Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells $1,371,656.00 in Stock

Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,100 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $113.36, for a total value of $1,371,656.00. Following the completion of the transaction, the insider owned 50,445,290 shares in the company, valued at $5,718,478,074.40. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major 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 Monday, September 28th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The shares were sold at an average price of $113.63, for a total transaction of $1,363,560.00.
  • On Thursday, September 24th, Post Holdings Co. Ltd. Japan sold 12,100 shares of Aflac stock. The shares were sold at an average price of $114.64, for a total transaction of $1,387,144.00.
  • On Wednesday, September 23rd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The stock was sold at an average price of $115.20, for a total transaction of $1,555,200.00.
  • On Monday, September 21st, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The shares were sold at an average price of $115.49, for a total transaction of $1,408,978.00.
  • On Friday, September 18th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $116.22, for a total transaction of $1,487,616.00.
  • On Thursday, September 17th, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The shares were sold at an average price of $116.58, for a total transaction of $1,503,882.00.
  • On Wednesday, September 16th, Post Holdings Co. Ltd. Japan sold 13,800 shares of Aflac stock. The stock was sold at an average price of $117.49, for a total transaction of $1,621,362.00.
  • On Monday, September 14th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The stock was sold at an average price of $116.74, for a total value of $1,587,664.00.
  • 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 value of $1,611,960.00.
  • On Thursday, September 10th, Post Holdings Co. Ltd. Japan sold 13,300 shares of Aflac stock. The stock was sold at an average price of $114.32, for a total value of $1,520,456.00.

Aflac Stock Up 0.3%

AFL opened at $111.49 on Friday. The company has a market capitalization of $55.90 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.80 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. Aflac Incorporated has a fifty-two week low of $105.43 and a fifty-two week high of $130.22. The business has a 50-day moving average of $118.60 and a 200-day moving average of $116.63.

Aflac (NYSE:AFL – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The firm had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 EPS. Equities research analysts forecast that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 19th were paid a dividend of $0.61 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.44 annualized dividend and a dividend yield of 2.2%. Aflac’s dividend payout ratio is 26.15%.

Analyst Ratings Changes

Several research firms recently issued reports on AFL. Weiss Ratings raised shares of Aflac from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, September 22nd. JPMorgan Chase & Co. cut their target price on Aflac from $117.00 to $116.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Piper Sandler reiterated an “overweight” rating and set a $138.00 price target (up from $130.00) on shares of Aflac in a research note on Monday, August 10th. Keefe, Bruyette & Woods increased their price objective on Aflac from $120.00 to $125.00 and gave the company a “market perform” rating in a report on Tuesday, August 11th. Finally, Mizuho set a $116.00 price objective on Aflac in a 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 given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Aflac has a consensus rating of “Hold” and a consensus target price of $116.62.

View Our Latest Research Report on AFL

Institutional Investors Weigh In On Aflac

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Aflac in the 2nd quarter valued at approximately $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Aflac by 27.8% during the second 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Aflac by 1.5% during 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 buying an additional 67,650 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Aflac in the second quarter valued at approximately $404,639,000. Finally, Amundi boosted its position in shares of Aflac by 22.6% in the first quarter. Amundi now owns 3,268,209 shares of the financial services provider’s stock valued at $358,555,000 after acquiring an additional 603,426 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.

About Aflac

(Get Free Report)

Aflac Incorporated (NYSE: AFL) is an insurance company that provides supplemental health and life insurance products to individuals, employers and groups. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with illness, injury and other qualifying events.

The company’s products include accident, cancer, critical illness, hospital indemnity, disability, dental, vision and life insurance. Aflac distributes its policies through workplace benefits programs, independent agents, brokers and other distribution channels.

Founded in 1955 as American Family Life Assurance Company of Columbus, Aflac has its headquarters in Columbus, Georgia.

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Insider Buying and Selling by Quarter for Aflac (NYSE:AFL)

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