Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells $1,593,270.00 in Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,500 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $118.02, for a total transaction of $1,593,270.00. Following the transaction, the insider directly owned 50,778,290 shares in the company, valued at approximately $5,992,853,785.80. This represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sales and purchases with the SEC.

Post Holdings Co. Ltd. Japan also recently made the following trade(s):

  • On Friday, August 21st, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The stock was sold at an average price of $116.28, for a total transaction of $1,500,012.00.
  • On Thursday, August 20th, Post Holdings Co. Ltd. Japan sold 13,100 shares of Aflac stock. The shares were 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 shares were 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 shares were 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 shares were 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 stock was sold at an average price of $116.71, for a total value 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 value of $385,836.00.
  • On Wednesday, June 17th, Post Holdings Co. Ltd. Japan sold 26,300 shares of Aflac stock. The shares were sold at an average price of $116.62, for a total value of $3,067,106.00.

Aflac Trading Up 0.9%

AFL stock traded up $1.07 during midday trading on Wednesday, hitting $117.25. The company had a trading volume of 295,386 shares, compared to its average volume of 2,321,172. The stock has a market cap of $58.78 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.91 and a beta of 0.60. Aflac Incorporated has a 52 week low of $104.66 and a 52 week high of $130.22. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $121.56 and its 200 day moving average price is $116.21.

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

Aflac Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Aflac’s dividend payout ratio (DPR) is 26.15%.

Institutional Trading of Aflac

Hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC increased its stake in shares of Aflac by 5.1% in the 2nd quarter. HighTower Advisors LLC now owns 884,735 shares of the financial services provider’s stock worth $103,735,000 after acquiring an additional 42,749 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Aflac during the second quarter worth about $1,899,000. California State Teachers Retirement System grew its holdings in Aflac by 11,094.0% in the second quarter. California State Teachers Retirement System now owns 86,458,157 shares of the financial services provider’s stock worth $10,137,219,000 after purchasing an additional 85,685,796 shares during the period. Studio Investment Management LLC grew its holdings in Aflac by 1.3% in the second quarter. Studio Investment Management LLC now owns 7,650 shares of the financial services provider’s stock worth $897,000 after purchasing an additional 96 shares during the period. Finally, Washington Trust Advisors Inc. bought a new position in shares of Aflac during the second quarter valued at approximately $29,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AFL shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $108.00 price objective (up from $100.00) on shares of Aflac in a research note on Friday, July 10th. JPMorgan Chase & Co. reduced their price target on Aflac from $117.00 to $116.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. UBS Group reaffirmed a “neutral” rating and set a $124.00 price target (up from $114.00) on shares of Aflac in a research report on Wednesday, July 8th. Piper Sandler reiterated an “overweight” rating and issued a $138.00 price objective (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Finally, Wells Fargo & Company set a $122.00 price objective on Aflac and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Aflac presently has an average rating of “Hold” and an average target price of $116.62.

Read Our Latest Research Report on AFL

Aflac Company Profile

(Get Free Report)

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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