Aflac (NYSE:AFL) Major Shareholder Sells $1,500,012.00 in Stock

Key Points

  • Post Holdings Co. Ltd. Japan sold 12,900 Aflac shares at an average price of $116.28, generating $1.5 million. The sale occurred under a pre-arranged Rule 10b5-1 plan and reduced its ownership by 0.03%, though it still holds about 50.8 million shares.
  • Aflac’s shares opened at $116.17, down 1.7%, following quarterly results that slightly missed EPS estimates at $1.75 versus $1.76, while revenue of $4.22 billion exceeded expectations.
  • The company declared a quarterly dividend of $0.61 per share, equivalent to $2.44 annually and a 2.1% yield. Analysts’ consensus rating remains Hold, with an average price target of $116.62.

Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock in a transaction on Friday, August 21st. The shares were sold at an average price of $116.28, for a total value of $1,500,012.00. Following the transaction, the insider owned 50,791,790 shares in the company, valued at approximately $5,906,069,341.20. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares are required to disclose their transactions with the SEC.

Post Holdings Co. Ltd. Japan also recently made the following trade(s):

  • On Thursday, August 20th, Post Holdings Co. Ltd. Japan sold 13,100 shares of Aflac stock. The shares were sold at an average price of $116.60, for a total value of $1,527,460.00.
  • On Wednesday, August 19th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $117.05, for a total transaction of $1,486,535.00.
  • On Tuesday, August 18th, Post Holdings Co. Ltd. Japan sold 14,200 shares of Aflac stock. The shares were sold at an average price of $121.94, for a total value of $1,731,548.00.
  • On Monday, August 17th, Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock. The stock was sold at an average price of $121.33, for a total transaction of $1,686,487.00.
  • 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 value 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 stock was sold at an average price of $116.62, for a total value 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.

Aflac Stock Down 1.7%




AFL opened at $116.17 on Wednesday. The company has a market capitalization of $58.24 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.91 and a beta of 0.60. The firm's fifty day moving average price is $121.56 and its two-hundred day moving average price is $116.21. Aflac Incorporated has a fifty-two week low of $104.66 and a fifty-two week high of $130.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12.

Aflac (NYSE:AFL - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.01). The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business's revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 earnings per share. On average, analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Announces Dividend

The firm 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. The ex-dividend date is Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. Aflac's dividend payout ratio is presently 26.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler reissued an "overweight" rating and set a $138.00 price target (up from $130.00) on shares of Aflac in a research note on Monday, August 10th. Morgan Stanley lifted their target price on shares of Aflac from $120.00 to $125.00 and gave the stock an "equal weight" rating in a report on Thursday, May 21st. Wolfe Research assumed coverage on shares of Aflac in a research report on Wednesday, August 19th. They set an "underperform" rating and a $103.00 target price for the company. Weiss Ratings raised Aflac from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Friday. Finally, UBS Group reissued a "neutral" rating and issued a $124.00 price target (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Aflac presently has an average rating of "Hold" and a consensus target price of $116.62.

Read Our Latest Report on AFL

Institutional Trading of Aflac

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in Aflac by 11,094.0% during the 2nd quarter. California State Teachers Retirement System now owns 86,458,157 shares of the financial services provider's stock worth $10,137,219,000 after buying an additional 85,685,796 shares during the period. Vanguard Group Inc. grew its stake in Aflac by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider's stock valued at $6,301,056,000 after acquiring an additional 6,759,169 shares during the period. BlackRock Inc. bought a new stake in shares of Aflac in the second quarter worth about $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Aflac by 27.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,201,217 shares of the financial services provider's stock worth $609,843,000 after acquiring an additional 1,132,091 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Aflac by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider's stock worth $499,216,000 after acquiring an additional 67,650 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

About Aflac

(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.

See Also

Insider Buying and Selling by Quarter for Aflac (NYSE:AFL)

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].

Insider Buying or Selling at Aflac?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Aflac and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles