Aflac (NYSE:AFL) Major Shareholder Sells $1,601,700.00 in Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $106.78, for a total value of $1,601,700.00. Following the completion of the transaction, the insider owned 52,046,800 shares of the company’s stock, valued at approximately $5,557,557,304. This trade represents a 0.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% 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 Wednesday, March 25th, Post Holdings Co. Ltd. Japan sold 14,200 shares of Aflac stock. The shares were sold at an average price of $107.03, for a total value of $1,519,826.00.
  • On Friday, March 20th, Post Holdings Co. Ltd. Japan sold 16,800 shares of Aflac stock. The stock was sold at an average price of $106.47, for a total value of $1,788,696.00.
  • On Thursday, March 19th, Post Holdings Co. Ltd. Japan sold 10,100 shares of Aflac stock. The stock was sold at an average price of $107.41, for a total transaction of $1,084,841.00.
  • On Wednesday, March 18th, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The shares were sold at an average price of $108.43, for a total transaction of $1,322,846.00.
  • On Tuesday, March 17th, Post Holdings Co. Ltd. Japan sold 15,700 shares of Aflac stock. The shares were sold at an average price of $109.77, for a total transaction of $1,723,389.00.
  • On Friday, March 13th, Post Holdings Co. Ltd. Japan sold 17,400 shares of Aflac stock. The stock was sold at an average price of $109.14, for a total transaction of $1,899,036.00.
  • On Thursday, March 12th, Post Holdings Co. Ltd. Japan sold 17,900 shares of Aflac stock. The stock was sold at an average price of $109.60, for a total transaction of $1,961,840.00.
  • On Wednesday, March 11th, Post Holdings Co. Ltd. Japan sold 18,100 shares of Aflac stock. The shares were sold at an average price of $109.53, for a total transaction of $1,982,493.00.
  • On Tuesday, March 10th, Post Holdings Co. Ltd. Japan sold 19,000 shares of Aflac stock. The shares were sold at an average price of $110.47, for a total transaction of $2,098,930.00.
  • On Monday, March 9th, Post Holdings Co. Ltd. Japan sold 17,300 shares of Aflac stock. The stock was sold at an average price of $109.62, for a total transaction of $1,896,426.00.

Aflac Stock Down 1.6%

Shares of NYSE AFL opened at $106.50 on Friday. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $119.32. The firm has a 50-day simple moving average of $111.13 and a two-hundred day simple moving average of $110.33. The company has a market cap of $54.87 billion, a P/E ratio of 15.48, a PEG ratio of 3.55 and a beta of 0.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11.

Aflac (NYSE:AFLGet Free Report) last released its earnings results on Wednesday, February 4th. The financial services provider reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.12). Aflac had a net margin of 21.24% and a return on equity of 14.35%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the company posted $1.57 EPS. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. Research analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays set a $101.00 price objective on Aflac and gave the company an “underweight” rating in a research report on Thursday, January 8th. Wells Fargo & Company boosted their price target on Aflac from $109.00 to $118.00 and gave the company an “equal weight” rating in a report on Wednesday, February 25th. TD Cowen reaffirmed a “hold” rating on shares of Aflac in a research report on Monday, December 22nd. JPMorgan Chase & Co. upped their target price on Aflac from $101.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Finally, Raymond James Financial reissued an “outperform” rating and set a $119.00 price target (up from $110.00) on shares of Aflac in a research report on Tuesday, December 30th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $112.00.

Check Out Our Latest Analysis on Aflac

Hedge Funds Weigh In On Aflac

A number of large investors have recently added to or reduced their stakes in AFL. Brighton Jones LLC boosted its holdings 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 valued at $1,507,000 after buying an additional 5,708 shares in the last quarter. Bison Wealth LLC raised its stake in shares of Aflac by 4.3% during the 4th quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 183 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Aflac during the 2nd quarter worth approximately $335,000. Franklin Resources Inc. lifted its position in Aflac by 4.6% during the second quarter. Franklin Resources Inc. now owns 528,120 shares of the financial services provider’s stock valued at $55,696,000 after acquiring an additional 23,141 shares during the last quarter. Finally, AlphaCore Capital LLC boosted its stake in Aflac by 108.5% in the second quarter. AlphaCore Capital LLC now owns 517 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 269 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Key Headlines Impacting Aflac

Here are the key news stories impacting Aflac this week:

Aflac Company Profile

(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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