Key Points
- Major shareholder Post Holdings Co. Ltd. Japan sold 13,000 Aflac shares at an average price of $116.52, generating $1.51 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced its ownership by 0.03% to approximately 50.7 million shares.
- The shareholder has made multiple Aflac sales throughout August, selling roughly 134,000 shares across the disclosed transactions for more than $20 million in total proceeds.
- Aflac trades near $115.83 and recently reported quarterly EPS of $1.75, slightly below estimates, while revenue exceeded expectations. The company maintains a $0.61 quarterly dividend, equivalent to a 2.1% yield, and analysts’ consensus rating is Hold with an average $116.62 price target.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $116.52, for a total transaction of $1,514,760.00. Following the sale, the insider owned 50,726,690 shares in the company, valued at approximately $5,910,673,918.80. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Post Holdings Co. Ltd. Japan also recently made the following trade(s):
- On Thursday, August 27th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.67, for a total value of $1,481,709.00.
- On Wednesday, August 26th, Post Holdings Co. Ltd. Japan sold 13,200 shares of Aflac stock. The shares were sold at an average price of $117.35, for a total value of $1,549,020.00.
- On Tuesday, August 25th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.49, for a total value of $1,479,423.00.
- On Monday, August 24th, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The shares were sold at an average price of $118.02, for a total transaction of $1,593,270.00.
- On Friday, August 21st, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The stock was sold at an average price of $116.28, for a total transaction of $1,500,012.00.
- On Thursday, August 20th, Post Holdings Co. Ltd. Japan sold 13,100 shares of Aflac stock. The stock was sold at an average price of $116.60, for a total transaction 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 stock was 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 value of $1,712,163.00.
Aflac Price Performance
AFL opened at $115.83 on Wednesday. Aflac Incorporated has a one year low of $104.66 and a one year 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. The company's 50 day simple moving average is $121.55 and its 200-day simple moving average is $116.23. The stock has a market capitalization of $58.07 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.87 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 (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.01). The firm 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 firm's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. Sell-side analysts anticipate that Aflac Incorporated will post 7.04 earnings per share for the current fiscal year.
Aflac Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were given a dividend of $0.61 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. Aflac's payout ratio is presently 26.15%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on AFL shares. TD Cowen reiterated a "hold" rating and issued a $110.00 price objective (up from $101.00) on shares of Aflac in a report on Wednesday, July 22nd. Wall Street Zen lowered shares of Aflac from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Wolfe Research initiated coverage on Aflac in a report on Wednesday, August 19th. They set an "underperform" rating and a $103.00 target price on the stock. UBS Group reissued a "neutral" rating and issued a $124.00 target price (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. Finally, Mizuho set a $116.00 price target on Aflac in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $116.62.
Check Out Our Latest Analysis on Aflac
Hedge Funds Weigh In On Aflac
A number of large investors have recently bought and sold shares of AFL. Whipplewood Advisors LLC bought a new position in Aflac in the first quarter valued at $25,000. Groupe la Francaise bought a new position in shares of Aflac in the 1st quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Aflac in the fourth quarter valued at about $25,000. Archer Investment Corp acquired a new position in Aflac during the second quarter valued at approximately $26,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Aflac during the 2nd quarter worth approximately $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.
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