Aflac (NYSE:AFL) Major Shareholder Post Holdings Co. Ltd. Japan Sells 17,900 Shares of Stock

Aflac Incorporated (NYSE:AFL) major shareholder Post Holdings Co. Ltd. Japan sold 17,900 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $109.60, for a total value of $1,961,840.00. Following the completion of the transaction, the insider owned 52,150,100 shares in the company, valued at $5,715,650,960. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more 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 Wednesday, March 11th, Post Holdings Co. Ltd. Japan sold 18,100 shares of Aflac stock. The stock was sold at an average price of $109.53, for a total value of $1,982,493.00.
• On Tuesday, March 10th, Post Holdings Co. Ltd. Japan sold 19,000 shares of Aflac stock. The stock was sold at an average price of $110.47, for a total value of $2,098,930.00.
• On Monday, March 9th, Post Holdings Co. Ltd. Japan sold 17,300 shares of Aflac stock. The shares were sold at an average price of $109.62, for a total value of $1,896,426.00.
• On Friday, March 6th, Post Holdings Co. Ltd. Japan sold 19,100 shares of Aflac stock. The shares were sold at an average price of $110.77, for a total value of $2,115,707.00.
• On Thursday, March 5th, Post Holdings Co. Ltd. Japan sold 19,300 shares of Aflac stock. The stock was sold at an average price of $110.96, for a total value of $2,141,528.00.

Aflac Stock Up 0.4%

Shares of NYSE:AFL opened at $109.10 on Tuesday. The business has a 50-day moving average price of $111.57 and a 200 day moving average price of $110.35. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $56.33 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 3.56 and a beta of 0.66. Aflac Incorporated has a 12-month low of $96.95 and a 12-month high of $119.32.

Aflac (NYSE:AFL) last posted its earnings results on Wednesday, February 4th. The financial services provider reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.12). The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.45 billion. Aflac had a net margin of 21.24% and a return on equity of 14.35%. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 EPS. Sell-side analysts expect that Aflac Incorporated will post 6.88 EPS for the current year.

Wall Street Analyst Weigh In

AFL has been the topic of a number of research analyst reports. Barclays set a $101.00 target price on Aflac and gave the company an “underweight” rating in a research report on Thursday, January 8th. Wall Street Zen cut Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aflac in a report on Monday, December 22nd. Morgan Stanley set a $120.00 target price on Aflac in a research note on Monday, December 15th. Finally, JPMorgan Chase & Co. raised their target price on Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.73.

Institutional Trading of Aflac

Large investors have recently made changes to their positions in the company. True Wealth Design LLC raised its holdings in Aflac by 188.5% in the third quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares in the last quarter. Quarry LP acquired a new position in Aflac during the 4th quarter worth approximately $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Aflac in the 4th quarter valued at approximately $29,000. Navalign LLC acquired a new stake in shares of Aflac in the 4th quarter valued at $32,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Aflac in the 2nd quarter valued at $33,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

About Aflac

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.