Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,900 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $116.28, for a total transaction of $1,500,012.00. Following the completion of the sale, the insider owned 50,791,790 shares in the company, valued at $5,906,069,341.20. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Thursday, August 20th, Post Holdings Co. Ltd. Japan sold 13,100 shares of Aflac stock. The stock was sold at an average price of $116.60, for a total transaction of $1,527,460.00.
- On Wednesday, August 19th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $117.05, for a total transaction of $1,486,535.00.
- On Tuesday, August 18th, Post Holdings Co. Ltd. Japan sold 14,200 shares of Aflac stock. The stock was sold at an average price of $121.94, for a total value of $1,731,548.00.
- On Monday, August 17th, Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock. The stock was sold at an average price of $121.33, for a total value of $1,686,487.00.
- On Friday, August 14th, Post Holdings Co. Ltd. Japan sold 14,100 shares of Aflac stock. The shares were sold at an average price of $121.43, for a total value of $1,712,163.00.
- On Thursday, August 13th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was sold at an average price of $121.09, for a total value of $1,574,170.00.
- On Monday, June 22nd, Post Holdings Co. Ltd. Japan sold 27,845 shares of Aflac stock. The shares were sold at an average price of $116.71, for a total transaction of $3,249,789.95.
- On Thursday, June 18th, Post Holdings Co. Ltd. Japan sold 3,300 shares of Aflac stock. The stock was sold at an average price of $116.92, for a total transaction of $385,836.00.
- On Wednesday, June 17th, Post Holdings Co. Ltd. Japan sold 26,300 shares of Aflac stock. The stock was sold at an average price of $116.62, for a total transaction of $3,067,106.00.
- On Tuesday, June 16th, Post Holdings Co. Ltd. Japan sold 30,000 shares of Aflac stock. The stock was sold at an average price of $117.39, for a total transaction of $3,521,700.00.
Aflac Trading Down 1.0%
Shares of NYSE:AFL traded down $1.20 during trading on Tuesday, reaching $117.00. The stock had a trading volume of 209,385 shares, compared to its average volume of 2,323,538. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $58.66 billion, a P/E ratio of 12.54, a PEG ratio of 1.87 and a beta of 0.60. The business has a fifty day moving average price of $121.58 and a 200-day moving average price of $116.19. Aflac Incorporated has a fifty-two week low of $104.66 and a fifty-two week high of $130.22.
Aflac Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Aflac’s dividend payout ratio is currently 26.15%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its holdings in shares of Aflac by 11,094.0% in the 2nd quarter. California State Teachers Retirement System now owns 86,458,157 shares of the financial services provider’s stock valued at $10,137,219,000 after acquiring an additional 85,685,796 shares during the last quarter. Studio Investment Management LLC lifted its holdings in shares of Aflac by 1.3% in the second quarter. Studio Investment Management LLC now owns 7,650 shares of the financial services provider’s stock valued at $897,000 after buying an additional 96 shares during the period. Washington Trust Advisors Inc. bought a new position in Aflac during the second quarter valued at about $29,000. HB Wealth Management LLC raised its position in Aflac by 7.1% in the second quarter. HB Wealth Management LLC now owns 71,812 shares of the financial services provider’s stock worth $8,420,000 after acquiring an additional 4,736 shares in the last quarter. Finally, Nilsine Partners LLC lifted its holdings in Aflac by 4.0% in the 2nd quarter. Nilsine Partners LLC now owns 9,969 shares of the financial services provider’s stock valued at $1,169,000 after acquiring an additional 381 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.
Wall Street Analysts Forecast Growth
AFL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Aflac from $117.00 to $116.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. UBS Group restated a “neutral” rating and issued a $124.00 price target (up from $114.00) on shares of Aflac in a report on Wednesday, July 8th. Piper Sandler reiterated an “overweight” rating and set a $138.00 price objective (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Wall Street Zen cut shares of Aflac from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Wells Fargo & Company set a $122.00 target price on shares of Aflac and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.62.
Read Our Latest Report on Aflac
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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