Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells $1,479,423.00 in Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,700 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $116.49, for a total transaction of $1,479,423.00. Following the completion of the sale, the insider owned 50,765,590 shares in the company, valued at $5,913,683,579.10. The trade was a 0.03% 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, August 24th, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The stock was sold at an average price of $118.02, for a total value of $1,593,270.00.
  • On Friday, August 21st, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The stock was sold at an average price of $116.28, for a total value of $1,500,012.00.
  • On Thursday, August 20th, Post Holdings Co. Ltd. Japan sold 13,100 shares of Aflac stock. The stock was sold at an average price of $116.60, for a total value of $1,527,460.00.
  • On Wednesday, August 19th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $117.05, for a total value of $1,486,535.00.
  • On Tuesday, August 18th, Post Holdings Co. Ltd. Japan sold 14,200 shares of Aflac stock. The stock was sold at an average price of $121.94, for a total value of $1,731,548.00.
  • On Monday, August 17th, Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock. The stock was sold at an average price of $121.33, for a total transaction of $1,686,487.00.
  • On Friday, August 14th, Post Holdings Co. Ltd. Japan sold 14,100 shares of Aflac stock. The shares were sold at an average price of $121.43, for a total transaction of $1,712,163.00.
  • On Thursday, August 13th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The shares were sold at an average price of $121.09, for a total transaction of $1,574,170.00.
  • On Monday, June 22nd, Post Holdings Co. Ltd. Japan sold 27,845 shares of Aflac stock. The shares were sold at an average price of $116.71, for a total value of $3,249,789.95.
  • On Thursday, June 18th, Post Holdings Co. Ltd. Japan sold 3,300 shares of Aflac stock. The stock was sold at an average price of $116.92, for a total value of $385,836.00.

Aflac Price Performance

NYSE AFL traded down $0.78 on Thursday, reaching $116.67. The company’s stock had a trading volume of 270,756 shares, compared to its average volume of 2,316,598. Aflac Incorporated has a twelve month low of $104.66 and a twelve month high of $130.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The firm’s 50 day moving average is $121.58 and its two-hundred day moving average is $116.21. The stock has a market cap of $58.49 billion, a PE ratio of 12.49, a PEG ratio of 1.87 and a beta of 0.60.

Aflac (NYSE:AFLGet Free Report) last released its earnings results on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, August 19th. Aflac’s payout ratio is presently 26.15%.

Institutional Trading of Aflac

A number of hedge funds have recently made changes to their positions in AFL. California State Teachers Retirement System increased its stake in Aflac by 11,094.0% in the 2nd quarter. California State Teachers Retirement System now owns 86,458,157 shares of the financial services provider’s stock valued at $10,137,219,000 after buying an additional 85,685,796 shares during the period. BlackRock Inc. acquired a new stake in shares of Aflac during the 2nd quarter valued at $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 valued at $609,843,000 after acquiring an additional 1,132,091 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Aflac by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock worth $499,216,000 after acquiring an additional 67,650 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Aflac in the fourth quarter worth $420,078,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen lowered Aflac from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, August 21st. JPMorgan Chase & Co. reduced their price objective on shares of Aflac from $117.00 to $116.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Piper Sandler reiterated an “overweight” rating and issued a $138.00 target price (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Finally, Mizuho set a $116.00 target price on shares of Aflac in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Aflac presently has a consensus rating of “Hold” and an average target price of $116.62.

Check Out Our Latest Analysis on AFL

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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