Key Points
- Major shareholder Post Holdings Co. Ltd. Japan sold 53,000 Aflac shares on June 12 at an average price of $117.74, totaling about $6.24 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The shareholder has been actively trimming its Aflac position with multiple sales in early June, while still holding more than 51 million shares after the latest transaction. The latest trade reduced its stake by only 0.10%.
- Aflac recently reported mixed quarterly results, missing EPS estimates but slightly beating revenue expectations, while also maintaining a 2.1% dividend yield. Analysts currently have a cautious stance overall, with an average rating of Hold and an average price target of $112.27.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 53,000 shares of the firm's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $117.74, for a total transaction of $6,240,220.00. Following the completion of the transaction, the insider directly owned 51,014,735 shares of the company's stock, valued at approximately $6,006,474,898.90. This trade represents a 0.10% decrease in their position. The transaction 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 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 Thursday, June 11th, Post Holdings Co. Ltd. Japan sold 48,500 shares of Aflac stock. The shares were sold at an average price of $117.20, for a total transaction of $5,684,200.00.
- 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 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.
Aflac Stock Performance
Shares of AFL opened at $117.38 on Wednesday. The firm has a 50-day moving average of $114.95 and a 200-day moving average of $112.09. Aflac Incorporated has a one year low of $96.95 and a one year high of $119.81. The company has a market cap of $59.74 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 2.05 and a beta of 0.61. 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 announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.80 by ($0.05). Aflac had a net margin of 25.60% and a return on equity of 13.88%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business earned $1.66 EPS. The business's revenue was up 27.9% on a year-over-year basis. As a group, equities analysts forecast that Aflac Incorporated will post 7.08 earnings per share for the current year.
Aflac Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were given 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 dividend payout ratio (DPR) is 27.70%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on AFL shares. Morgan Stanley lifted their price objective 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. Piper Sandler reaffirmed an "overweight" rating and set a $130.00 target price (up from $125.00) on shares of Aflac in a report on Tuesday, May 26th. Wall Street Zen raised shares of Aflac from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Evercore raised shares of Aflac from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, April 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Aflac from $113.00 to $115.00 and gave the company a "market perform" rating in a report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $112.27.
Read Our Latest Stock Report on Aflac
Hedge Funds Weigh In On Aflac
Several hedge funds and other institutional investors have recently made changes to their positions in the company. DNB Asset Management AS increased its position in Aflac by 51.3% during the 4th quarter. DNB Asset Management AS now owns 168,003 shares of the financial services provider's stock worth $18,526,000 after purchasing an additional 56,975 shares in the last quarter. BIP Wealth LLC increased its position in Aflac by 348.3% during the 4th quarter. BIP Wealth LLC now owns 55,723 shares of the financial services provider's stock worth $6,145,000 after purchasing an additional 43,293 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Aflac during the 4th quarter worth approximately $3,743,000. Nordea Investment Management AB increased its position in Aflac by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,866,471 shares of the financial services provider's stock worth $206,712,000 after purchasing an additional 97,766 shares in the last quarter. Finally, Dorato Capital Management acquired a new position in Aflac during the 4th quarter worth approximately $20,865,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.
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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