Aflac (NYSE:AFL) Major Shareholder Post Holdings Co. Ltd. Japan Sells 13,600 Shares

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,600 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $116.74, for a total transaction of $1,587,664.00. Following the sale, the insider directly owned 50,584,590 shares of the company’s stock, valued at approximately $5,905,245,036.60. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major 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 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 transaction of $1,520,456.00.
  • On Tuesday, September 8th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $115.44, for a total transaction of $1,569,984.00.
  • 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 stock was 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 shares were sold at an average price of $117.19, for a total value 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 stock was 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 stock was 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 shares were sold at an average price of $116.67, for a total value of $1,481,709.00.

Aflac Stock Up 0.4%

NYSE AFL traded up $0.53 during trading on Wednesday, hitting $118.08. The company’s stock had a trading volume of 218,466 shares, compared to its average volume of 2,310,797. Aflac Incorporated has a fifty-two week low of $105.43 and a fifty-two week high of $130.22. The company has a market cap of $59.20 billion, a PE ratio of 12.64, a P/E/G ratio of 1.89 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The business’s 50 day simple moving average is $120.93 and its 200-day simple moving average is $116.41.

Aflac (NYSE:AFLGet Free Report) last posted its quarterly earnings data 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). The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 EPS. On average, equities analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued 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 dividend payout ratio (DPR) is 26.15%.

Institutional Investors Weigh In On Aflac

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Aflac in the 2nd quarter worth approximately $4,093,787,000. Norges Bank acquired a new position in Aflac during the fourth quarter worth $420,078,000. Legal & General Group Plc purchased a new stake in Aflac in the 2nd quarter valued at $404,639,000. Bank of New York Mellon Corp purchased a new stake in Aflac in the 2nd quarter valued at $298,418,000. Finally, Bank of America Corp DE acquired a new stake in shares of Aflac in the 2nd quarter worth $244,516,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Piper Sandler restated an “overweight” rating and issued a $138.00 price objective (up from $130.00) on shares of Aflac in a research report on Monday, August 10th. UBS Group reiterated 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. 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. TD Cowen restated a “hold” rating and set a $110.00 price target (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. Finally, Morgan Stanley lifted their price objective on shares of Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Aflac presently has an average rating of “Hold” and a consensus price target of $116.62.

Read Our Latest Stock Report on AFL

About Aflac

(Get Free Report)

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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Insider Buying and Selling by Quarter for Aflac (NYSE:AFL)

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