Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $115.44, for a total transaction of $1,569,984.00. Following the completion of the transaction, the insider directly owned 50,625,490 shares in the company, valued at approximately $5,844,206,565.60. The trade was a 0.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares 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, September 4th, Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock. The shares were sold at an average price of $117.47, for a total transaction of $1,762,050.00.
- On Thursday, September 3rd, Post Holdings Co. Ltd. Japan sold 20,000 shares of Aflac stock. The shares were sold at an average price of $118.49, for a total transaction of $2,369,800.00.
- On Wednesday, September 2nd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The stock was sold at an average price of $117.19, for a total transaction of $1,582,065.00.
- On Tuesday, September 1st, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The stock was sold at an average price of $115.77, for a total value of $1,481,856.00.
- On Monday, August 31st, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $116.00, for a total value of $1,473,200.00.
- On Friday, August 28th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The shares were sold at an average price of $116.52, for a total value of $1,514,760.00.
- On Thursday, August 27th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.67, for a total value of $1,481,709.00.
- On Wednesday, August 26th, Post Holdings Co. Ltd. Japan sold 13,200 shares of Aflac stock. The stock was sold at an average price of $117.35, for a total value of $1,549,020.00.
- On Tuesday, August 25th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $116.49, for a total value of $1,479,423.00.
- On Monday, August 24th, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The shares were sold at an average price of $118.02, for a total value of $1,593,270.00.
Aflac Price Performance
Shares of NYSE AFL opened at $115.28 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $57.79 billion, a PE ratio of 12.36, a P/E/G ratio of 1.85 and a beta of 0.59. The business has a 50-day simple moving average of $121.08 and a two-hundred day simple moving average of $116.31. Aflac Incorporated has a fifty-two week low of $105.43 and a fifty-two week high of $130.22.
Aflac Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Aflac’s payout ratio is currently 26.15%.
Wall Street Analyst Weigh In
AFL has been the subject of a number of research analyst reports. Wells Fargo & Company set a $122.00 price target on shares of Aflac and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Weiss Ratings lowered shares of Aflac from a “buy (a-)” rating to a “buy (b)” rating in a report on Wednesday. Jefferies Financial Group reissued 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. UBS Group restated a “neutral” rating and issued a $124.00 target price (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. Finally, Wall Street Zen downgraded Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $116.62.
Read Our Latest Report on Aflac
Institutional Trading of Aflac
Large investors have recently made changes to their positions in the business. California State Teachers Retirement System raised its holdings in shares of Aflac by 11,094.0% during 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 last quarter. BlackRock Inc. purchased a new stake in Aflac in the second quarter valued at $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aflac by 27.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,201,217 shares of the financial services provider’s stock valued at $609,843,000 after purchasing an additional 1,132,091 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Aflac by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock worth $499,216,000 after purchasing an additional 67,650 shares during the period. Finally, Norges Bank acquired a new stake in Aflac during the 4th quarter worth about $420,078,000. 67.44% of the stock is owned by hedge funds and other institutional investors.
About Aflac
Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.
Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.
Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.
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