Key Points
- Post Holdings Co. Ltd. Japan sold 17,900 Aflac shares on March 12 at an average of $109.60 (~$1.96M), part of a week-long selling spree (Mar 5–12) totaling ~110,700 shares for roughly $12.2M; after the sales it still holds 52,150,100 shares (~$5.72B), a 0.03% ownership decrease.
- Aflac recently missed quarterly expectations, reporting $1.57 EPS vs. $1.69 expected and revenue down 9.6% year-over-year, while analysts carry an average "Hold" rating with a consensus price target of $111.73.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 17,900 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $109.60, for a total value of $1,961,840.00. Following the completion of the sale, the insider owned 52,150,100 shares in the company, valued at approximately $5,715,650,960. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 Wednesday, March 11th, Post Holdings Co. Ltd. Japan sold 18,100 shares of Aflac stock. The stock was sold at an average price of $109.53, for a total value of $1,982,493.00.
- On Tuesday, March 10th, Post Holdings Co. Ltd. Japan sold 19,000 shares of Aflac stock. The shares were sold at an average price of $110.47, for a total value of $2,098,930.00.
- On Monday, March 9th, Post Holdings Co. Ltd. Japan sold 17,300 shares of Aflac stock. The stock was sold at an average price of $109.62, for a total value of $1,896,426.00.
- On Friday, March 6th, Post Holdings Co. Ltd. Japan sold 19,100 shares of Aflac stock. The stock was 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 shares were sold at an average price of $110.96, for a total value of $2,141,528.00.
Aflac Stock Performance
Shares of Aflac stock opened at $109.10 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 52 week low of $96.95 and a 52 week high of $119.32. The firm's 50 day moving average is $111.57 and its two-hundred day moving average is $110.35. The firm has a market capitalization of $56.33 billion, a P/E ratio of 15.86, a P/E/G ratio of 3.56 and a beta of 0.66.
Aflac (NYSE:AFL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.12). The company 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 firm's quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. Research analysts forecast that Aflac Incorporated will post 6.88 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Barclays set a $101.00 price objective on Aflac and gave the stock an "underweight" rating in a report on Thursday, January 8th. Morgan Stanley set a $120.00 price objective on Aflac in a research note on Monday, December 15th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Aflac in a research report on Monday, December 22nd. JPMorgan Chase & Co. lifted their target price on Aflac from $101.00 to $105.00 and gave the company a "neutral" rating in a research note on Monday, January 5th. Finally, Mizuho set a $107.00 target price on Aflac in a report on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $111.73.
View Our Latest Stock Analysis on Aflac
Institutional Investors Weigh In On Aflac
A number of hedge funds have recently added to or reduced their stakes in AFL. ProShare Advisors LLC boosted its position in shares of Aflac by 10.4% during the 3rd quarter. ProShare Advisors LLC now owns 1,731,482 shares of the financial services provider's stock worth $193,407,000 after purchasing an additional 163,791 shares in the last quarter. Wedbush Securities Inc. increased its holdings in shares of Aflac by 126.1% in the 3rd quarter. Wedbush Securities Inc. now owns 21,345 shares of the financial services provider's stock valued at $2,384,000 after purchasing an additional 11,903 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Aflac by 3.8% in the third quarter. Nordea Investment Management AB now owns 1,768,705 shares of the financial services provider's stock valued at $196,662,000 after purchasing an additional 65,308 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Aflac by 12.0% in the third quarter. Jones Financial Companies Lllp now owns 97,344 shares of the financial services provider's stock valued at $10,841,000 after purchasing an additional 10,423 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Aflac by 31.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 55,022 shares of the financial services provider's stock worth $6,146,000 after buying an additional 13,017 shares in the last quarter. 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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