Aflac (NYSE:AFL) Major Shareholder Sells $2,106,540.00 in Stock

Key Points

  • Major shareholder Post Holdings Co. Ltd. Japan sold 18,000 Aflac shares for about $2.11 million in a pre-arranged Rule 10b5-1 transaction. The sale left the investor with more than 51.3 million shares, a very small reduction in its overall stake.
  • Post Holdings has been actively trimming its Aflac position, with multiple sales in the days leading up to May 26. The recent transactions total several hundred thousand shares and appear to be part of a planned selling program.
  • Aflac’s fundamentals remain mixed: the company recently missed quarterly EPS estimates but topped revenue expectations, and it also declared a $0.61 quarterly dividend payable June 1. Analysts currently have a consensus rating of Hold with a target price near $112.27.

Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 18,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $117.03, for a total transaction of $2,106,540.00. Following the completion of the transaction, the insider directly owned 51,313,545 shares of the company's stock, valued at approximately $6,005,224,171.35. This represents a 0.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company's shares 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, May 22nd, Post Holdings Co. Ltd. Japan sold 31,100 shares of Aflac stock. The stock was 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 stock was sold at an average price of $118.80, for a total transaction of $5,940,000.00.
  • On Monday, May 18th, Post Holdings Co. Ltd. Japan sold 41,700 shares of Aflac stock. The stock was sold at an average price of $118.45, for a total transaction of $4,939,365.00.
  • On Friday, May 15th, Post Holdings Co. Ltd. Japan sold 23,500 shares of Aflac stock. The stock was sold at an average price of $116.85, for a total transaction of $2,745,975.00.
  • On Thursday, May 14th, Post Holdings Co. Ltd. Japan sold 24,500 shares of Aflac stock. The shares were sold at an average price of $116.42, for a total transaction of $2,852,290.00.
  • On Wednesday, May 13th, Post Holdings Co. Ltd. Japan sold 24,200 shares of Aflac stock. The shares were sold at an average price of $115.36, for a total transaction of $2,791,712.00.
  • On Tuesday, May 12th, Post Holdings Co. Ltd. Japan sold 24,300 shares of Aflac stock. The shares were sold at an average price of $115.97, for a total transaction of $2,818,071.00.
  • On Monday, May 11th, Post Holdings Co. Ltd. Japan sold 24,100 shares of Aflac stock. The shares were sold at an average price of $114.85, for a total transaction of $2,767,885.00.

Aflac Price Performance




Shares of NYSE:AFL opened at $112.63 on Friday. The firm's 50 day moving average price is $112.99 and its 200-day moving average price is $111.78. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $119.81. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $57.33 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62.

Aflac (NYSE:AFL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.05). Aflac had a return on equity of 13.88% and a net margin of 25.60%.The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the company earned $1.66 EPS. Aflac's revenue for the quarter was up 27.9% on a year-over-year basis. Equities research analysts expect that Aflac Incorporated will post 7.08 EPS for the current year.

Aflac Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.61 per share. The ex-dividend date is Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a yield of 2.2%. Aflac's dividend payout ratio (DPR) is presently 27.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Aflac from $116.00 to $111.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 5th. Morgan Stanley raised their target price on shares of Aflac from $120.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 21st. Barclays set a $99.00 price objective on shares of Aflac and gave the company an "underweight" rating in a report on Thursday, April 30th. Mizuho set a $104.00 price objective on shares of Aflac in a report on Monday, May 4th. Finally, UBS Group cut their price objective on shares of Aflac from $116.00 to $114.00 and set a "neutral" rating for the company in a report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Aflac has an average rating of "Hold" and a consensus target price of $112.27.

View Our Latest Stock Report on Aflac

Institutional Investors Weigh In On Aflac

A number of institutional investors have recently added to or reduced their stakes in AFL. Whipplewood Advisors LLC purchased a new position in shares of Aflac in the first quarter valued at $25,000. Groupe la Francaise purchased a new position in shares of Aflac in the first quarter valued at $25,000. Quarry LP purchased a new position in shares of Aflac in the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC bought a new stake in Aflac in the fourth quarter worth $29,000. Finally, Evergreen Advisors LLC bought a new stake in Aflac in the first quarter worth $29,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

More Aflac News

Here are the key news stories impacting Aflac this week:

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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