Key Points
- Aflac major shareholder Post Holdings Co. Ltd. Japan sold 3,300 shares on Thursday, June 18 for about $385,836 at an average price of $116.92. The sale was made under a pre-arranged Rule 10b5-1 trading plan and slightly reduced its ownership stake.
- Post Holdings has been an active seller of Aflac shares recently, with multiple additional sales reported in the days surrounding the transaction. These sales totaled millions of dollars and steadily trimmed its position.
- Aflac shares were trading near their 52-week high around $118.90, while the company reported mixed quarterly results: earnings missed estimates slightly, but revenue beat expectations and rose sharply year over year. The stock also offers a 2.1% dividend yield.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 3,300 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $116.92, for a total transaction of $385,836.00. Following the completion of the transaction, the insider owned 50,926,335 shares in the company, valued at approximately $5,954,307,088.20. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Post Holdings Co. Ltd. Japan also recently made the following trade(s):
- On Monday, June 22nd, Post Holdings Co. Ltd. Japan sold 27,845 shares of Aflac stock. The stock was sold at an average price of $116.71, for a total transaction of $3,249,789.95.
- On Wednesday, June 17th, Post Holdings Co. Ltd. Japan sold 26,300 shares of Aflac stock. The shares were sold at an average price of $116.62, for a total transaction of $3,067,106.00.
- On Tuesday, June 16th, Post Holdings Co. Ltd. Japan sold 30,000 shares of Aflac stock. The shares were sold at an average price of $117.39, for a total transaction of $3,521,700.00.
- On Monday, June 15th, Post Holdings Co. Ltd. Japan sold 28,800 shares of Aflac stock. The stock was 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 value of $6,240,220.00.
- 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 value 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 value of $3,100,500.00.
- 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 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.
Aflac Stock Performance
NYSE AFL opened at $118.90 on Wednesday. The business's 50-day moving average price is $115.45 and its 200 day moving average price is $112.33. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $119.81. The company has a market capitalization of $60.52 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61.
Aflac (NYSE:AFL - Get Free Report) last posted 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). Aflac had a net margin of 25.60% and a return on equity of 13.88%. The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter last year, the firm earned $1.66 EPS. The firm's quarterly revenue was up 27.9% compared to the same quarter last year. On average, research analysts predict that Aflac Incorporated will post 7.08 earnings per share for the current year.
Aflac Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were given a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. Aflac's dividend payout ratio (DPR) is currently 27.70%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Aflac by 13.4% during the fourth quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider's stock worth $6,301,056,000 after buying an additional 6,759,169 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Aflac by 1.5% in the 1st 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 during the period. Legal & General Group Plc raised its stake in shares of Aflac by 0.3% in the 3rd 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 during the period. Norges Bank acquired a new position in shares of Aflac during the 4th quarter valued at $420,078,000. Finally, Amundi lifted its holdings in shares of Aflac by 22.6% during the 1st 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. 67.44% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on AFL shares. Evercore raised shares of Aflac from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, April 9th. Mizuho set a $104.00 price target on shares of Aflac in a report on Monday, May 4th. 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 research note on Friday, April 10th. UBS Group dropped their price objective on Aflac from $116.00 to $114.00 and set a "neutral" rating for the company in a report on Thursday, April 9th. Finally, Barclays set a $99.00 target price on Aflac and gave the stock an "underweight" rating in a research report on Thursday, April 30th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Aflac currently has an average rating of "Hold" and a consensus target price of $112.27.
Get Our Latest Stock Analysis on Aflac
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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