Key Points
- Major shareholder Post Holdings Co. Ltd. Japan sold 17,300 Aflac shares on March 9 at an average price of $109.62 for $1,896,426, and also sold ~38,400 shares on March 5–6, trimming its stake by 0.03% to 52,205,100 shares (valued at about $5.72B).
- Aflac missed quarterly expectations, reporting $1.57 EPS versus $1.69 expected and revenue down 9.6% year-over-year, while the stock trades near $109 with a market cap of $56.45B and a P/E of ~15.9.
- Analyst sentiment is mixed, with a MarketBeat consensus rating of "Hold" and an average target price of $111.73 (3 Buys, 6 Holds, 3 Sells reported).
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 17,300 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $109.62, for a total transaction of $1,896,426.00. Following the sale, the insider owned 52,205,100 shares of the company's stock, valued at $5,722,723,062. This represents a 0.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Friday, March 6th, Post Holdings Co. Ltd. Japan sold 19,100 shares of Aflac stock. The shares were sold at an average price of $110.77, for a total value of $2,115,707.00.
- On Thursday, March 5th, Post Holdings Co. Ltd. Japan sold 19,300 shares of Aflac stock. The stock was sold at an average price of $110.96, for a total value of $2,141,528.00.
Aflac Price Performance
AFL stock opened at $109.32 on Thursday. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $119.32. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock has a market cap of $56.45 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 3.61 and a beta of 0.66. The business has a fifty day moving average of $111.68 and a two-hundred day moving average of $110.29.
Aflac (NYSE:AFL - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $1.69 by ($0.12). The business had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4.45 billion. Aflac had a return on equity of 14.35% and a net margin of 21.24%.The business's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 earnings per share. As a group, research analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on AFL shares. Wall Street Zen cut shares of Aflac from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Raymond James Financial reaffirmed an "outperform" rating and set a $119.00 price objective (up from $110.00) on shares of Aflac in a research report on Tuesday, December 30th. Wells Fargo & Company lifted their target price on shares of Aflac from $109.00 to $118.00 and gave the company an "equal weight" rating in a report on Wednesday, February 25th. Barclays set a $101.00 target price on Aflac and gave the company an "underweight" rating in a research report on Thursday, January 8th. Finally, Weiss Ratings restated a "buy (b+)" rating on shares of Aflac in a research note on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $111.73.
Read Our Latest Report on Aflac
Institutional Trading of Aflac
Hedge funds have recently made changes to their positions in the business. True Wealth Design LLC grew its holdings in shares of Aflac by 188.5% in the third quarter. True Wealth Design LLC now owns 225 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. Quarry LP acquired a new stake in Aflac during the 4th quarter worth approximately $25,000. Navalign LLC acquired a new stake in Aflac during the 4th quarter worth approximately $32,000. Darwin Wealth Management LLC purchased a new position in Aflac in the 2nd quarter valued at approximately $33,000. Finally, Activest Wealth Management boosted its position in Aflac by 95.6% in the 4th quarter. Activest Wealth Management now owns 311 shares of the financial services provider's stock valued at $34,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 67.44% of the company's stock.
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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