Key Points
- Post Holdings Co. Ltd. Japan sold 12,000 Aflac shares at an average price of $113.63, generating $1.36 million. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced its ownership by 0.02%, leaving it with roughly 50.46 million shares.
- Aflac shares opened at $111.90, near the lower end of their 52-week range, with a market capitalization of approximately $56.1 billion. The company recently reported $1.75 in quarterly EPS, slightly below expectations, while revenue of $4.22 billion exceeded estimates.
- Aflac maintains a quarterly dividend of $0.61 per share, equivalent to a $2.44 annualized payout and a 2.2% yield. Analysts have a consensus “Hold” rating and an average price target of $116.62.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,000 shares of the business's stock in a transaction on Monday, September 28th. The stock was sold at an average price of $113.63, for a total value of $1,363,560.00. Following the completion of the transaction, the insider directly owned 50,457,390 shares of the company's stock, valued at approximately $5,733,473,225.70. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% 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, September 24th, Post Holdings Co. Ltd. Japan sold 12,100 shares of Aflac stock. The shares were sold at an average price of $114.64, for a total value of $1,387,144.00.
- On Wednesday, September 23rd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The shares were 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 transaction 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 transaction 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 shares were sold at an average price of $116.74, for a total value 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 value 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 value of $1,569,984.00.
Aflac Trading Down 1.6%
Aflac stock opened at $111.90 on Thursday. 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 has a market cap of $56.10 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.83 and a beta of 0.59. The stock has a 50-day moving average of $119.15 and a two-hundred day moving average of $116.65. Aflac Incorporated has a one year low of $105.43 and a one year high of $130.22.
Aflac (NYSE:AFL - Get Free Report) last issued its quarterly 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). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business 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 firm posted $1.78 EPS. Aflac's revenue was down 1.0% on a year-over-year basis. On average, research analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current fiscal year.
Aflac Announces Dividend
The business 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. This represents a $2.44 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Aflac's payout ratio is currently 26.15%.
Analysts Set New Price Targets
A number of research firms have issued reports on AFL. Wells Fargo & Company set a $122.00 price target on shares of Aflac and gave the stock an "equal weight" rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. reduced their target price on Aflac from $117.00 to $116.00 and set a "neutral" rating for the company in a research note on Tuesday, August 11th. Mizuho set a $116.00 price target on Aflac in a research report on Monday, August 10th. TD Cowen reiterated a "hold" rating and set a $110.00 price target (up from $101.00) on shares of Aflac in a research note on Wednesday, July 22nd. Finally, Barclays reissued an "underweight" rating and issued a $99.00 price objective (up from $98.00) on shares of Aflac in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Aflac presently has a consensus rating of "Hold" and a consensus target price of $116.62.
Get Our Latest Stock Report on AFL
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Aflac during the 2nd quarter worth about $6,630,000. Atlas Wealth LLC acquired a new position in shares of Aflac in the 1st quarter valued at about $1,802,000. Callan Family Office LLC acquired a new position in shares of Aflac in the 2nd quarter valued at about $2,546,000. Fifth Third Bancorp boosted its stake in shares of Aflac by 135.5% in the first quarter. Fifth Third Bancorp now owns 142,180 shares of the financial services provider's stock worth $15,599,000 after buying an additional 81,803 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Aflac by 137.4% during the second quarter. Tidal Investments LLC now owns 40,904 shares of the financial services provider's stock worth $4,796,000 after acquiring an additional 23,677 shares during the period. Hedge funds and other institutional investors own 67.44% of the company's stock.
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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