Aflac (NYSE:AFL) Major Shareholder Sells $1,030,302.00 in Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 9,100 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $113.22, for a total transaction of $1,030,302.00. Following the transaction, the insider directly owned 51,293,045 shares in the company, valued at $5,807,398,554.90. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sales and purchases with the SEC.

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

  • On Monday, June 1st, Post Holdings Co. Ltd. Japan sold 9,060 shares of Aflac stock. The stock was sold at an average price of $112.53, for a total transaction of $1,019,521.80.
  • On Friday, May 29th, Post Holdings Co. Ltd. Japan sold 9,200 shares of Aflac stock. The stock was sold at an average price of $112.75, for a total transaction of $1,037,300.00.
  • On Wednesday, May 27th, Post Holdings Co. Ltd. Japan sold 11,400 shares of Aflac stock. The stock was sold at an average price of $115.50, for a total transaction of $1,316,700.00.
  • On Tuesday, May 26th, Post Holdings Co. Ltd. Japan sold 18,000 shares of Aflac stock. The stock was sold at an average price of $117.03, for a total transaction of $2,106,540.00.
  • On Friday, May 22nd, Post Holdings Co. Ltd. Japan sold 31,100 shares of Aflac stock. The stock was sold at an average price of $117.78, for a total transaction of $3,662,958.00.
  • On Thursday, May 21st, Post Holdings Co. Ltd. Japan sold 30,400 shares of Aflac stock. The stock was sold at an average price of $117.61, for a total transaction of $3,575,344.00.
  • On Wednesday, May 20th, Post Holdings Co. Ltd. Japan sold 31,600 shares of Aflac stock. The stock was sold at an average price of $117.66, for a total transaction of $3,718,056.00.
  • On Tuesday, May 19th, Post Holdings Co. Ltd. Japan sold 50,000 shares of Aflac stock. The stock was sold at an average price of $118.80, for a total transaction of $5,940,000.00.
  • On Monday, May 18th, Post Holdings Co. Ltd. Japan sold 41,700 shares of Aflac stock. The stock was sold at an average price of $118.45, for a total transaction of $4,939,365.00.
  • On Friday, May 15th, Post Holdings Co. Ltd. Japan sold 23,500 shares of Aflac stock. The stock was sold at an average price of $116.85, for a total transaction of $2,745,975.00.

Aflac Stock Up 0.6%

AFL opened at $114.32 on Thursday. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $119.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. The firm’s fifty day moving average price is $113.48 and its two-hundred day moving average price is $111.75. The company has a market capitalization of $58.19 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.99 and a beta of 0.61.

Aflac (NYSE:AFLGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). Aflac had a return on equity of 13.88% and a net margin of 25.60%.The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. On average, analysts anticipate that Aflac Incorporated will post 7.08 EPS for the current year.

Aflac Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.61 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. Aflac’s payout ratio is currently 27.70%.

Institutional Trading of Aflac

A number of hedge funds and other institutional investors have recently made changes to their positions in AFL. Vanguard Group Inc. increased its stake in shares of Aflac by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider’s stock valued at $6,301,056,000 after buying an additional 6,759,169 shares in the last quarter. Norges Bank acquired a new stake in shares of Aflac in the fourth quarter valued at $420,078,000. First Trust Advisors LP increased its stake 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 valued at $349,405,000 after buying an additional 1,968,738 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Aflac by 1,184.5% in the third quarter. AQR Capital Management LLC now owns 1,264,090 shares of the financial services provider’s stock valued at $141,199,000 after buying an additional 1,165,676 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Aflac by 390.7% in the fourth quarter. Marshall Wace LLP now owns 1,111,711 shares of the financial services provider’s stock valued at $122,588,000 after buying an additional 885,141 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on AFL shares. Mizuho set a $104.00 price objective on Aflac in a report on Monday, May 4th. Weiss Ratings cut Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. Piper Sandler reissued an “overweight” rating and set a $130.00 price objective (up from $125.00) on shares of Aflac in a report on Tuesday, May 26th. Wells Fargo & Company cut their price objective on Aflac from $116.00 to $111.00 and set an “equal weight” rating for the company in a report on Tuesday, May 5th. Finally, Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Aflac has a consensus rating of “Hold” and a consensus target price of $112.27.

Read Our Latest Research Report on AFL

More Aflac News

Here are the key news stories impacting Aflac this week:

  • Positive Sentiment: Piper Sandler reportedly raised its price target on Aflac and maintained an overweight view on insurance carriers, which can support sentiment toward the stock. Piper Sandler Raises Aflac (AFL) Price Target, Favors Insurance Carriers over Brokers
  • Positive Sentiment: The company recently paid its quarterly dividend of $0.61 per share, reinforcing Aflac’s appeal as a cash-generating insurer with a roughly 2.1% annual yield.
  • Neutral Sentiment: Aflac’s shares were noted around the low-$113 area, near recent moving averages, while a DCF-based analysis suggested the stock is fairly valued near $110, implying limited immediate upside or downside from valuation alone. AFL Fairly Valued by DCF at $110
  • Negative Sentiment: Post Holdings Co. Ltd. Japan, Aflac’s major shareholder, disclosed another small insider sale, continuing a recent string of planned share reductions. Such repeated selling can create a mild overhang on sentiment. SEC filing

Aflac Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Aflac (NYSE:AFL)

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