Key Points
- Post Holdings Co. Ltd. Japan sold 11,900 Aflac shares at an average price of $111.18, generating $1.32 million. The sale reduced its stake by 0.02%, leaving it with approximately 50.43 million shares worth $5.61 billion, and was executed under a Rule 10b5-1 trading plan.
- Aflac shares opened at $112.41, with a market capitalization of $56.36 billion and a price-to-earnings ratio of 12.05. The company reported quarterly revenue of $4.22 billion and EPS of $1.75, slightly below analyst expectations.
- Aflac pays a quarterly dividend of $0.61, equivalent to an annualized $2.44 and a 2.2% yield. Analysts’ consensus rating is “Hold”, with an average price target of $116.62.
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 11,900 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $111.18, for a total transaction of $1,323,042.00. Following the sale, the insider owned 50,433,390 shares in the company, valued at approximately $5,607,184,300.20. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 Tuesday, September 29th, Post Holdings Co. Ltd. Japan sold 12,100 shares of Aflac stock. The stock was sold at an average price of $113.36, for a total transaction of $1,371,656.00.
- On Monday, September 28th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The shares were sold at an average price of $113.63, for a total value of $1,363,560.00.
- 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 value of $1,408,978.00.
- On Friday, September 18th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The stock was 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 shares were sold at an average price of $116.58, for a total value 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 value 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 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.
Aflac Stock Up 0.8%
Shares of NYSE AFL opened at $112.41 on Tuesday. Aflac Incorporated has a one year low of $105.43 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 firm's 50 day simple moving average is $118.32 and its two-hundred day simple moving average is $116.71. The stock has a market capitalization of $56.36 billion, a P/E ratio of 12.05, a PEG ratio of 1.80 and a beta of 0.56.
Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The business had revenue of $4.22 billion for the quarter, compared to analysts' expectations of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.The company's revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted $1.78 earnings per share. As a group, analysts expect that Aflac Incorporated will post 7.04 EPS for the current fiscal year.
Aflac Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, August 19th. Aflac's dividend payout ratio (DPR) is presently 26.15%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Aflac from $120.00 to $125.00 and gave the company a "market perform" rating in a research report on Tuesday, August 11th. 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. Weiss Ratings raised Aflac from a "buy (b)" rating to a "buy (a-)" rating in a research note on Tuesday, September 22nd. Barclays restated an "underweight" rating and set a $99.00 target price (up from $98.00) on shares of Aflac in a report on Friday, August 7th. Finally, UBS Group restated a "neutral" rating and set a $124.00 price target (up from $114.00) on shares of Aflac in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $116.62.
Get Our Latest Report on AFL
Institutional Investors Weigh In On Aflac
Hedge funds have recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. purchased a new position in Aflac during the third quarter valued at $205,000. CX Institutional lifted its position in Aflac by 7.6% during the 3rd quarter. CX Institutional now owns 4,772 shares of the financial services provider's stock valued at $533,000 after acquiring an additional 335 shares during the period. Stonebridge Financial Group LLC lifted its position in Aflac by 1.7% during the 3rd quarter. Stonebridge Financial Group LLC now owns 59,400 shares of the financial services provider's stock valued at $6,640,000 after acquiring an additional 1,000 shares during the period. QRG Capital Management Inc. boosted its stake in Aflac by 2.9% during the second quarter. QRG Capital Management Inc. now owns 98,530 shares of the financial services provider's stock worth $11,553,000 after acquiring an additional 2,752 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Aflac by 10.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,567 shares of the financial services provider's stock worth $535,000 after acquiring an additional 426 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.
Aflac Company Profile
(
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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