Key Points
- Post Holdings Co. Ltd. Japan sold 13,000 Aflac shares at an average price of $126.89, for about $1.65 million. The pre-arranged Rule 10b5-1 sale reduced its stake by 0.03%, leaving it with roughly 50.1 million shares.
- Aflac reported quarterly EPS of $2.43, beating the $1.80 consensus estimate, and revenue of $4.30 billion. Revenue was down 31% year over year.
- Aflac raised its quarterly dividend from $0.61 to $0.64 per share, equivalent to $2.56 annually and an approximately 2.0% yield. Analyst sentiment was mixed, with a consensus rating of “Hold.”
Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,000 shares of the firm's stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $126.89, for a total value of $1,649,570.00. Following the transaction, the insider directly owned 50,121,329 shares in the company, valued at $6,359,895,436.81. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 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 Thursday, October 15th, Post Holdings Co. Ltd. Japan sold 113,611 shares of Aflac stock. The shares were sold at an average price of $118.53, for a total transaction of $13,466,311.83.
- 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 stock was sold at an average price of $116.38, for a total transaction of $4,887,960.00.
- On Monday, October 12th, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The shares were sold at an average price of $115.85, for a total transaction of $1,413,370.00.
- On Friday, October 9th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The shares were sold at an average price of $114.72, for a total transaction of $1,376,640.00.
- On Thursday, October 8th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The shares were sold at an average price of $114.45, for a total transaction of $1,487,850.00.
- On Wednesday, October 7th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The shares were sold at an average price of $112.80, for a total transaction of $1,353,600.00.
- On Tuesday, October 6th, Post Holdings Co. Ltd. Japan sold 13,050 shares of Aflac stock. The stock was sold at an average price of $113.49, for a total transaction 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 transaction of $1,459,250.00.
- On Friday, October 2nd, Post Holdings Co. Ltd. Japan sold 13,200 shares of Aflac stock. The stock was sold at an average price of $111.30, for a total transaction of $1,469,160.00.
Aflac Trading Down 0.6%
Shares of NYSE:AFL opened at $126.41 on Friday. The company has a 50 day moving average of $118.29 and a 200-day moving average of $116.57. The firm has a market cap of $62.52 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.79 and a beta of 0.55. Aflac Incorporated has a twelve month low of $105.76 and a twelve month high of $131.18. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30.
Aflac (NYSE:AFL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.63. Aflac had a net margin of 21.24% and a return on equity of 12.82%. The business had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same period last year, the firm posted $2.49 earnings per share. The business's revenue was down 31.0% on a year-over-year basis. As a group, analysts anticipate that Aflac Incorporated will post 7.29 earnings per share for the current fiscal year.
Aflac Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 1st. Shareholders of record on Wednesday, February 17th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.0%. This is a positive change from Aflac's previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, February 17th. Aflac's payout ratio is currently 35.57%.
Latest Aflac News
Investors following AFL have been watching these news items:
- Positive Sentiment: Aflac raised its quarterly dividend 4.9%, from $0.61 to $0.64 per share. The $2.56 annualized payout equates to a yield of about 2.0%; payment is scheduled for March 1, 2027, to shareholders of record February 17. Aflac dividend announcement
- Neutral Sentiment: Major shareholder Post Holdings’ Japan entity sold 13,000 shares, while director Joseph Moskowitz sold 600. Both sales were made under pre-arranged Rule 10b5-1 plans; the sales are small relative to their remaining holdings and may not indicate a change in outlook.
- Negative Sentiment: Analyst target increases still leave valuations below the recent market price, and ratings are cautious: Wells Fargo lifted its target to $124 but kept an “equal weight” rating; Mizuho raised its target to $117 while maintaining “underperform.” JPMorgan also raised its target, to $121 from $119. These targets may temper the positive dividend signal. Wells Fargo target update JPMorgan target update
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Aflac from $116.00 to $119.00 and gave the company a "neutral" rating in a research note on Thursday, October 15th. Piper Sandler boosted their price objective on Aflac from $138.00 to $143.00 and gave the stock an "overweight" rating in a research note on Monday. Wells Fargo & Company boosted their price objective on Aflac from $116.00 to $124.00 and gave the stock an "equal weight" rating in a research note on Thursday. TD Cowen restated 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. Finally, Bank of America decreased their target price on Aflac from $137.00 to $133.00 and set a "buy" rating for the company in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $118.73.
Check Out Our Latest Stock Analysis on AFL
Hedge Funds Weigh In On Aflac
Several hedge funds have recently made changes to their positions in AFL. BlackRock Inc. bought a new stake in shares of Aflac in the 2nd quarter worth approximately $4,093,787,000. First Trust Advisors LP lifted its stake in Aflac by 98.0% during the third quarter. First Trust Advisors LP now owns 5,223,056 shares of the financial services provider's stock valued at $583,833,000 after purchasing an additional 2,584,948 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aflac by 27.8% during the second 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 boosted its holdings in Aflac by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider's stock worth $499,216,000 after buying an additional 67,650 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Aflac during the second quarter worth approximately $404,639,000. Institutional investors and hedge funds 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 to individuals and businesses. Its products are designed to help customers manage expenses that may not be covered by major medical insurance, including costs associated with accidents, cancer, critical illness and hospital stays. The company operates primarily in the United States and Japan. In the U.S., Aflac offers workplace benefits such as accident, disability, dental, vision and life insurance. In Japan, it provides products including cancer, medical and life insurance.
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