Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 31,100 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $117.78, for a total transaction of $3,662,958.00. Following the completion of the transaction, the insider directly owned 51,331,545 shares in the company, valued at approximately $6,045,829,370.10. The trade was a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more 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 Thursday, May 21st, Post Holdings Co. Ltd. Japan sold 30,400 shares of Aflac stock. The shares were sold at an average price of $117.61, for a total transaction 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 transaction of $3,718,056.00.
- On Tuesday, May 19th, Post Holdings Co. Ltd. Japan sold 50,000 shares of Aflac stock. The stock was sold at an average price of $118.80, for a total transaction of $5,940,000.00.
- On Monday, May 18th, Post Holdings Co. Ltd. Japan sold 41,700 shares of Aflac stock. The stock was sold at an average price of $118.45, for a total transaction of $4,939,365.00.
- On Friday, May 15th, Post Holdings Co. Ltd. Japan sold 23,500 shares of Aflac stock. The shares were sold at an average price of $116.85, for a total transaction of $2,745,975.00.
- On Thursday, May 14th, Post Holdings Co. Ltd. Japan sold 24,500 shares of Aflac stock. The stock was sold at an average price of $116.42, for a total value of $2,852,290.00.
- On Wednesday, May 13th, Post Holdings Co. Ltd. Japan sold 24,200 shares of Aflac stock. The shares were sold at an average price of $115.36, for a total value of $2,791,712.00.
- On Tuesday, May 12th, Post Holdings Co. Ltd. Japan sold 24,300 shares of Aflac stock. The shares were sold at an average price of $115.97, for a total value of $2,818,071.00.
- On Monday, May 11th, Post Holdings Co. Ltd. Japan sold 24,100 shares of Aflac stock. The stock was sold at an average price of $114.85, for a total value of $2,767,885.00.
- On Thursday, April 9th, Post Holdings Co. Ltd. Japan sold 86,155 shares of Aflac stock. The shares were sold at an average price of $113.24, for a total value of $9,756,192.20.
Aflac Stock Performance
Aflac stock traded down $1.75 during midday trading on Wednesday, hitting $115.07. The stock had a trading volume of 412,255 shares, compared to its average volume of 2,286,265. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $119.81. The company has a market capitalization of $58.57 billion, a PE ratio of 13.08, a P/E/G ratio of 2.07 and a beta of 0.62. The firm’s fifty day moving average is $112.81 and its two-hundred day moving average is $111.78. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26.
Aflac Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be paid a dividend of $0.61 per share. The ex-dividend date is Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. Aflac’s payout ratio is 27.70%.
Analysts Set New Price Targets
A number of research firms have commented on AFL. Wells Fargo & Company decreased their price target on Aflac from $116.00 to $111.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 5th. Barclays set a $99.00 target price on Aflac and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley boosted their price target on Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $130.00 price objective (up from $125.00) on shares of Aflac in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Aflac presently has an average rating of “Hold” and an average target price of $112.27.
View Our Latest Analysis on Aflac
Institutional Investors Weigh In On Aflac
Several large investors have recently bought and sold shares of AFL. Vanguard Group Inc. lifted its position in Aflac by 13.4% during the fourth quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider’s stock valued at $6,301,056,000 after purchasing an additional 6,759,169 shares during the last quarter. Norges Bank bought a new stake in shares of Aflac in the 4th quarter worth about $420,078,000. First Trust Advisors LP raised its position in shares of Aflac by 161.9% during the 1st quarter. First Trust Advisors LP now owns 3,184,801 shares of the financial services provider’s stock valued at $349,405,000 after buying an additional 1,968,738 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Aflac by 1,184.5% during the 3rd quarter. AQR Capital Management LLC now owns 1,264,090 shares of the financial services provider’s stock valued at $141,199,000 after buying an additional 1,165,676 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Aflac by 390.7% in the 4th quarter. Marshall Wace LLP now owns 1,111,711 shares of the financial services provider’s stock valued at $122,588,000 after acquiring an additional 885,141 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.
Aflac Company Profile
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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