued a $125.00 target price (up from $124.00) on shares of Aflac in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods dropped their price target on Aflac from $125.00 to $120.00 and set a “market perform” rating for the company in a report on Friday, October 9th. Wall Street Zen downgraded Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. upped their price objective on Aflac from $116.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Jefferies Financial Group upped their price objective on Aflac from $108.00 to $112.00 and gave the company a “hold” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Aflac has an average rating of “Hold” and a consensus price target of $117.20.

Get Our Latest Report on AFL

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Aflac during the second quarter worth approximately $6,630,000. Atlas Wealth LLC acquired a new position in Aflac in the 1st quarter valued at $1,802,000. Callan Family Office LLC acquired a new position in Aflac in the 2nd quarter valued at $2,546,000. Tidal Investments LLC raised its holdings in Aflac by 137.4% in the 2nd quarter. Tidal Investments LLC now owns 40,904 shares of the financial services provider’s stock valued at $4,796,000 after acquiring an additional 23,677 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Aflac by 135.5% during the 1st quarter. Fifth Third Bancorp now owns 142,180 shares of the financial services provider’s stock valued at $15,599,000 after acquiring an additional 81,803 shares during the period. 67.44% of the stock is owned by institutional investors.

Aflac Company Profile

(Get Free Report)

Aflac Incorporated (NYSE:AFL) is an insurance company specializing in supplemental health and life insurance. Through its policies, the company helps individuals and families manage expenses that may not be fully covered by major medical insurance, including deductibles, copayments and other out-of-pocket costs.

Aflac offers products such as accident, cancer, critical illness, hospital indemnity, dental and vision, disability, life and long-term care insurance. Many of its supplemental policies provide cash benefits directly to policyholders, who can generally use the funds according to their individual needs.

See Also

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

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