Aflac (NYSE:AFL) Major Shareholder Sells $1,105,552.50 in Stock

Key Points

  • Aflac major shareholder Post Holdings Co. Ltd. Japan sold 9,750 shares on June 2 at an average price of $113.39, totaling about $1.11 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
  • Post Holdings has been steadily trimming its Aflac stake with multiple sales in late May and early June, while still holding more than 51.2 million shares worth about $5.81 billion after the latest transaction.
  • Aflac’s stock and fundamentals remain relatively stable, with shares recently trading near $115.44, close to the 52-week high of $119.81. The company also paid a quarterly dividend of $0.61, equal to a 2.1% yield.

Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 9,750 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $113.39, for a total transaction of $1,105,552.50. Following the completion of the transaction, the insider directly owned 51,265,035 shares in the company, valued at approximately $5,812,942,318.65. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 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 Monday, June 1st, Post Holdings Co. Ltd. Japan sold 9,060 shares of Aflac stock. The shares were sold at an average price of $112.53, for a total transaction of $1,019,521.80.
  • On Friday, May 29th, Post Holdings Co. Ltd. Japan sold 9,200 shares of Aflac stock. The shares were sold at an average price of $112.75, for a total transaction of $1,037,300.00.
  • 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 transaction of $1,030,302.00.
  • On Wednesday, May 27th, Post Holdings Co. Ltd. Japan sold 11,400 shares of Aflac stock. The stock was sold at an average price of $115.50, for a total transaction of $1,316,700.00.
  • On Tuesday, May 26th, Post Holdings Co. Ltd. Japan sold 18,000 shares of Aflac stock. The stock was sold at an average price of $117.03, for a total transaction of $2,106,540.00.
  • 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 stock was 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 stock was 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.

Aflac Price Performance




Aflac stock opened at $115.44 on Friday. Aflac Incorporated has a 52 week low of $96.95 and a 52 week high of $119.81. The company's 50 day moving average price is $113.66 and its two-hundred day moving average price is $111.76. 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 cap of $58.75 billion, a P/E ratio of 13.10, a P/E/G ratio of 2.01 and a beta of 0.61.

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 return on equity of 13.88% and a net margin of 25.60%.The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the business earned $1.66 EPS. Aflac's quarterly revenue was up 27.9% compared to the same quarter last year. On average, equities analysts predict that Aflac Incorporated will post 7.08 earnings per share for the current year.

Aflac Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Aflac's payout ratio is 27.70%.

Institutional Trading of Aflac

Several large investors have recently modified their holdings of AFL. Vanguard Group Inc. grew its stake in shares of Aflac by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider's stock worth $6,301,056,000 after purchasing an additional 6,759,169 shares during the last quarter. Norges Bank bought a new stake in shares of Aflac in the fourth quarter worth about $420,078,000. First Trust Advisors LP grew its stake in shares of Aflac by 161.9% in the first quarter. First Trust Advisors LP now owns 3,184,801 shares of the financial services provider's stock worth $349,405,000 after purchasing an additional 1,968,738 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Aflac by 1,184.5% in the third quarter. AQR Capital Management LLC now owns 1,264,090 shares of the financial services provider's stock worth $141,199,000 after purchasing an additional 1,165,676 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Aflac by 390.7% during the fourth quarter. Marshall Wace LLP now owns 1,111,711 shares of the financial services provider's stock valued at $122,588,000 after buying an additional 885,141 shares during the period. 67.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Mizuho set a $104.00 price objective on shares of Aflac in a research note on Monday, May 4th. Piper Sandler restated an "overweight" rating and set a $130.00 price target (up from $125.00) on shares of Aflac in a research report on Tuesday, May 26th. Evercore upgraded shares of Aflac from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, April 9th. Keefe, Bruyette & Woods upped their target price on shares of Aflac from $113.00 to $115.00 and gave the stock a "market perform" rating in a research report on Friday, April 10th. Finally, Barclays set a $99.00 price target on Aflac and gave the stock an "underweight" rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $112.27.

Read Our Latest Analysis 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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