Aflac (NYSE:AFL) Major Shareholder Sells $1,479,423.00 in Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,700 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $116.49, for a total transaction of $1,479,423.00. Following the transaction, the insider directly owned 50,765,590 shares in the company, valued at approximately $5,913,683,579.10. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Post Holdings Co. Ltd. Japan also recently made the following trade(s):

  • On Monday, August 24th, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The shares were sold at an average price of $118.02, for a total transaction of $1,593,270.00.
  • On Friday, August 21st, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The stock was sold at an average price of $116.28, for a total transaction of $1,500,012.00.
  • On Thursday, August 20th, Post Holdings Co. Ltd. Japan sold 13,100 shares of Aflac stock. The stock was sold at an average price of $116.60, for a total transaction of $1,527,460.00.
  • 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 shares were 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 stock was sold at an average price of $121.33, for a total value 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 value of $1,712,163.00.
  • On Thursday, August 13th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was 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 shares were 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 stock was sold at an average price of $116.92, for a total value of $385,836.00.

Aflac Price Performance

AFL traded down $0.78 during trading on Thursday, reaching $116.67. 270,756 shares of the stock were exchanged, compared to its average volume of 2,316,598. The business’s 50 day moving average price is $121.58 and its two-hundred day moving average price is $116.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $58.49 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 1.87 and a beta of 0.60. Aflac Incorporated has a 1 year low of $104.66 and a 1 year high of $130.22.

Aflac (NYSE:AFLGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). The firm had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.78 EPS. As a group, equities research analysts anticipate that Aflac Incorporated will post 7.04 earnings per share for the current year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.44 annualized dividend and a yield of 2.1%. Aflac’s dividend payout ratio (DPR) is presently 26.15%.

Institutional Investors Weigh In On Aflac

Several institutional investors and hedge funds have recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in Aflac in the first quarter worth about $25,000. Groupe la Francaise acquired a new position in shares of Aflac during the first quarter valued at $25,000. Quarry LP acquired a new position in shares of Aflac during the fourth quarter valued at $25,000. Archer Investment Corp bought a new position in shares of Aflac during the second quarter worth about $26,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in shares of Aflac during the second quarter worth about $27,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AFL has been the subject of several research reports. Wells Fargo & Company set a $122.00 price objective on shares of Aflac and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. TD Cowen reissued a “hold” rating and issued a $110.00 target price (up from $101.00) on shares of Aflac in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, August 21st. Piper Sandler reaffirmed an “overweight” rating and set a $138.00 price target (up from $130.00) on shares of Aflac in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. lowered their price target on Aflac from $117.00 to $116.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $116.62.

View Our Latest Research Report on AFL

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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