Key Points
- Post Holdings Co. Ltd. Japan sold 13,300 Aflac shares at an average price of $114.32, generating $1.52 million. The sale, conducted under a Rule 10b5-1 plan, reduced its stake by 0.03% to 50.6 million shares.
- Aflac reported quarterly revenue of $4.22 billion, exceeding estimates, though earnings per share of $1.75 fell slightly short of forecasts and revenue declined 1% year over year.
- Aflac paid a quarterly dividend of $0.61, equivalent to a $2.44 annualized payout and a 2.1% yield. Analysts have a consensus “Hold” rating with an average price target of $116.62.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,300 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $114.32, for a total transaction of $1,520,456.00. Following the sale, the insider owned 50,612,190 shares in the company, valued at $5,785,985,560.80. This represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more 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 Tuesday, September 8th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $115.44, for a total transaction of $1,569,984.00.
- On Friday, September 4th, Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock. The stock was sold at an average price of $117.47, for a total transaction of $1,762,050.00.
- On Thursday, September 3rd, Post Holdings Co. Ltd. Japan sold 20,000 shares of Aflac stock. The stock was sold at an average price of $118.49, for a total transaction of $2,369,800.00.
- On Wednesday, September 2nd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The shares were sold at an average price of $117.19, for a total transaction of $1,582,065.00.
- On Tuesday, September 1st, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $115.77, for a total value of $1,481,856.00.
- On Monday, August 31st, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.00, for a total value of $1,473,200.00.
- On Friday, August 28th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The shares were sold at an average price of $116.52, for a total value of $1,514,760.00.
- On Thursday, August 27th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were 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 stock was 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.
Aflac Trading Up 1.5%
Shares of NYSE AFL opened at $116.99 on Tuesday. 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 one year low of $105.43 and a one year high of $130.22. The business has a 50-day moving average price of $121.01 and a two-hundred day moving average price of $116.37. The firm has a market capitalization of $58.65 billion, a PE ratio of 12.54, a PEG ratio of 1.86 and a beta of 0.59.
Aflac (NYSE:AFL - Get Free Report) last issued its earnings results 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). The business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. Aflac'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 earned $1.78 EPS. As a group, analysts predict that Aflac Incorporated will post 7.04 earnings per share for the current fiscal year.
Aflac Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, August 19th. Aflac's dividend payout ratio is currently 26.15%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on AFL shares. 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. Morgan Stanley increased 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. Weiss Ratings cut Aflac from a "buy (a-)" rating to a "buy (b)" rating in a research report on Wednesday, September 9th. Wells Fargo & Company set a $122.00 target price on Aflac and gave the company an "equal weight" rating in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. dropped their target price on Aflac from $117.00 to $116.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Aflac has a consensus rating of "Hold" and a consensus target price of $116.62.
Get Our Latest Stock Analysis on AFL
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Whipplewood Advisors LLC bought a new position in Aflac during the first quarter valued at about $25,000. Groupe la Francaise bought a new stake in shares of Aflac during the 1st quarter worth about $25,000. Archer Investment Corp bought a new stake in shares of Aflac during the 2nd quarter worth about $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Aflac during the 2nd quarter valued at about $27,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Aflac during the 4th quarter valued at about $29,000. Institutional investors own 67.44% of the company's stock.
About Aflac
(
Get Free Report)
Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.
Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.
Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.
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