Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 24,200 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $115.36, for a total value of $2,791,712.00. Following the transaction, the insider owned 51,564,345 shares in the company, valued at $5,948,462,839.20. This trade represents a 0.05% decrease in their ownership of the stock. The transaction 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 stock are required to disclose their transactions with the SEC.
Post Holdings Co. Ltd. Japan also recently made the following trade(s):
- On Tuesday, May 12th, Post Holdings Co. Ltd. Japan sold 24,300 shares of Aflac stock. The stock was sold at an average price of $115.97, for a total value of $2,818,071.00.
- On Monday, May 11th, Post Holdings Co. Ltd. Japan sold 24,100 shares of Aflac stock. The stock was sold at an average price of $114.85, for a total value of $2,767,885.00.
- On Thursday, April 9th, Post Holdings Co. Ltd. Japan sold 86,155 shares of Aflac stock. The stock was sold at an average price of $113.24, for a total value of $9,756,192.20.
- On Wednesday, April 8th, Post Holdings Co. Ltd. Japan sold 166,000 shares of Aflac stock. The shares were sold at an average price of $112.38, for a total value of $18,655,080.00.
- On Tuesday, April 7th, Post Holdings Co. Ltd. Japan sold 24,200 shares of Aflac stock. The shares were sold at an average price of $110.45, for a total value of $2,672,890.00.
- 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 value of $2,372,310.00.
- On Thursday, April 2nd, Post Holdings Co. Ltd. Japan sold 20,100 shares of Aflac stock. The shares were sold at an average price of $110.20, for a total value of $2,215,020.00.
- 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 value 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 value 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 value of $1,601,700.00.
Aflac Stock Up 0.6%
Shares of NYSE AFL traded up $0.68 during mid-day trading on Friday, hitting $117.07. The company had a trading volume of 302,017 shares, compared to its average volume of 2,293,903. The company has a market capitalization of $59.59 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. Aflac Incorporated has a 1-year low of $96.95 and a 1-year high of $119.32. The business’s 50-day simple moving average is $111.65 and its 200 day simple moving average is $111.22.
Aflac Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, May 20th. Aflac’s dividend payout ratio is 27.70%.
Hedge Funds Weigh In On Aflac
A number of hedge funds and other institutional investors have recently made changes to their positions in AFL. Whipplewood Advisors LLC purchased a new position in shares of Aflac during the first quarter worth about $25,000. Quarry LP purchased a new position in shares of Aflac during the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Aflac during the fourth quarter worth about $29,000. Evergreen Advisors LLC purchased a new position in shares of Aflac during the first quarter worth about $29,000. Finally, Navalign LLC purchased a new position in shares of Aflac during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.
Analysts Set New Price Targets
AFL has been the topic of several recent analyst reports. Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays set a $99.00 target price on Aflac and gave the company an “underweight” rating in a report on Thursday, April 30th. Wells Fargo & Company dropped their target price on Aflac from $116.00 to $111.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 5th. Piper Sandler dropped their target price on Aflac from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, Evercore raised Aflac from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $111.36.
Check Out Our Latest Research Report on AFL
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.
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