Key Points
- Major shareholder Post Holdings Co. Ltd. Japan sold 13,900 Aflac shares on June 8 at an average price of $116.05, worth about $1.61 million. The transaction was filed with the SEC and executed under a pre-arranged Rule 10b5-1 trading plan.
- Post Holdings has been actively trimming its Aflac stake, with multiple sales in late May and early June, including a 63,000-share sale on June 5. Despite the recent selling, it still holds more than 51.1 million shares.
- Aflac shares were trading higher at $117.03, near their 52-week high of $119.81. The company recently posted mixed quarterly results, paid a $0.61 quarterly dividend, and currently has a consensus analyst rating of “Hold.”
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,900 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $116.05, for a total value of $1,613,095.00. Following the transaction, the insider owned 51,155,535 shares in the company, valued at approximately $5,936,599,836.75. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, June 5th, Post Holdings Co. Ltd. Japan sold 63,000 shares of Aflac stock. The stock was sold at an average price of $118.12, for a total value of $7,441,560.00.
- On Wednesday, June 3rd, Post Holdings Co. Ltd. Japan sold 16,300 shares of Aflac stock. The stock was sold at an average price of $115.19, for a total value of $1,877,597.00.
- On Tuesday, June 2nd, Post Holdings Co. Ltd. Japan sold 9,750 shares of Aflac stock. The stock was sold at an average price of $113.39, for a total value of $1,105,552.50.
- On Monday, June 1st, Post Holdings Co. Ltd. Japan sold 9,060 shares of Aflac stock. The stock was sold at an average price of $112.53, for a total value of $1,019,521.80.
- On Friday, May 29th, Post Holdings Co. Ltd. Japan sold 9,200 shares of Aflac stock. The stock was sold at an average price of $112.75, for a total value of $1,037,300.00.
- On Thursday, May 28th, Post Holdings Co. Ltd. Japan sold 9,100 shares of Aflac stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $117.61, for a total value of $3,575,344.00.
Aflac Trading Up 1.2%
Shares of Aflac stock opened at $117.03 on Thursday. The stock has a market cap of $59.56 billion, a P/E ratio of 13.28, a P/E/G ratio of 2.02 and a beta of 0.61. The stock's 50 day simple moving average is $114.39 and its 200-day simple moving average is $111.91. Aflac Incorporated has a 1-year low of $96.95 and a 1-year 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.
Aflac (NYSE:AFL - Get Free Report) last released its quarterly 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). The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. The firm's quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 EPS. Analysts predict that Aflac Incorporated will post 7.08 EPS for the current fiscal year.
Aflac Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Aflac's payout ratio is presently 27.70%.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Mizuho set a $104.00 price target on shares of Aflac in a research report on Monday, May 4th. Keefe, Bruyette & Woods lifted their price target on shares of Aflac from $113.00 to $115.00 and gave the company a "market perform" rating in a research report on Friday, April 10th. Piper Sandler reaffirmed 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. Morgan Stanley lifted their price target on shares of Aflac from $120.00 to $125.00 and gave the company an "equal weight" rating in a research report on Thursday, May 21st. Finally, Wall Street Zen raised shares of Aflac from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $112.27.
Read Our Latest Analysis on AFL
Institutional Trading of Aflac
A number of large investors have recently modified their holdings of the stock. Stephens Inc. AR increased its position in shares of Aflac by 0.4% during the fourth quarter. Stephens Inc. AR now owns 21,945 shares of the financial services provider's stock worth $2,420,000 after acquiring an additional 91 shares during the period. Compound Planning Inc. grew its stake in shares of Aflac by 0.7% during the first quarter. Compound Planning Inc. now owns 13,743 shares of the financial services provider's stock worth $1,508,000 after purchasing an additional 91 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Aflac by 4.5% during the fourth quarter. Root Financial Partners LLC now owns 2,119 shares of the financial services provider's stock worth $234,000 after purchasing an additional 92 shares in the last quarter. CENTRAL TRUST Co grew its stake in shares of Aflac by 0.5% during the fourth quarter. CENTRAL TRUST Co now owns 19,088 shares of the financial services provider's stock worth $2,105,000 after purchasing an additional 95 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in shares of Aflac by 1.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 7,702 shares of the financial services provider's stock worth $902,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company's stock.
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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