Post Holdings Co. Ltd. Japan Sells 19,100 Shares of Aflac (NYSE:AFL) Stock

Aflac Incorporated (NYSE:AFL) major shareholder Post Holdings Co. Ltd. Japan sold 19,100 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $110.77, for a total value of $2,115,707.00. Following the transaction, the insider directly owned 52,222,400 shares in the company, valued at approximately $5,784,675,248. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares 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, 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 value of $1,896,426.00.
• On Thursday, March 5th, Post Holdings Co. Ltd. Japan sold 19,300 shares of Aflac stock. The shares were sold at an average price of $110.96, for a total value of $2,141,528.00.

Aflac Trading Down 0.9%

NYSE AFL opened at $109.32 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 52 week low of $96.95 and a 52 week high of $119.32. The business has a 50 day moving average price of $111.68 and a 200-day moving average price of $110.29. The company has a market cap of $56.45 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 3.61 and a beta of 0.66.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AFL shares. Barclays set a $101.00 price objective on shares of Aflac and gave the company an “underweight” rating in a report on Thursday, January 8th. TD Cowen reaffirmed a “hold” rating on shares of Aflac in a research report on Monday, December 22nd. JPMorgan Chase & Co. lifted their price target on Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Mizuho set a $107.00 price objective on Aflac in a report on Monday, February 9th. Finally, Wells Fargo & Company increased their price objective on Aflac from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $111.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AFL. Brighton Jones LLC grew its holdings in shares of Aflac by 64.4% in the fourth quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after acquiring an additional 5,708 shares in the last quarter. Bison Wealth LLC boosted its position in Aflac by 4.3% in the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 183 shares during the last quarter. Savant Capital LLC grew its stake in Aflac by 5.4% in the 2nd quarter. Savant Capital LLC now owns 18,137 shares of the financial services provider’s stock valued at $1,913,000 after purchasing an additional 930 shares during the period. Penserra Capital Management LLC increased its position in shares of Aflac by 9.3% during the 2nd quarter. Penserra Capital Management LLC now owns 2,716 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 230 shares during the last quarter. Finally, RWA Wealth Partners LLC increased its position in shares of Aflac by 3.2% during the 2nd quarter. RWA Wealth Partners LLC now owns 12,512 shares of the financial services provider’s stock valued at $1,319,000 after purchasing an additional 393 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Aflac Company Profile

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.