Aflac (NYSE:AFL) Major Shareholder Sells 113,611 Shares of Stock

Key Points

  • Post Holdings Co. Ltd. Japan sold 113,611 Aflac shares at an average price of $118.53, generating approximately $13.47 million. The transaction reduced its stake by 0.23% to 50.13 million shares, and was conducted under a Rule 10b5-1 trading plan.
  • Aflac reported quarterly EPS of $1.75, slightly below the $1.76 consensus estimate, while revenue of $4.22 billion exceeded expectations. Revenue declined 1% year over year.
  • Aflac maintains a quarterly dividend of $0.61 per share, equivalent to a $2.44 annualized payout and a 2.1% yield. Analysts’ consensus rating is “Hold”, with an average price target of $117.20.

Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 113,611 shares of the firm's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $118.53, for a total transaction of $13,466,311.83. Following the completion of the transaction, the insider directly owned 50,134,329 shares of the company's stock, valued at approximately $5,942,422,016.37. This represents a 0.23% decrease in their position. The transaction was disclosed in a legal 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 stock are required to disclose their transactions with the SEC.

Post Holdings Co. Ltd. Japan also recently made the following trade(s):

  • On Wednesday, October 14th, Post Holdings Co. Ltd. Japan sold 55,000 shares of Aflac stock. The shares were sold at an average price of $117.79, for a total transaction of $6,478,450.00.
  • On Tuesday, October 13th, Post Holdings Co. Ltd. Japan sold 42,000 shares of Aflac stock. The shares were sold at an average price of $116.38, for a total value of $4,887,960.00.
  • On Monday, October 12th, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The stock was sold at an average price of $115.85, for a total value of $1,413,370.00.
  • On Friday, October 9th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The stock was sold at an average price of $114.72, for a total value of $1,376,640.00.
  • On Thursday, October 8th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was sold at an average price of $114.45, for a total value of $1,487,850.00.
  • On Wednesday, October 7th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The stock was sold at an average price of $112.80, for a total value of $1,353,600.00.
  • On Tuesday, October 6th, Post Holdings Co. Ltd. Japan sold 13,050 shares of Aflac stock. The shares were sold at an average price of $113.49, for a total value of $1,481,044.50.
  • On Monday, October 5th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was sold at an average price of $112.25, for a total value of $1,459,250.00.
  • On Friday, October 2nd, Post Holdings Co. Ltd. Japan sold 13,200 shares of Aflac stock. The shares were sold at an average price of $111.30, for a total value of $1,469,160.00.
  • On Thursday, October 1st, Post Holdings Co. Ltd. Japan sold 11,900 shares of Aflac stock. The stock was sold at an average price of $111.18, for a total transaction of $1,323,042.00.

Aflac Price Performance




Shares of NYSE:AFL opened at $118.79 on Tuesday. Aflac Incorporated has a twelve month low of $105.43 and a twelve month high of $130.22. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $59.55 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.89 and a beta of 0.56. The company's 50 day moving average is $116.31 and its 200 day moving average is $117.33.

Aflac (NYSE:AFL - Get Free Report) last announced its quarterly earnings data 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). Aflac had a net margin of 26.91% and a return on equity of 13.27%. The business had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The business's revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Aflac Incorporated will post 7.04 EPS for the current 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 issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Aflac's dividend payout ratio (DPR) is 26.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Aflac from $116.00 to $119.00 and gave the company a "neutral" rating in a report on Thursday, October 15th. Weiss Ratings raised Aflac from a "buy (b)" rating to a "buy (a-)" rating in a research report on Tuesday, September 22nd. Evercore lifted their price objective on Aflac from $109.00 to $115.00 and gave the company an "underperform" rating in a research note on Monday, July 13th. Barclays reiterated an "underweight" rating and set a $101.00 price objective (up from $99.00) on shares of Aflac in a research note on Wednesday, October 7th. Finally, TD Cowen reissued 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Aflac has an average rating of "Hold" and a consensus price target of $117.20.

View Our Latest Research Report on AFL

Institutional Investors Weigh In On Aflac

A number of hedge funds and other institutional investors have recently made changes to their positions in AFL. BlackRock Inc. purchased a new stake in Aflac during the second quarter worth $4,093,787,000. Legal & General Group Plc purchased a new position in Aflac in the second quarter valued at $404,639,000. Bank of New York Mellon Corp purchased a new position in Aflac in the second quarter valued at $298,418,000. Bank of America Corp DE purchased a new position in Aflac in the second quarter valued at $244,516,000. Finally, First Trust Advisors LP raised its position in shares of Aflac by 161.9% in the first quarter. First Trust Advisors LP now owns 3,184,801 shares of the financial services provider's stock worth $349,405,000 after acquiring an additional 1,968,738 shares during the period. Institutional investors and hedge funds own 67.44% of the company's stock.

Aflac Company Profile

(Get Free Report)

Aflac Incorporated (NYSE:AFL) is an insurance company specializing in supplemental health and life insurance. Through its policies, the company helps individuals and families manage expenses that may not be fully covered by major medical insurance, including deductibles, copayments and other out-of-pocket costs.

Aflac offers products such as accident, cancer, critical illness, hospital indemnity, dental and vision, disability, life and long-term care insurance. Many of its supplemental policies provide cash benefits directly to policyholders, who can generally use the funds according to their individual needs.

See Also

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