Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,000 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $121.09, for a total transaction of $1,574,170.00. Following the completion of the sale, the insider directly owned 50,872,690 shares in the company, valued at $6,160,174,032.10. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 Thursday, June 18th, Post Holdings Co. Ltd. Japan sold 3,300 shares of Aflac stock. The stock was sold at an average price of $116.92, for a total transaction of $385,836.00.
- 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 value 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 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 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 stock was sold at an average price of $116.05, for a total value of $1,613,095.00.
Aflac Stock Down 0.4%
Shares of AFL stock opened at $120.95 on Tuesday. The stock has a 50 day moving average of $121.47 and a 200 day moving average of $115.95. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $60.64 billion, a P/E ratio of 12.96, a P/E/G ratio of 1.96 and a beta of 0.60. Aflac Incorporated has a twelve month low of $104.66 and a twelve month high of $130.22.
Aflac (NYSE:AFL - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The company had revenue of $4.22 billion during the quarter, compared to analysts' expectations of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.The company's revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 EPS. As a group, sell-side analysts expect that Aflac Incorporated will post 7.04 EPS for the current year.
Aflac Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, August 19th. Aflac's payout ratio is currently 26.15%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Whipplewood Advisors LLC acquired a new stake in Aflac in the 1st quarter valued at $25,000. Groupe la Francaise acquired a new position in Aflac during the first quarter worth $25,000. Quarry LP acquired a new position in Aflac during the fourth quarter worth $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in Aflac during the second quarter valued at $27,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in Aflac during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 67.44% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on AFL shares. Weiss Ratings lowered shares of Aflac from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Friday, August 7th. TD Cowen reiterated a "hold" rating and issued a $110.00 price objective (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. Barclays reissued an "underweight" rating and set a $99.00 target price (up from $98.00) on shares of Aflac in a research note on Friday, August 7th. Mizuho set a $116.00 target price on Aflac in a research report on Monday, August 10th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $108.00 price target (up from $100.00) on shares of Aflac in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $117.58.
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Aflac Company Profile
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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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