Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 13,600 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $116.74, for a total transaction of $1,587,664.00. Following the completion of the transaction, the insider owned 50,570,990 shares in the company, valued at approximately $5,903,657,372.60. This trade represents a 0.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major 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 Wednesday, September 16th, Post Holdings Co. Ltd. Japan sold 13,800 shares of Aflac stock. The shares were sold at an average price of $117.49, for a total transaction of $1,621,362.00.
- On Friday, September 11th, Post Holdings Co. Ltd. Japan sold 14,000 shares of Aflac stock. The shares were sold at an average price of $115.14, for a total transaction of $1,611,960.00.
- On Thursday, September 10th, Post Holdings Co. Ltd. Japan sold 13,300 shares of Aflac stock. The shares were sold at an average price of $114.32, for a total transaction of $1,520,456.00.
- On Tuesday, September 8th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The stock was sold at an average price of $115.44, for a total transaction of $1,569,984.00.
- On Friday, September 4th, Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock. The shares were sold at an average price of $117.47, for a total transaction of $1,762,050.00.
- On Thursday, September 3rd, Post Holdings Co. Ltd. Japan sold 20,000 shares of Aflac stock. The shares were sold at an average price of $118.49, for a total transaction of $2,369,800.00.
- On Wednesday, September 2nd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The stock was sold at an average price of $117.19, for a total value of $1,582,065.00.
- On Tuesday, September 1st, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $115.77, for a total value of $1,481,856.00.
- On Monday, August 31st, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $116.00, for a total value of $1,473,200.00.
- On Friday, August 28th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The shares were sold at an average price of $116.52, for a total value of $1,514,760.00.
Aflac Stock Down 0.2%
Shares of AFL opened at $116.32 on Friday. The company has a market capitalization of $58.31 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.88 and a beta of 0.59. Aflac Incorporated has a 52 week low of $105.43 and a 52 week high of $130.22. The stock’s 50-day moving average price is $120.62 and its 200-day moving average price is $116.46. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29.
Aflac Dividend Announcement
The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. Aflac’s dividend payout ratio is 26.15%.
Analysts Set New Price Targets
A number of research firms have weighed in on AFL. JPMorgan Chase & Co. cut their price objective on shares of Aflac from $117.00 to $116.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Wells Fargo & Company set a $122.00 target price on shares of Aflac and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Jefferies Financial Group restated a “hold” rating and set a $108.00 target price (up from $100.00) on shares of Aflac in a research report on Friday, July 10th. UBS Group restated a “neutral” rating and issued a $124.00 price target (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods upped their price target on Aflac from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $116.62.
Read Our Latest Stock Report on AFL
Institutional Trading of Aflac
Several institutional investors have recently modified their holdings of AFL. BlackRock Inc. purchased a new position in Aflac in the 2nd quarter valued at about $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Aflac by 27.8% during the 2nd 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 increased its stake in Aflac by 1.5% during the 1st 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. Norges Bank acquired a new position in shares of Aflac during the fourth quarter valued at approximately $420,078,000. Finally, Legal & General Group Plc purchased a new position in shares of Aflac in the second quarter valued at approximately $404,639,000. Institutional investors and hedge funds own 67.44% of the company’s stock.
Aflac Company Profile
Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.
Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.
Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.
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