Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells $1,363,560.00 in Stock

Aflac Incorporated (NYSE:AFL) major shareholder Post Holdings Co. Ltd. Japan sold 12,000 shares of the business’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $113.63, for a total value of $1,363,560.00. Following the transaction, the insider owned 50,457,390 shares of the company’s stock, valued at $5,733,473,225.70. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 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, September 24th, Post Holdings Co. Ltd. Japan sold 12,100 shares of Aflac stock. The stock was sold at an average price of $114.64, for a total transaction of $1,387,144.00.
• 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 value of $1,555,200.00.
• On Monday, September 21st, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The stock was sold at an average price of $115.49, for a total transaction 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 transaction 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 value of $1,503,882.00.
• On Wednesday, September 16th, Post Holdings Co. Ltd. Japan sold 13,800 shares of Aflac stock. The stock was sold at an average price of $117.49, for a total value of $1,621,362.00.
• On Monday, September 14th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The stock was 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 stock was sold at an average price of $114.32, for a total value of $1,520,456.00.
• On Tuesday, September 8th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The stock was sold at an average price of $115.44, for a total value of $1,569,984.00.

Aflac Price Performance

Shares of NYSE AFL traded down $0.52 during mid-day trading on Wednesday, hitting $113.14. 128,507 shares of the stock were exchanged, compared to its average volume of 2,309,807. The company has a market cap of $56.72 billion, a P/E ratio of 12.13, a PEG ratio of 1.83 and a beta of 0.59. Aflac Incorporated has a twelve month low of $105.43 and a twelve month high of $130.22. The stock’s fifty day simple moving average is $119.39 and its two-hundred day simple moving average is $116.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12.

Aflac (NYSE:AFL) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.01). The firm had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 earnings per share. As a group, analysts forecast that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were paid a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.44 annualized dividend and a dividend yield of 2.2%. Aflac’s dividend payout ratio (DPR) is currently 26.15%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Barclays reaffirmed an “underweight” rating and set a $99.00 price target (up from $98.00) on shares of Aflac in a report on Friday, August 7th. Keefe, Bruyette & Woods upped their price target on shares of Aflac from $120.00 to $125.00 and gave the company a “market perform” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lowered their price target on shares of Aflac from $117.00 to $116.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Wall Street Zen cut Aflac from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $108.00 target price (up from $100.00) on shares of Aflac in a research report on Friday, July 10th. Two equities research 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 given a Sell rating to the stock. According to MarketBeat, Aflac currently has a consensus rating of “Hold” and an average target price of $116.62.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Compound Planning Inc. raised its holdings in Aflac by 0.7% in the 1st 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 during the last quarter. Root Financial Partners LLC increased its stake in shares of Aflac by 4.5% in the 4th quarter. Root Financial Partners LLC now owns 2,119 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 92 shares during the last quarter. Studio Investment Management LLC raised its holdings in shares of Aflac by 1.3% during the 2nd quarter. Studio Investment Management LLC now owns 7,650 shares of the financial services provider’s stock worth $897,000 after acquiring an additional 96 shares during the period. Lewis Asset Management LLC grew its holdings in shares of Aflac by 2.8% during the 1st 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. Finally, Apella Capital LLC raised its holdings in Aflac by 2.7% in the 2nd quarter. Apella Capital LLC now owns 4,154 shares of the financial services provider’s stock valued at $505,000 after buying an additional 110 shares during the period. 67.44% of the stock is currently owned by institutional investors.

Aflac Company Profile

Aflac Incorporated (NYSE: AFL) is an insurance company that provides supplemental health and life insurance products to individuals, employers and groups. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with illness, injury and other qualifying events.

The company’s products include accident, cancer, critical illness, hospital indemnity, disability, dental, vision and life insurance. Aflac distributes its policies through workplace benefits programs, independent agents, brokers and other distribution channels.

Founded in 1955 as American Family Life Assurance Company of Columbus, Aflac has its headquarters in Columbus, Georgia.