Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 48,500 shares of Aflac stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $117.20, for a total value of $5,684,200.00. Following the sale, the insider directly owned 51,067,735 shares in the company, valued at $5,985,138,542. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 stock are required to disclose their transactions with the SEC.
Post Holdings Co. Ltd. Japan also recently made the following trade(s):
- On Wednesday, June 10th, Post Holdings Co. Ltd. Japan sold 26,500 shares of Aflac stock. The shares were sold at an average price of $117.00, for a total value of $3,100,500.00.
- On Tuesday, June 9th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $115.43, for a total value of $1,477,504.00.
- On Monday, June 8th, Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock. The shares were sold at an average price of $116.05, for a total value of $1,613,095.00.
- On Friday, June 5th, Post Holdings Co. Ltd. Japan sold 63,000 shares of Aflac stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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.
Aflac Price Performance
Shares of AFL opened at $116.88 on Tuesday. 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. The company has a market capitalization of $59.49 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61. The business has a 50-day moving average of $114.81 and a 200-day moving average of $112.04.
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 (EPS) for the quarter, missing analysts' consensus estimates of $1.80 by ($0.05). Aflac had a return on equity of 13.88% and a net margin of 25.60%.The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the business earned $1.66 earnings per share. Aflac's revenue was up 27.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Aflac Incorporated will post 7.08 earnings per share for the current year.
Aflac Dividend Announcement
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, May 20th. Aflac's dividend payout ratio (DPR) is 27.70%.
Wall Street Analysts Forecast Growth
AFL has been the subject of a number of analyst reports. Evercore upgraded Aflac from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, April 9th. Keefe, Bruyette & Woods raised their price objective on Aflac from $113.00 to $115.00 and gave the stock a "market perform" rating in a research report on Friday, April 10th. Mizuho set a $104.00 price objective on Aflac in a research report on Monday, May 4th. Barclays set a $99.00 price objective on Aflac and gave the stock an "underweight" rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company lowered their price objective on Aflac from $116.00 to $111.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $112.27.
View Our Latest Research Report on AFL
Institutional Investors Weigh In On Aflac
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Aflac by 13.4% during the fourth quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider's stock valued at $6,301,056,000 after acquiring an additional 6,759,169 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Aflac by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider's stock valued at $499,216,000 after acquiring an additional 67,650 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Aflac by 0.3% during the third quarter. Legal & General Group Plc now owns 3,926,777 shares of the financial services provider's stock valued at $438,621,000 after acquiring an additional 13,666 shares in the last quarter. Norges Bank bought a new stake in shares of Aflac during the fourth quarter valued at approximately $420,078,000. Finally, Amundi increased its holdings in shares of Aflac by 22.6% during the first quarter. Amundi now owns 3,268,209 shares of the financial services provider's stock valued at $358,555,000 after acquiring an additional 603,426 shares in the last quarter. 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.
Further Reading
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