Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 9,750 shares of Aflac stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $113.39, for a total value of $1,105,552.50. Following the completion of the sale, the insider owned 51,265,035 shares in the company, valued at approximately $5,812,942,318.65. This represents a 0.02% decrease in their ownership of the stock. The sale 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. Large 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, June 3rd, Post Holdings Co. Ltd. Japan sold 16,300 shares of Aflac stock. The stock was sold at an average price of $115.19, for a total value of $1,877,597.00.
- 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 value 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 value of $1,037,300.00.
- On Thursday, May 28th, Post Holdings Co. Ltd. Japan sold 9,100 shares of Aflac stock. The stock was sold at an average price of $113.22, for a total value of $1,030,302.00.
- 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 value 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 value 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 value 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 value 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 value of $3,718,056.00.
- On Tuesday, May 19th, Post Holdings Co. Ltd. Japan sold 50,000 shares of Aflac stock. The shares were sold at an average price of $118.80, for a total value of $5,940,000.00.
Aflac Trading Up 2.7%
NYSE AFL opened at $118.37 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.26. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $119.81. The firm has a market capitalization of $60.25 billion, a PE ratio of 13.44, a P/E/G ratio of 2.02 and a beta of 0.61. The stock’s 50 day moving average is $113.89 and its 200 day moving average is $111.80.
Aflac Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were given a dividend of $0.61 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. Aflac’s payout ratio is currently 27.70%.
Institutional Investors Weigh In On Aflac
Several hedge funds have recently added to or reduced their stakes in AFL. Brighton Jones LLC boosted its holdings in Aflac by 64.4% in the fourth 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 boosted its holdings in Aflac by 4.3% in the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 183 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Aflac in the second quarter worth $280,000. Sei Investments Co. raised its stake in shares of Aflac by 11.2% in the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock worth $15,854,000 after purchasing an additional 15,105 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in shares of Aflac by 1.6% in the second quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock worth $1,261,000 after purchasing an additional 192 shares during the last quarter. 67.44% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on AFL. Mizuho set a $104.00 price target on Aflac in a research report on Monday, May 4th. Barclays set a $99.00 price target on Aflac and gave the company an “underweight” rating in a research report on Thursday, April 30th. Piper Sandler restated an “overweight” rating and set a $130.00 price target (up from $125.00) on shares of Aflac in a research report on Tuesday, May 26th. Wall Street Zen upgraded Aflac from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Keefe, Bruyette & Woods boosted their target price on Aflac from $113.00 to $115.00 and gave the stock a “market perform” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $112.27.
View Our Latest Stock Analysis on Aflac
About Aflac
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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