Key Points
- Post Holdings Co. Ltd. Japan sold 12,100 Aflac shares at an average price of $114.64, generating $1.39 million. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced its ownership by 0.02%, leaving it with about 50.48 million shares.
- Aflac shares opened at $113.40, with a market capitalization of approximately $56.85 billion and a price-to-earnings ratio of 12.15. The company recently reported quarterly revenue above estimates but narrowly missed consensus EPS expectations.
- Aflac maintains a quarterly dividend of $0.61, equivalent to an annualized $2.44 payout and a 2.2% yield. Analysts’ average rating is “Hold,” with a consensus price target of $116.62.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,100 shares of the company's stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $114.64, for a total transaction of $1,387,144.00. Following the completion of the transaction, the insider directly owned 50,481,490 shares of the company's stock, valued at approximately $5,787,198,013.60. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 Wednesday, September 23rd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The stock was sold at an average price of $115.20, for a total value of $1,555,200.00.
- On Monday, September 21st, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The stock was sold at an average price of $115.49, for a total value of $1,408,978.00.
- On Friday, September 18th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $116.22, for a total value of $1,487,616.00.
- On Thursday, September 17th, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The stock was sold at an average price of $116.58, for a total transaction of $1,503,882.00.
- On Wednesday, September 16th, Post Holdings Co. Ltd. Japan sold 13,800 shares of Aflac stock. The shares were sold at an average price of $117.49, for a total transaction of $1,621,362.00.
- On Monday, September 14th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The stock was sold at an average price of $116.74, for a total transaction of $1,587,664.00.
- On Friday, September 11th, Post Holdings Co. Ltd. Japan sold 14,000 shares of Aflac stock. The stock was sold at an average price of $115.14, for a total value of $1,611,960.00.
- On Thursday, September 10th, Post Holdings Co. Ltd. Japan sold 13,300 shares of Aflac stock. The stock was sold at an average price of $114.32, for a total transaction of $1,520,456.00.
- 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 shares were sold at an average price of $117.47, for a total value of $1,762,050.00.
Aflac Stock Performance
AFL stock opened at $113.40 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The stock's fifty day moving average is $119.58 and its two-hundred day moving average is $116.61. The stock has a market capitalization of $56.85 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 1.83 and a beta of 0.59. Aflac Incorporated has a 1 year low of $105.43 and a 1 year high of $130.22.
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 (EPS) 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 business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the company earned $1.78 earnings per share. The business's quarterly revenue was down 1.0% compared to the same quarter last year. On average, research analysts predict that Aflac Incorporated will post 7.04 EPS for the current year.
Aflac Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Aflac's dividend payout ratio is currently 26.15%.
Analysts Set New Price Targets
AFL has been the topic of a number of research reports. Wells Fargo & Company set a $122.00 price objective on Aflac and gave the stock an "equal weight" rating in a research note on Wednesday, August 19th. Jefferies Financial Group reissued a "hold" rating and issued a $108.00 target price (up from $100.00) on shares of Aflac in a research report on Friday, July 10th. Wall Street Zen lowered shares of Aflac from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Wolfe Research started coverage on Aflac in a research note on Wednesday, August 19th. They issued an "underperform" rating and a $103.00 price objective for the company. Finally, Piper Sandler reiterated an "overweight" rating and issued a $138.00 target price (up from $130.00) on shares of Aflac in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $116.62.
Read Our Latest Stock Analysis on Aflac
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Aflac during the second quarter worth $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Aflac by 27.8% in the 2nd 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 buying an additional 1,132,091 shares in the last quarter. Dimensional Fund Advisors LP grew its position in 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 valued at $499,216,000 after acquiring an additional 67,650 shares during the period. Norges Bank acquired a new position in Aflac during the fourth quarter worth $420,078,000. Finally, Legal & General Group Plc acquired a new position in Aflac during the second quarter worth $404,639,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.
About Aflac
(
Get Free Report)
Aflac Incorporated (NYSE: AFL) is an insurance company that provides supplemental health and life insurance products to individuals, employers and groups. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with illness, injury and other qualifying events.
The company's products include accident, cancer, critical illness, hospital indemnity, disability, dental, vision and life insurance. Aflac distributes its policies through workplace benefits programs, independent agents, brokers and other distribution channels.
Founded in 1955 as American Family Life Assurance Company of Columbus, Aflac has its headquarters in Columbus, Georgia.
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