Aflac (NYSE:AFL) Major Shareholder Sells $2,215,020.00 in Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 20,100 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $110.20, for a total transaction of $2,215,020.00. Following the transaction, the insider owned 51,934,800 shares in the company, valued at $5,723,214,960. The trade was a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 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 Monday, April 6th, Post Holdings Co. Ltd. Japan sold 21,500 shares of Aflac stock. The shares were sold at an average price of $110.34, for a total transaction of $2,372,310.00.
  • On Wednesday, April 1st, Post Holdings Co. Ltd. Japan sold 19,600 shares of Aflac stock. The shares were sold at an average price of $109.85, for a total transaction of $2,153,060.00.
  • 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 transaction of $1,519,826.00.
  • On Monday, March 23rd, Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock. The shares were sold at an average price of $106.78, for a total transaction of $1,601,700.00.
  • On Friday, March 20th, Post Holdings Co. Ltd. Japan sold 16,800 shares of Aflac stock. The shares were sold at an average price of $106.47, for a total transaction of $1,788,696.00.
  • On Thursday, March 19th, Post Holdings Co. Ltd. Japan sold 10,100 shares of Aflac stock. The shares were 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 shares were 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 shares were sold at an average price of $109.60, for a total transaction of $1,961,840.00.

Aflac Stock Performance

AFL opened at $112.94 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a fifty day moving average price of $111.39 and a 200 day moving average price of $110.47. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $119.32. The stock has a market cap of $58.19 billion, a P/E ratio of 16.42, a P/E/G ratio of 3.62 and a beta of 0.66.

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

Analyst Ratings Changes

AFL has been the topic of several research analyst reports. Morgan Stanley set a $120.00 target price on shares of Aflac in a research report on Monday, December 15th. Barclays set a $101.00 target price on shares of Aflac and gave the company an “underweight” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aflac in a research report on Monday, December 22nd. Raymond James Financial reaffirmed an “outperform” rating and set a $119.00 target price (up from $110.00) on shares of Aflac in a report on Tuesday, December 30th. Finally, Wall Street Zen lowered shares of Aflac from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $112.00.

View Our Latest Stock Analysis on AFL

Institutional Investors Weigh In On Aflac

Hedge funds have recently modified their holdings of the company. BIP Wealth LLC grew its position in shares of Aflac by 348.3% during the fourth quarter. BIP Wealth LLC now owns 55,723 shares of the financial services provider’s stock worth $6,145,000 after acquiring an additional 43,293 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Aflac by 10.4% during the third quarter. ProShare Advisors LLC now owns 1,731,482 shares of the financial services provider’s stock worth $193,407,000 after acquiring an additional 163,791 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of Aflac by 126.1% during the third quarter. Wedbush Securities Inc. now owns 21,345 shares of the financial services provider’s stock worth $2,384,000 after acquiring an additional 11,903 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Aflac by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 1,866,471 shares of the financial services provider’s stock worth $206,712,000 after acquiring an additional 97,766 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Aflac by 12.0% during the third quarter. Jones Financial Companies Lllp now owns 97,344 shares of the financial services provider’s stock worth $10,841,000 after acquiring an additional 10,423 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

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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