Aflac (NYSE:AFL) Major Shareholder Post Holdings Co. Ltd. Japan Sells 19,600 Shares

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 19,600 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $109.85, for a total value of $2,153,060.00. Following the completion of the transaction, the insider directly owned 51,954,900 shares in the company, valued at approximately $5,707,245,765. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major 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 Wednesday, March 25th, Post Holdings Co. Ltd. Japan sold 14,200 shares of Aflac stock. The shares were sold at an average price of $107.03, for a total transaction of $1,519,826.00.
  • On Monday, March 23rd, Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock. The stock was sold at an average price of $106.78, for a total transaction of $1,601,700.00.
  • On Friday, March 20th, Post Holdings Co. Ltd. Japan sold 16,800 shares of Aflac stock. The shares were sold at an average price of $106.47, for a total transaction of $1,788,696.00.
  • On Thursday, March 19th, Post Holdings Co. Ltd. Japan sold 10,100 shares of Aflac stock. The stock was sold at an average price of $107.41, for a total transaction of $1,084,841.00.
  • On Wednesday, March 18th, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The shares were sold at an average price of $108.43, for a total transaction of $1,322,846.00.
  • On Tuesday, March 17th, Post Holdings Co. Ltd. Japan sold 15,700 shares of Aflac stock. The shares were sold at an average price of $109.77, for a total value of $1,723,389.00.
  • On Friday, March 13th, Post Holdings Co. Ltd. Japan sold 17,400 shares of Aflac stock. The stock was sold at an average price of $109.14, for a total value of $1,899,036.00.
  • On Thursday, March 12th, Post Holdings Co. Ltd. Japan sold 17,900 shares of Aflac stock. The shares were sold at an average price of $109.60, for a total value of $1,961,840.00.
  • On Wednesday, March 11th, Post Holdings Co. Ltd. Japan sold 18,100 shares of Aflac stock. The shares were sold at an average price of $109.53, for a total value of $1,982,493.00.
  • On Tuesday, March 10th, Post Holdings Co. Ltd. Japan sold 19,000 shares of Aflac stock. The stock was sold at an average price of $110.47, for a total value of $2,098,930.00.

Aflac Stock Up 0.0%

Shares of NYSE AFL opened at $110.51 on Friday. The stock has a market capitalization of $56.93 billion, a P/E ratio of 16.06, a PEG ratio of 3.62 and a beta of 0.66. The stock’s fifty day moving average is $111.25 and its 200 day moving average is $110.39. Aflac Incorporated has a 52 week low of $96.95 and a 52 week high of $119.32. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11.

Aflac (NYSE:AFLGet Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.12). The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.45 billion. Aflac had a return on equity of 14.35% and a net margin of 21.24%.The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 EPS. Sell-side analysts forecast that Aflac Incorporated will post 6.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. TD Cowen restated a “hold” rating on shares of Aflac in a research report on Monday, December 22nd. Barclays set a $101.00 price target on Aflac and gave the stock an “underweight” rating in a report on Thursday, January 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $113.00 price objective on shares of Aflac in a research note on Thursday, March 26th. Wells Fargo & Company boosted their target price on Aflac from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Aflac in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $112.00.

Read Our Latest Research Report on AFL

Institutional Trading of Aflac

Hedge funds and other institutional investors have recently made changes to their positions in the company. True Wealth Design LLC grew its holdings in Aflac by 188.5% during the 3rd quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 147 shares during the last quarter. Quarry LP bought a new position in shares of Aflac during the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Aflac during the fourth quarter worth $29,000. Navalign LLC acquired a new position in shares of Aflac during the fourth quarter worth $32,000. Finally, Darwin Wealth Management LLC acquired a new stake in Aflac in the second quarter valued at $33,000. 67.44% of the stock is currently owned by institutional investors.

Aflac Company Profile

(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.

Recommended Stories

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

Receive News & Ratings for Aflac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac and related companies with MarketBeat.com's FREE daily email newsletter.