Key Points
- Post Holdings Co. Ltd. Japan sold 13,900 Aflac shares at an average price of $121.33, generating $1.69 million. The sale was conducted under a pre-arranged Rule 10b5-1 plan, leaving the shareholder with approximately 50.84 million shares.
- Aflac shares opened at $116.48, down 4.3%, while the company’s latest quarterly earnings of $1.75 per share slightly missed estimates. Revenue reached $4.22 billion, up from analyst expectations but down 1% year over year.
- Aflac declared a quarterly dividend of $0.61 per share, equivalent to $2.44 annually and a 2.1% yield. Analysts’ consensus rating is Hold, with an average price target of $116.62.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $121.33, for a total value of $1,686,487.00. Following the completion of the sale, the insider directly owned 50,844,690 shares in the company, valued at $6,168,986,237.70. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Post Holdings Co. Ltd. Japan also recently made the following trade(s):
- On Friday, August 14th, Post Holdings Co. Ltd. Japan sold 14,100 shares of Aflac stock. The shares were sold at an average price of $121.43, for a total value of $1,712,163.00.
- On Thursday, August 13th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was sold at an average price of $121.09, for a total transaction of $1,574,170.00.
- On Monday, June 22nd, Post Holdings Co. Ltd. Japan sold 27,845 shares of Aflac stock. The shares were 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 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 value of $3,374,496.00.
- On Friday, June 12th, Post Holdings Co. Ltd. Japan sold 53,000 shares of Aflac stock. The stock was 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 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 value of $3,100,500.00.
Aflac Trading Down 4.3%
Shares of NYSE:AFL opened at $116.48 on Thursday. The company's 50 day moving average is $121.59 and its two-hundred day moving average is $116.09. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a 52 week low of $104.66 and a 52 week high of $130.22. The company has a market cap of $58.40 billion, a PE ratio of 12.48, a P/E/G ratio of 1.96 and a beta of 0.60.
Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the previous year, the business posted $1.78 earnings per share. The firm's revenue was down 1.0% compared to the same quarter last year. Equities analysts predict that Aflac Incorporated will post 7.04 earnings per share for the current fiscal year.
Aflac Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, August 19th. Aflac's payout ratio is presently 26.15%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on AFL shares. Wells Fargo & Company set a $122.00 price target on Aflac and gave the stock an "equal weight" rating in a research note on Wednesday. Barclays restated an "underweight" rating and set a $99.00 target price (up from $98.00) on shares of Aflac in a report on Friday, August 7th. Piper Sandler restated an "overweight" rating and set a $138.00 target price (up from $130.00) on shares of Aflac in a research report on Monday, August 10th. JPMorgan Chase & Co. reduced their price target on shares of Aflac from $117.00 to $116.00 and set a "neutral" rating on the stock in a report on Tuesday, August 11th. Finally, Wolfe Research started coverage on shares of Aflac in a research report on Wednesday. They issued an "underperform" rating and a $103.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Aflac presently has an average rating of "Hold" and a consensus price target of $116.62.
Read Our Latest Report on AFL
Institutional Trading of Aflac
Large investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC purchased a new stake in Aflac during the 1st quarter worth about $25,000. Groupe la Francaise purchased a new position in Aflac in the 1st quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Aflac during the 4th quarter worth about $25,000. Archer Investment Corp acquired a new stake in shares of Aflac during the 2nd quarter worth about $26,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Aflac during the second quarter worth about $27,000. Institutional investors and hedge funds own 67.44% of the company's stock.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
