Key Points
- Post Holdings Co. Ltd. Japan sold 13,500 Aflac shares at an average price of $118.02, generating $1.59 million. The Rule 10b5-1 transaction reduced its position by 0.03%, leaving it with roughly 50.78 million shares worth $5.99 billion.
- The shareholder has conducted multiple Aflac sales in recent weeks, including more than 80,000 shares sold between August 13 and August 21, in addition to the latest transaction.
- Aflac recently reported quarterly revenue of $4.22 billion, ahead of estimates, but earnings of $1.75 per share slightly missed expectations. The company also declared a quarterly dividend of $0.61 per share, representing a 2.1% yield.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock in a transaction on Monday, August 24th. The shares were sold at an average price of $118.02, for a total transaction of $1,593,270.00. Following the transaction, the insider owned 50,778,290 shares in the company, valued at approximately $5,992,853,785.80. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 Friday, August 21st, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The shares were sold at an average price of $116.28, for a total value of $1,500,012.00.
- 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 stock was sold at an average price of $117.05, for a total value 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 value 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 transaction 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 shares were 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 transaction of $3,067,106.00.
Aflac Stock Up 1.2%
AFL opened at $117.53 on Thursday. The firm has a 50-day simple moving average of $121.58 and a two-hundred day simple moving average of $116.21. Aflac Incorporated has a 52 week low of $104.66 and a 52 week high of $130.22. The company has a market capitalization of $58.92 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.87 and a beta of 0.60. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29.
Aflac (NYSE:AFL - Get Free Report) last issued 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 net margin of 26.91% and a return on equity of 13.27%. The firm had revenue of $4.22 billion for the quarter, compared to analysts' expectations of $4.11 billion. During the same quarter in the previous year, the business earned $1.78 EPS. The company's revenue for the quarter was down 1.0% on a year-over-year basis. Analysts forecast that Aflac Incorporated will post 7.04 earnings per share for the current fiscal year.
Aflac Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, August 19th. Aflac's dividend payout ratio (DPR) is currently 26.15%.
Wall Street Analysts Forecast Growth
AFL has been the topic of several recent research reports. Morgan Stanley upped their price objective on Aflac from $120.00 to $125.00 and gave the stock an "equal weight" rating in a report on Thursday, May 21st. 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 report on Friday, July 10th. Weiss Ratings raised shares of Aflac from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Friday, August 21st. Wolfe Research assumed coverage on shares of Aflac in a research note on Wednesday, August 19th. They issued an "underperform" rating and a $103.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of Aflac from $117.00 to $116.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 11th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $116.62.
Check Out Our Latest Analysis on AFL
Institutional Trading of Aflac
Several hedge funds and other institutional investors have recently bought and sold shares of AFL. Archer Investment Corp bought a new stake in Aflac in the second quarter worth $26,000. Quarry LP bought a new position in Aflac during the fourth quarter valued at $25,000. Groupe la Francaise purchased a new stake in shares of Aflac in the first quarter valued at $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Aflac in the second quarter valued at $27,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Aflac in the first quarter valued at $25,000. Hedge funds and other institutional investors own 67.44% of the company's stock.
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.
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