Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells 13,000 Shares of Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $116.52, for a total transaction of $1,514,760.00. Following the completion of the sale, the insider owned 50,726,690 shares of the company’s stock, valued at approximately $5,910,673,918.80. The trade was a 0.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Thursday, August 27th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $116.67, for a total value of $1,481,709.00.
  • On Wednesday, August 26th, Post Holdings Co. Ltd. Japan sold 13,200 shares of Aflac stock. The shares were sold at an average price of $117.35, for a total transaction of $1,549,020.00.
  • On Tuesday, August 25th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $116.49, for a total transaction of $1,479,423.00.
  • 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 shares were sold at an average price of $116.28, for a total value 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 value of $1,527,460.00.
  • On Wednesday, August 19th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was 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 value 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 transaction of $1,712,163.00.

Aflac Trading Down 0.4%

Shares of NYSE AFL traded down $0.43 during trading on Tuesday, hitting $115.42. 454,572 shares of the company were exchanged, compared to its average volume of 2,326,197. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market capitalization of $57.86 billion, a PE ratio of 12.37, a P/E/G ratio of 1.88 and a beta of 0.60. The company has a fifty day moving average price of $121.61 and a 200-day moving average price of $116.23. Aflac Incorporated has a 12-month low of $104.66 and a 12-month high of $130.22.

Aflac (NYSE:AFLGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The company had revenue of $4.22 billion for 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 firm’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.78 earnings per share. As a group, equities research analysts expect that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 is Wednesday, August 19th. Aflac’s dividend payout ratio (DPR) is presently 26.15%.

Analyst Ratings Changes

A number of analysts have weighed in on AFL shares. Weiss Ratings raised shares of Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, August 21st. Barclays reiterated an “underweight” rating and issued a $99.00 price objective (up from $98.00) on shares of Aflac in a research report on Friday, August 7th. Wolfe Research began coverage on Aflac in a research report on Wednesday, August 19th. They set an “underperform” rating and a $103.00 target price for the company. Wall Street Zen downgraded Aflac from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, JPMorgan Chase & Co. cut their target price on Aflac from $117.00 to $116.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Aflac presently has an average rating of “Hold” and an average target price of $116.62.

Get Our Latest Stock Analysis on AFL

Institutional Trading of Aflac

Large investors have recently made changes to their positions in the stock. Archer Investment Corp bought a new stake in shares of Aflac during the second quarter valued at approximately $26,000. Quarry LP bought a new position in shares of Aflac during the fourth quarter valued at approximately $25,000. Groupe la Francaise bought a new position in Aflac in the 1st quarter worth about $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Aflac during the second quarter valued at $27,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Aflac in the 1st quarter worth approximately $25,000. 67.44% of the stock is currently owned by institutional investors.

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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