Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells $1,477,504.00 in Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,800 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $115.43, for a total value of $1,477,504.00. Following the transaction, the insider owned 51,142,735 shares of the company’s stock, valued at $5,903,405,901.05. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s shares 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, June 10th, Post Holdings Co. Ltd. Japan sold 26,500 shares of Aflac stock. The stock was sold at an average price of $117.00, for a total value of $3,100,500.00.
  • On Monday, June 8th, Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock. The stock was sold at an average price of $116.05, for a total value of $1,613,095.00.
  • On Friday, June 5th, Post Holdings Co. Ltd. Japan sold 63,000 shares of Aflac stock. The stock was sold at an average price of $118.12, for a total value of $7,441,560.00.
  • 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 Tuesday, June 2nd, Post Holdings Co. Ltd. Japan sold 9,750 shares of Aflac stock. The stock was sold at an average price of $113.39, for a total value of $1,105,552.50.
  • 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 shares were 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 shares were 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 shares were sold at an average price of $117.03, for a total value of $2,106,540.00.

Aflac Stock Performance

Shares of NYSE:AFL opened at $117.56 on Friday. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $119.81. The firm has a market cap of $59.84 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11. The business has a fifty day moving average of $114.68 and a 200-day moving average of $111.99.

Aflac (NYSE:AFLGet Free Report) last announced its 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 net margin of 25.60% and a return on equity of 13.88%. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business posted $1.66 earnings per share. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, equities research analysts predict that Aflac Incorporated will post 7.08 EPS for the current fiscal year.

Aflac Dividend Announcement

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

Trending Headlines about Aflac

Here are the key news stories impacting Aflac this week:

  • Positive Sentiment: Aflac continues to be viewed as a dependable income stock, supported by 44 consecutive years of dividend growth and a recently paid quarterly dividend of $0.61 per share. The “Duck Stock” Keeps Quietly Making Money for Shareholders
  • Positive Sentiment: Analysts remain constructive enough to keep Aflac on the radar as a stable insurance name, with recent commentary highlighting reliable returns from dividends, buybacks, and supplemental insurance growth. 3 Insurance Stocks Hitting 52-Week Highs With More Room to Run
  • Neutral Sentiment: Recent market coverage describes Aflac as a steady, low-volatility insurer, but also suggests the stock’s quality may already be fairly priced in, limiting near-term upside. 4 Stocks Making New Highs Despite Market Weakness
  • Negative Sentiment: Post Holdings Co. Ltd. Japan has continued trimming its Aflac stake through a series of insider sales in June, which may create some investor concern even though the trades were disclosed under a 10b5-1 plan. SEC Filing

Institutional Trading of Aflac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AFL. DV Trading LLC boosted its holdings in Aflac by 450.0% during the first quarter. DV Trading LLC now owns 2,200 shares of the financial services provider’s stock worth $241,000 after buying an additional 1,800 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Aflac by 1.3% during the first quarter. Parallel Advisors LLC now owns 10,284 shares of the financial services provider’s stock worth $1,128,000 after buying an additional 127 shares during the last quarter. First Nebraska Trust Co bought a new position in Aflac during the first quarter worth about $310,000. Foguth Wealth Management LLC. bought a new position in Aflac during the first quarter worth about $467,000. Finally, Financial Solutions Advisory Group Inc. bought a new position in Aflac during the first quarter worth about $291,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on AFL shares. Barclays set a $99.00 target price on Aflac and gave the company an “underweight” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Evercore upgraded Aflac from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Keefe, Bruyette & Woods lifted their price objective on Aflac from $113.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, April 10th. Finally, Weiss Ratings lowered Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Aflac currently has a consensus rating of “Hold” and a consensus price target of $112.27.

Read Our Latest Research Report on Aflac

About Aflac

(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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