Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells $1,899,036.00 in Stock

Aflac Incorporated (NYSE:AFL) major shareholder Post Holdings Co. Ltd. Japan sold 17,400 shares of Aflac stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $109.14, for a total value of $1,899,036.00. Following the completion of the sale, the insider directly owned 52,132,700 shares in the company, valued at $5,689,762,878. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, March 17th, Post Holdings Co. Ltd. Japan sold 15,700 shares of Aflac stock. The stock was sold at an average price of $109.77, for a total transaction of $1,723,389.00.
• On Thursday, March 12th, Post Holdings Co. Ltd. Japan sold 17,900 shares of Aflac stock. The shares were sold at an average price of $109.60, for a total transaction of $1,961,840.00.
• On Wednesday, March 11th, Post Holdings Co. Ltd. Japan sold 18,100 shares of Aflac stock. The shares were sold at an average price of $109.53, for a total value of $1,982,493.00.
• On Tuesday, March 10th, Post Holdings Co. Ltd. Japan sold 19,000 shares of Aflac stock. The shares were sold at an average price of $110.47, for a total value of $2,098,930.00.
• On Monday, March 9th, Post Holdings Co. Ltd. Japan sold 17,300 shares of Aflac stock. The shares were sold at an average price of $109.62, for a total transaction of $1,896,426.00.
• On Friday, March 6th, Post Holdings Co. Ltd. Japan sold 19,100 shares of Aflac stock. The shares were sold at an average price of $110.77, for a total transaction of $2,115,707.00.
• On Thursday, March 5th, Post Holdings Co. Ltd. Japan sold 19,300 shares of Aflac stock. The stock was sold at an average price of $110.96, for a total value of $2,141,528.00.

Aflac Stock Performance

NYSE AFL opened at $107.21 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock has a market cap of $55.36 billion, a PE ratio of 15.58, a P/E/G ratio of 3.53 and a beta of 0.66. The stock has a fifty day simple moving average of $111.42 and a 200-day simple moving average of $110.33. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $119.32.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.12). Aflac had a net margin of 21.24% and a return on equity of 14.35%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. Aflac’s revenue was down 9.6% on a year-over-year basis. Equities analysts anticipate that Aflac Incorporated will post 6.88 earnings per share for the current year.

Institutional Investors Weigh In On Aflac

Large investors have recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Aflac by 64.4% during the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock worth $1,507,000 after acquiring an additional 5,708 shares in the last quarter. Bison Wealth LLC grew its position in Aflac by 4.3% during the 4th quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 183 shares during the last quarter. Empower Advisory Group LLC grew its holdings in shares of Aflac by 7.2% during the second quarter. Empower Advisory Group LLC now owns 3,622 shares of the financial services provider’s stock worth $382,000 after buying an additional 243 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Aflac by 5.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 119,337 shares of the financial services provider’s stock valued at $12,585,000 after purchasing an additional 6,144 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in Aflac by 6.3% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 7,507 shares of the financial services provider’s stock valued at $792,000 after buying an additional 447 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AFL has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of Aflac in a research report on Monday, December 22nd. Wells Fargo & Company increased their target price on Aflac from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. lifted their target price on Aflac from $101.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Mizuho set a $107.00 price target on shares of Aflac in a research note on Monday, February 9th. Finally, Wall Street Zen cut shares of Aflac from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.73.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.