Key Points
- Major shareholder Post Holdings Co. Ltd. Japan sold 26,300 Aflac shares on June 17 at an average price of $116.62, totaling about $3.07 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 early-to-mid June, including several larger transactions the prior week. After the latest sale, it still owned about 50.93 million shares worth roughly $5.94 billion.
- Aflac shares were trading near $116.49, close to their 52-week high of $119.81. The company recently reported mixed quarterly results, missing EPS estimates but beating revenue expectations, and it continues to pay a quarterly dividend yielding about 2.1%.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 26,300 shares of the firm's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $116.62, for a total value of $3,067,106.00. Following the completion of the transaction, the insider owned 50,929,635 shares in the company, valued at approximately $5,939,414,033.70. This represents a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large 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 Tuesday, June 16th, Post Holdings Co. Ltd. Japan sold 30,000 shares of Aflac stock. The stock was sold at an average price of $117.39, for a total value of $3,521,700.00.
- On Monday, June 15th, Post Holdings Co. Ltd. Japan sold 28,800 shares of Aflac stock. The shares were sold at an average price of $117.17, for a total transaction of $3,374,496.00.
- On Friday, June 12th, Post Holdings Co. Ltd. Japan sold 53,000 shares of Aflac stock. The shares were sold at an average price of $117.74, for a total transaction of $6,240,220.00.
- On Thursday, June 11th, Post Holdings Co. Ltd. Japan sold 48,500 shares of Aflac stock. The stock was 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 stock was 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 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 shares were sold at an average price of $113.39, for a total transaction of $1,105,552.50.
Aflac Stock Performance
AFL stock opened at $116.49 on Tuesday. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $119.81. 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 company has a market cap of $59.29 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. The business's fifty day moving average is $115.29 and its 200-day moving average is $112.26.
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). The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.20 billion. Aflac had a return on equity of 13.88% and a net margin of 25.60%.The firm's revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the firm earned $1.66 earnings per share. Equities research analysts forecast that Aflac Incorporated will post 7.08 EPS for the current year.
Aflac Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.61 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. Aflac's dividend payout ratio (DPR) is 27.70%.
Analyst Ratings Changes
AFL has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Aflac from $116.00 to $111.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Aflac from $113.00 to $115.00 and gave the stock a "market perform" rating in a research note on Friday, April 10th. UBS Group decreased their price objective on shares of Aflac from $116.00 to $114.00 and set a "neutral" rating for the company in a report on Thursday, April 9th. Evercore raised shares of Aflac from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, April 9th. Finally, Mizuho set a $104.00 target price on shares of Aflac in a report on Monday, May 4th. 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 given a Sell rating to the company's stock. According to data from MarketBeat, Aflac has a consensus rating of "Hold" and an average price target of $112.27.
Check Out Our Latest Stock Report on AFL
Hedge Funds Weigh In On Aflac
Institutional investors and hedge funds have recently modified their holdings of the business. DNB Asset Management AS boosted its position in Aflac by 51.3% during the fourth 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 during the period. BIP Wealth LLC raised its position in shares of Aflac by 348.3% in the fourth quarter. BIP Wealth LLC now owns 55,723 shares of the financial services provider's stock valued at $6,145,000 after purchasing an additional 43,293 shares during the period. Employees Retirement System of Texas bought a new position in shares of Aflac in the fourth quarter valued at about $3,743,000. Nordea Investment Management AB lifted its stake in shares of 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 buying an additional 97,766 shares during the last quarter. Finally, Dorato Capital Management acquired a new stake in shares of Aflac during the 4th quarter worth about $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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