Key Points
- Insider selling: Major shareholder Post Holdings Co. Ltd. Japan sold 15,000 Aflac shares on March 23 at an average price of $106.78 for $1.6017M, part of a string of daily sales throughout March.
- After the sale Post Holdings still directly owns 52,046,800 shares of Aflac valued at about $5.56 billion, a trivial 0.03% decrease in their stake.
- Aflac recently missed quarterly estimates (EPS $1.57 vs. $1.69 expected; revenue $4.28B vs. $4.45B) and carries a consensus analyst rating of "Hold" with an average target price of $111.73.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $106.78, for a total transaction of $1,601,700.00. Following the completion of the sale, the insider directly owned 52,046,800 shares of the company's stock, valued at $5,557,557,304. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major 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 20th, Post Holdings Co. Ltd. Japan sold 16,800 shares of Aflac stock. The shares were sold at an average price of $106.47, for a total value of $1,788,696.00.
- On Thursday, March 19th, Post Holdings Co. Ltd. Japan sold 10,100 shares of Aflac stock. The stock was sold at an average price of $107.41, for a total value of $1,084,841.00.
- On Wednesday, March 18th, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The stock was sold at an average price of $108.43, for a total value of $1,322,846.00.
- On Tuesday, March 17th, Post Holdings Co. Ltd. Japan sold 15,700 shares of Aflac stock. The shares were sold at an average price of $109.77, for a total value of $1,723,389.00.
- 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 value of $1,899,036.00.
- On Thursday, March 12th, Post Holdings Co. Ltd. Japan sold 17,900 shares of Aflac stock. The stock was sold at an average price of $109.60, for a total value 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 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 shares were sold at an average price of $109.62, for a total transaction 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.
Aflac Price Performance
AFL opened at $107.13 on Thursday. The company's 50 day simple moving average is $111.22 and its 200 day simple moving average is $110.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. Aflac Incorporated has a 1 year low of $96.95 and a 1 year high of $119.32. The stock has a market capitalization of $55.19 billion, a PE ratio of 15.57, a P/E/G ratio of 3.48 and a beta of 0.66.
Aflac (NYSE:AFL - Get Free Report) last released its earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.69 by ($0.12). Aflac had a net margin of 21.24% and a return on equity of 14.35%. The company had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.45 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. 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 year.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Mizuho set a $107.00 price objective on Aflac in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their target price on Aflac from $101.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, January 5th. Weiss Ratings reissued a "buy (b+)" rating on shares of Aflac in a research report on Monday, December 22nd. Morgan Stanley set a $120.00 price target on Aflac in a research note on Monday, December 15th. Finally, Raymond James Financial restated an "outperform" rating and issued a $119.00 price objective (up from $110.00) on shares of Aflac in a report on Tuesday, December 30th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $111.73.
Read Our Latest Analysis on AFL
Institutional Trading of Aflac
Large investors have recently modified their holdings of the business. J. Derek Lewis & Associates Inc. purchased a new position in Aflac in the fourth quarter valued at about $263,000. Hsbc Holdings PLC increased its holdings in Aflac by 5.8% during the 4th quarter. Hsbc Holdings PLC now owns 1,061,308 shares of the financial services provider's stock worth $117,186,000 after purchasing an additional 58,018 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Aflac by 1.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 342,092 shares of the financial services provider's stock valued at $37,722,000 after purchasing an additional 3,736 shares in the last quarter. World Investment Advisors raised its position in shares of Aflac by 59.8% in the 4th quarter. World Investment Advisors now owns 6,298 shares of the financial services provider's stock valued at $694,000 after purchasing an additional 2,357 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of Aflac during the 4th quarter valued at approximately $29,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.
About Aflac
(
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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