Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells $1,469,160.00 in Stock

Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,200 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $111.30, for a total value of $1,469,160.00. Following the sale, the insider owned 50,420,190 shares in the company, valued at approximately $5,611,767,147. The trade was a 0.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock are required to disclose their transactions with the SEC.

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

  • On Thursday, October 1st, Post Holdings Co. Ltd. Japan sold 11,900 shares of Aflac stock. The stock was sold at an average price of $111.18, for a total transaction of $1,323,042.00.
  • On Tuesday, September 29th, Post Holdings Co. Ltd. Japan sold 12,100 shares of Aflac stock. The stock was sold at an average price of $113.36, for a total transaction of $1,371,656.00.
  • On Monday, September 28th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The stock was sold at an average price of $113.63, for a total value of $1,363,560.00.
  • On Thursday, September 24th, Post Holdings Co. Ltd. Japan sold 12,100 shares of Aflac stock. The stock was sold at an average price of $114.64, for a total value of $1,387,144.00.
  • On Wednesday, September 23rd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The shares were sold at an average price of $115.20, for a total value of $1,555,200.00.
  • On Monday, September 21st, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The stock was sold at an average price of $115.49, for a total transaction of $1,408,978.00.
  • On Friday, September 18th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $116.22, for a total value of $1,487,616.00.
  • On Thursday, September 17th, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The stock was sold at an average price of $116.58, for a total value of $1,503,882.00.
  • On Wednesday, September 16th, Post Holdings Co. Ltd. Japan sold 13,800 shares of Aflac stock. The stock was sold at an average price of $117.49, for a total value of $1,621,362.00.
  • On Monday, September 14th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $116.74, for a total value of $1,587,664.00.

Aflac Price Performance

Shares of NYSE AFL traded up $1.16 during midday trading on Tuesday, hitting $113.54. 215,272 shares of the company’s stock were exchanged, compared to its average volume of 2,298,695. 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 business’s fifty day moving average price is $118.32 and its two-hundred day moving average price is $116.71. The company has a market cap of $56.92 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.80 and a beta of 0.56. Aflac Incorporated has a 12-month low of $105.43 and a 12-month high of $130.22.

Aflac (NYSE:AFL – Get Free Report) last announced 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 net margin of 26.91% and a return on equity of 13.27%. The company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, research analysts forecast that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Announces Dividend

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

Analyst Upgrades and Downgrades

AFL has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on Aflac from $117.00 to $116.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Wolfe Research assumed coverage on Aflac in a research note on Wednesday, August 19th. They issued an “underperform” rating and a $103.00 price target on the stock. Wells Fargo & Company set a $122.00 price objective on Aflac and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Weiss Ratings raised Aflac from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, September 22nd. Finally, Barclays restated an “underweight” rating and issued a $99.00 target price (up from $98.00) on shares of Aflac in a report on Friday, August 7th. 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.69.

View Our Latest Report on Aflac

Institutional Investors Weigh In On Aflac

A number of large investors have recently made changes to their positions in the business. Whipplewood Advisors LLC purchased a new position in shares of Aflac during the first quarter valued at approximately $25,000. Groupe la Francaise purchased a new position in Aflac during the 1st quarter valued at $25,000. Archer Investment Corp bought a new position in Aflac in the 2nd quarter worth $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Aflac in the 2nd quarter worth about $27,000. Finally, Nalls Sherbakoff Group LLC purchased a new stake in shares of Aflac in the 4th quarter worth about $29,000. 67.44% of the stock is currently owned by institutional investors.

About Aflac

(Get Free Report)

Aflac Incorporated (NYSE: AFL) is an insurance company that provides supplemental health and life insurance products to individuals, employers and groups. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with illness, injury and other qualifying events.

The company’s products include accident, cancer, critical illness, hospital indemnity, disability, dental, vision and life insurance. Aflac distributes its policies through workplace benefits programs, independent agents, brokers and other distribution channels.

Founded in 1955 as American Family Life Assurance Company of Columbus, Aflac has its headquarters in Columbus, Georgia.

See Also

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

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