Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells 26,500 Shares of Stock

Key Points

  • Aflac major shareholder Post Holdings Co. Ltd. Japan sold 26,500 shares on June 10 at an average price of $117.00, totaling about $3.1 million. The sale was disclosed in an SEC filing and was made under a pre-arranged Rule 10b5-1 trading plan.
  • The shareholder has been steadily trimming its Aflac stake with multiple sales in early June and late May, including several transactions ranging from roughly 9,000 to 63,000 shares. Despite these sales, it still directly owns more than 51.1 million shares.
  • Aflac’s stock was trading near its 52-week high, opening at $117.56 versus a 52-week range of $96.95 to $119.81. The company also recently paid a $0.61 quarterly dividend, supporting a 2.1% yield.

Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 26,500 shares of the business's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $117.00, for a total transaction of $3,100,500.00. Following the sale, the insider directly owned 51,116,235 shares in the company, valued at $5,980,599,495. The trade was a 0.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 Tuesday, June 9th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The stock was sold at an average price of $115.43, for a total transaction of $1,477,504.00.
  • On Monday, June 8th, Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock. The stock was sold at an average price of $116.05, for a total transaction of $1,613,095.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 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.

Aflac Trading Up 1.0%




Shares of NYSE AFL opened at $117.56 on Friday. The firm's 50 day moving average price is $114.68 and its 200-day moving average price is $111.99. The company has a market cap of $59.83 billion, a PE ratio of 13.34, a P/E/G ratio of 2.04 and a beta of 0.61. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $119.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11.

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

Aflac Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, May 20th. Aflac's dividend payout ratio is currently 27.70%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DV Trading LLC lifted its position in Aflac by 450.0% during the first quarter. DV Trading LLC now owns 2,200 shares of the financial services provider's stock valued at $241,000 after purchasing an additional 1,800 shares during the period. Parallel Advisors LLC lifted its position in Aflac by 1.3% during the first quarter. Parallel Advisors LLC now owns 10,284 shares of the financial services provider's stock valued at $1,128,000 after purchasing an additional 127 shares during the period. First Nebraska Trust Co purchased a new stake in Aflac during the first quarter valued at approximately $310,000. Foguth Wealth Management LLC. purchased a new stake in Aflac during the first quarter valued at approximately $467,000. Finally, Financial Solutions Advisory Group Inc. purchased a new stake in Aflac during the first quarter valued at approximately $291,000. Institutional investors own 67.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AFL. Wall Street Zen upgraded shares of Aflac from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Keefe, Bruyette & Woods increased their price objective 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. Wells Fargo & Company lowered their price objective on shares of Aflac from $116.00 to $111.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 5th. Barclays set a $99.00 price objective on shares of Aflac and gave the company an "underweight" rating in a research report on Thursday, April 30th. Finally, UBS Group lowered their price objective on shares of Aflac from $116.00 to $114.00 and set a "neutral" rating on the stock in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $112.27.

Get Our Latest Research Report on Aflac

Key Headlines Impacting Aflac

Here are the key news stories impacting Aflac this week:

  • Positive Sentiment: Aflac continues to be viewed as a dependable income stock, supported by 44 consecutive years of dividend growth and a recently paid quarterly dividend of $0.61 per share. The “Duck Stock” Keeps Quietly Making Money for Shareholders
  • Positive Sentiment: Analysts remain constructive enough to keep Aflac on the radar as a stable insurance name, with recent commentary highlighting reliable returns from dividends, buybacks, and supplemental insurance growth. 3 Insurance Stocks Hitting 52-Week Highs With More Room to Run
  • Neutral Sentiment: Recent market coverage describes Aflac as a steady, low-volatility insurer, but also suggests the stock’s quality may already be fairly priced in, limiting near-term upside. 4 Stocks Making New Highs Despite Market Weakness
  • Negative Sentiment: Post Holdings Co. Ltd. Japan has continued trimming its Aflac stake through a series of insider sales in June, which may create some investor concern even though the trades were disclosed under a 10b5-1 plan. SEC Filing

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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Insider Buying and Selling by Quarter for Aflac (NYSE:AFL)

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