Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,800 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $115.77, for a total transaction of $1,481,856.00. Following the completion of the sale, the insider owned 50,701,190 shares of the company’s stock, valued at approximately $5,869,676,766.30. The trade was a 0.03% decrease in their ownership of the stock. The transaction 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 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 Monday, August 31st, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.00, for a total transaction 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 transaction of $1,514,760.00.
- On Thursday, August 27th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.67, for a total value of $1,481,709.00.
- On Wednesday, August 26th, Post Holdings Co. Ltd. Japan sold 13,200 shares of Aflac stock. The stock was sold at an average price of $117.35, for a total transaction of $1,549,020.00.
- On Tuesday, August 25th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $116.49, for a total transaction of $1,479,423.00.
- 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 transaction 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 transaction 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 transaction of $1,486,535.00.
- On Tuesday, August 18th, Post Holdings Co. Ltd. Japan sold 14,200 shares of Aflac stock. The shares were sold at an average price of $121.94, for a total value of $1,731,548.00.
Aflac Stock Up 1.2%
Shares of AFL stock traded up $1.46 on Thursday, reaching $118.70. 245,414 shares of the company’s stock traded hands, compared to its average volume of 2,329,676. Aflac Incorporated has a 12-month low of $104.66 and a 12-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 company has a market capitalization of $59.51 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 1.87 and a beta of 0.59. The business’s 50 day moving average price is $121.54 and its two-hundred day moving average price is $116.24.
Aflac Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were given 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 payout ratio is currently 26.15%.
Institutional Investors Weigh In On Aflac
Institutional investors and hedge funds have recently modified their holdings of the company. Stephens Inc. AR boosted its stake in shares of Aflac by 0.4% during the 4th quarter. Stephens Inc. AR now owns 21,945 shares of the financial services provider’s stock worth $2,420,000 after acquiring an additional 91 shares during the period. Compound Planning Inc. boosted its holdings in shares of Aflac by 0.7% during the 1st quarter. Compound Planning Inc. now owns 13,743 shares of the financial services provider’s stock worth $1,508,000 after buying an additional 91 shares during the period. Root Financial Partners LLC grew its stake in Aflac by 4.5% in the 4th quarter. Root Financial Partners LLC now owns 2,119 shares of the financial services provider’s stock valued at $234,000 after buying an additional 92 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings in Aflac by 1.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 7,702 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 95 shares during the period. Finally, Studio Investment Management LLC boosted its holdings in shares of Aflac by 1.3% during the second quarter. Studio Investment Management LLC now owns 7,650 shares of the financial services provider’s stock worth $897,000 after acquiring an additional 96 shares during the period. 67.44% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
AFL has been the topic of a number of research reports. Wells Fargo & Company set a $122.00 target price on shares of Aflac and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Morgan Stanley upped their target price on shares of Aflac from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. TD Cowen restated a “hold” rating and issued a $110.00 price target (up from $101.00) on shares of Aflac in a report on Wednesday, July 22nd. Wall Street Zen downgraded shares of Aflac from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Barclays reaffirmed an “underweight” rating and issued a $99.00 target price (up from $98.00) on shares of Aflac in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Aflac currently has an average rating of “Hold” and an average target price of $116.62.
Get Our Latest Stock Report on AFL
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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