Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 16,300 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $115.19, for a total transaction of $1,877,597.00. Following the sale, the insider directly owned 51,248,735 shares of the company’s stock, valued at approximately $5,903,341,784.65. This represents a 0.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% 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 Tuesday, June 2nd, Post Holdings Co. Ltd. Japan sold 9,750 shares of Aflac stock. The shares were sold at an average price of $113.39, for a total transaction of $1,105,552.50.
- On Monday, June 1st, Post Holdings Co. Ltd. Japan sold 9,060 shares of Aflac stock. The shares were sold at an average price of $112.53, for a total transaction of $1,019,521.80.
- On Friday, May 29th, Post Holdings Co. Ltd. Japan sold 9,200 shares of Aflac stock. The shares were sold at an average price of $112.75, for a total transaction of $1,037,300.00.
- On Thursday, May 28th, Post Holdings Co. Ltd. Japan sold 9,100 shares of Aflac stock. The shares were sold at an average price of $113.22, for a total transaction of $1,030,302.00.
- On Wednesday, May 27th, Post Holdings Co. Ltd. Japan sold 11,400 shares of Aflac stock. The shares were sold at an average price of $115.50, for a total transaction of $1,316,700.00.
- On Tuesday, May 26th, Post Holdings Co. Ltd. Japan sold 18,000 shares of Aflac stock. The shares were sold at an average price of $117.03, for a total transaction of $2,106,540.00.
- On Friday, May 22nd, Post Holdings Co. Ltd. Japan sold 31,100 shares of Aflac stock. The shares were sold at an average price of $117.78, for a total transaction of $3,662,958.00.
- On Thursday, May 21st, Post Holdings Co. Ltd. Japan sold 30,400 shares of Aflac stock. The shares were sold at an average price of $117.61, for a total transaction of $3,575,344.00.
- On Wednesday, May 20th, Post Holdings Co. Ltd. Japan sold 31,600 shares of Aflac stock. The shares were sold at an average price of $117.66, for a total transaction of $3,718,056.00.
- On Tuesday, May 19th, Post Holdings Co. Ltd. Japan sold 50,000 shares of Aflac stock. The shares were sold at an average price of $118.80, for a total transaction of $5,940,000.00.
Aflac Price Performance
NYSE AFL opened at $118.37 on Friday. Aflac Incorporated has a 52 week low of $96.95 and a 52 week high of $119.81. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26. The stock has a market cap of $60.25 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. The company has a 50-day moving average price of $113.89 and a two-hundred day moving average price of $111.80.
Aflac Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were given a $0.61 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 annualized dividend and a yield of 2.1%. Aflac’s dividend payout ratio is 27.70%.
Wall Street Analysts Forecast Growth
Several research firms have commented on AFL. Mizuho set a $104.00 target price on shares of Aflac in a research report on Monday, May 4th. Keefe, Bruyette & Woods upped their target price on shares of Aflac from $113.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, April 10th. Barclays set a $99.00 target price on shares of Aflac and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Piper Sandler restated an “overweight” rating and issued a $130.00 target price (up from $125.00) on shares of Aflac in a research report on Tuesday, May 26th. Finally, Morgan Stanley upped their target price on shares of Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $112.27.
Read Our Latest Stock Report on AFL
Institutional Trading of Aflac
Institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Aflac in the 4th quarter worth approximately $25,000. Groupe la Francaise acquired a new position in Aflac during the first quarter worth about $25,000. Whipplewood Advisors LLC acquired a new position in Aflac during the first quarter worth about $25,000. Nalls Sherbakoff Group LLC acquired a new position in Aflac during the fourth quarter worth about $29,000. Finally, Evergreen Advisors LLC acquired a new position in Aflac during the first quarter worth about $29,000. 67.44% of the stock is owned by institutional investors and hedge funds.
About Aflac
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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