Key Points
- Post Holdings Co. Ltd. Japan sold 9,200 Aflac shares on May 29 at an average price of $112.75, worth about $1.04 million. The filing notes the trade was made under a pre-arranged Rule 10b5-1 plan.
- The sale was part of a broader series of recent insider transactions, with Post Holdings Japan steadily reducing its Aflac stake over multiple days in late May. Even after the latest sale, it still owned more than 51.28 million shares.
- Aflac’s stock was trading around $113.61, near its 50-day and 200-day moving averages, and the company recently paid a quarterly dividend of $0.61 per share, implying a 2.1% yield.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 9,200 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $112.75, for a total value of $1,037,300.00. Following the completion of the transaction, the insider directly owned 51,283,845 shares of the company's stock, valued at $5,782,253,523.75. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% 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 Thursday, May 28th, Post Holdings Co. Ltd. Japan sold 9,100 shares of Aflac stock. The shares were sold at an average price of $113.22, for a total value of $1,030,302.00.
- On Wednesday, May 27th, Post Holdings Co. Ltd. Japan sold 11,400 shares of Aflac stock. The shares were sold at an average price of $115.50, for a total value of $1,316,700.00.
- On Tuesday, May 26th, Post Holdings Co. Ltd. Japan sold 18,000 shares of Aflac stock. The shares were sold at an average price of $117.03, for a total value of $2,106,540.00.
- On Friday, May 22nd, Post Holdings Co. Ltd. Japan sold 31,100 shares of Aflac stock. The shares were sold at an average price of $117.78, for a total value 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 value 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 value of $3,718,056.00.
- On Tuesday, May 19th, Post Holdings Co. Ltd. Japan sold 50,000 shares of Aflac stock. The shares were sold at an average price of $118.80, for a total value of $5,940,000.00.
- On Monday, May 18th, Post Holdings Co. Ltd. Japan sold 41,700 shares of Aflac stock. The shares were sold at an average price of $118.45, for a total value of $4,939,365.00.
- On Friday, May 15th, Post Holdings Co. Ltd. Japan sold 23,500 shares of Aflac stock. The shares were sold at an average price of $116.85, for a total value 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 value of $2,852,290.00.
Aflac Stock Up 1.3%
AFL opened at $113.61 on Wednesday. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $119.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market cap of $57.82 billion, a P/E ratio of 12.90, a P/E/G ratio of 1.96 and a beta of 0.61. The stock's 50 day moving average price is $113.18 and its 200 day moving average price is $111.76.
Aflac (NYSE:AFL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.05). Aflac had a net margin of 25.60% and a return on equity of 13.88%. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The firm's revenue was up 27.9% compared to the same quarter last year. As a group, research analysts predict that Aflac Incorporated will post 7.08 earnings per share for the current year.
Aflac Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Aflac's dividend payout ratio (DPR) is presently 27.70%.
Institutional Trading of Aflac
Several hedge funds and other institutional investors have recently modified their holdings of AFL. Brighton Jones LLC raised its holdings in shares of Aflac by 64.4% during the fourth quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider's stock worth $1,507,000 after acquiring an additional 5,708 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of Aflac by 4.3% during the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider's stock worth $455,000 after acquiring an additional 183 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Aflac during the second quarter worth $280,000. Sei Investments Co. raised its holdings in shares of Aflac by 11.2% during the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider's stock worth $15,854,000 after acquiring an additional 15,105 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its holdings in shares of Aflac by 1.6% during the second quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider's stock worth $1,261,000 after acquiring an additional 192 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on AFL shares. UBS Group decreased their price target on Aflac from $116.00 to $114.00 and set a "neutral" rating for the company in a research note on Thursday, April 9th. Wall Street Zen raised Aflac from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Morgan Stanley increased their price target on Aflac from $120.00 to $125.00 and gave the company an "equal weight" rating in a research note on Thursday, May 21st. Mizuho set a $104.00 price target on Aflac in a research note on Monday, May 4th. Finally, Evercore raised Aflac from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $112.27.
Read Our Latest Research Report on AFL
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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