Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,100 shares of the stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $114.64, for a total transaction of $1,387,144.00. Following the sale, the insider directly owned 50,481,490 shares of the company’s stock, valued at $5,787,198,013.60. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large 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 Wednesday, September 23rd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The stock was sold at an average price of $115.20, for a total transaction of $1,555,200.00.
- On Monday, September 21st, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The shares were sold at an average price of $115.49, for a total value of $1,408,978.00.
- On Friday, September 18th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The stock was sold at an average price of $116.22, for a total value of $1,487,616.00.
- On Thursday, September 17th, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The stock was sold at an average price of $116.58, for a total transaction of $1,503,882.00.
- On Wednesday, September 16th, Post Holdings Co. Ltd. Japan sold 13,800 shares of Aflac stock. The shares were sold at an average price of $117.49, for a total transaction of $1,621,362.00.
- On Monday, September 14th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $116.74, for a total value of $1,587,664.00.
- On Friday, September 11th, Post Holdings Co. Ltd. Japan sold 14,000 shares of Aflac stock. The stock was sold at an average price of $115.14, for a total transaction of $1,611,960.00.
- On Thursday, September 10th, Post Holdings Co. Ltd. Japan sold 13,300 shares of Aflac stock. The shares were sold at an average price of $114.32, for a total transaction of $1,520,456.00.
- On Tuesday, September 8th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $115.44, for a total value of $1,569,984.00.
- On Friday, September 4th, Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock. The stock was sold at an average price of $117.47, for a total value of $1,762,050.00.
Aflac Price Performance
Shares of NYSE AFL traded down $0.32 during midday trading on Monday, reaching $113.40. The company’s stock had a trading volume of 1,481,421 shares, compared to its average volume of 2,326,118. The company has a market cap of $56.85 billion, a P/E ratio of 12.15, a P/E/G ratio of 1.83 and a beta of 0.59. 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 business’s 50 day moving average price is $119.79 and its two-hundred day moving average price is $116.58. Aflac Incorporated has a fifty-two week low of $105.43 and a fifty-two week high of $130.22.
Aflac Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.44 annualized dividend and a yield of 2.2%. Aflac’s payout ratio is presently 26.15%.
Analyst Upgrades and Downgrades
Several research firms have commented on AFL. Mizuho set a $116.00 target price on Aflac in a research report on Monday, August 10th. Jefferies Financial Group reiterated a “hold” rating and set a $108.00 price target (up from $100.00) on shares of Aflac in a report on Friday, July 10th. Piper Sandler reaffirmed an “overweight” rating and set a $138.00 target price (up from $130.00) on shares of Aflac in a research report on Monday, August 10th. Barclays reaffirmed an “underweight” rating and issued a $99.00 price objective (up from $98.00) on shares of Aflac in a research note on Friday, August 7th. Finally, Wall Street Zen downgraded shares of Aflac from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aflac currently has a consensus rating of “Hold” and an average price target of $116.62.
Get Our Latest Stock Analysis on AFL
Institutional Investors Weigh In On Aflac
Institutional investors and hedge funds have recently made changes to their positions in the business. Compound Planning Inc. raised its holdings in shares of Aflac by 0.7% during the first quarter. Compound Planning Inc. now owns 13,743 shares of the financial services provider’s stock valued at $1,508,000 after acquiring an additional 91 shares in the last quarter. Root Financial Partners LLC lifted its holdings in Aflac by 4.5% in the fourth quarter. Root Financial Partners LLC now owns 2,119 shares of the financial services provider’s stock worth $234,000 after buying an additional 92 shares during the period. Studio Investment Management LLC boosted its position in Aflac by 1.3% during the 2nd quarter. Studio Investment Management LLC now owns 7,650 shares of the financial services provider’s stock valued at $897,000 after acquiring an additional 96 shares in the last quarter. Lcnb Corp raised its position in shares of Aflac by 5.1% in the 4th quarter. Lcnb Corp now owns 2,044 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 100 shares in the last quarter. Finally, Lewis Asset Management LLC grew its stake in Aflac by 2.8% in the first quarter. Lewis Asset Management LLC now owns 3,935 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.
Aflac Company Profile
Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.
Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.
Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.
Recommended Stories
- Five stocks we like better than Aflac
- Six Flags Launches FlexPay—Is There Any FUN Left in the Stock?
- Brewing Trouble? Starbucks Spills the Beans on 250 Store Closures
- Stitch Fix Stock Plunges as Guidance Puts the Turnaround on Pause
- Harley-Davidson Insiders Are Buying: Is HOG Finally Turning Around?
Receive News & Ratings for Aflac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac and related companies with MarketBeat.com's FREE daily email newsletter.
