Key Points
- Post Holdings Co. Ltd. Japan sold 15,700 Aflac shares on March 17 at an average of $109.77 for $1.72M, part of a string of March disposals that trimmed its stake by 0.03% to 52,100,900 shares (valued about $5.72B).
- Aflac reported quarterly EPS of $1.57, missing the $1.69 consensus, and revenue fell 9.6% year-over-year, indicating recent top-line weakness.
- The stock trades around $107 with a consensus analyst rating of Hold and a consensus target price of $111.73 (3 Buys, 6 Holds, 3 Sells).
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 15,700 shares of the company's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $109.77, for a total transaction of $1,723,389.00. Following the completion of the transaction, the insider owned 52,100,900 shares of the company's stock, valued at $5,719,115,793. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major 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 Friday, March 13th, Post Holdings Co. Ltd. Japan sold 17,400 shares of Aflac stock. The shares were sold at an average price of $109.14, for a total transaction of $1,899,036.00.
- On Thursday, March 12th, Post Holdings Co. Ltd. Japan sold 17,900 shares of Aflac stock. The shares were sold at an average price of $109.60, for a total transaction of $1,961,840.00.
- 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 transaction 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 shares were 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 transaction 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 transaction of $2,141,528.00.
Aflac Trading Down 0.7%
Shares of NYSE AFL opened at $107.21 on Friday. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $119.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a 50-day moving average of $111.42 and a 200 day moving average of $110.33. The stock has a market cap of $55.36 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 3.53 and a beta of 0.66.
Aflac (NYSE:AFL - Get Free Report) last announced its quarterly earnings data 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). Aflac had a return on equity of 14.35% and a net margin of 21.24%.The business had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.45 billion. During the same quarter last year, the company posted $1.57 EPS. Aflac's revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, sell-side analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal year.
Analysts Set New Price Targets
AFL has been the subject of a number of analyst reports. TD Cowen reaffirmed a "hold" rating on shares of Aflac in a research report on Monday, December 22nd. Mizuho set a $107.00 target price on Aflac in a report on Monday, February 9th. Morgan Stanley set a $120.00 target price on Aflac in a research note on Monday, December 15th. Wells Fargo & Company raised their price target on Aflac from $109.00 to $118.00 and gave the company an "equal weight" rating in a report on Wednesday, February 25th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $119.00 price target (up from $110.00) on shares of Aflac in a research report on Tuesday, December 30th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $111.73.
Get Our Latest Stock Analysis on AFL
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Aflac by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider's stock valued at $6,301,056,000 after acquiring an additional 6,759,169 shares during the period. Dimensional Fund Advisors LP increased its position in Aflac by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,483,205 shares of the financial services provider's stock valued at $494,385,000 after acquiring an additional 69,025 shares during the last quarter. Invesco Ltd. grew its stake in shares of Aflac by 16.7% during the 2nd quarter. Invesco Ltd. now owns 4,167,886 shares of the financial services provider's stock valued at $439,545,000 after purchasing an additional 594,971 shares during the period. Norges Bank bought a new position in shares of Aflac in the 2nd quarter worth approximately $432,201,000. Finally, Legal & General Group Plc boosted its holdings in shares of Aflac by 0.3% in the third quarter. Legal & General Group Plc now owns 3,926,777 shares of the financial services provider's stock worth $438,621,000 after buying an additional 13,666 shares during the last quarter. Hedge funds and other institutional investors 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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