Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 28,800 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $117.17, for a total value of $3,374,496.00. Following the transaction, the insider owned 50,985,935 shares of the company’s stock, valued at approximately $5,974,022,003.95. This represents a 0.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 sales and purchases with the SEC.
Post Holdings Co. Ltd. Japan also recently made the following trade(s):
- On Tuesday, June 16th, Post Holdings Co. Ltd. Japan sold 30,000 shares of Aflac stock. The shares were sold at an average price of $117.39, for a total transaction of $3,521,700.00.
- On Friday, June 12th, Post Holdings Co. Ltd. Japan sold 53,000 shares of Aflac stock. The shares were sold at an average price of $117.74, for a total transaction of $6,240,220.00.
- On Thursday, June 11th, Post Holdings Co. Ltd. Japan sold 48,500 shares of Aflac stock. The stock was sold at an average price of $117.20, for a total transaction of $5,684,200.00.
- On Wednesday, June 10th, Post Holdings Co. Ltd. Japan sold 26,500 shares of Aflac stock. The stock was sold at an average price of $117.00, for a total transaction of $3,100,500.00.
- On Tuesday, June 9th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The stock was sold at an average price of $115.43, for a total transaction of $1,477,504.00.
- On Monday, June 8th, Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock. The shares were sold at an average price of $116.05, for a total transaction of $1,613,095.00.
- On Friday, June 5th, Post Holdings Co. Ltd. Japan sold 63,000 shares of Aflac stock. The shares were sold at an average price of $118.12, for a total transaction of $7,441,560.00.
- On Wednesday, June 3rd, Post Holdings Co. Ltd. Japan sold 16,300 shares of Aflac stock. The stock was sold at an average price of $115.19, for a total transaction of $1,877,597.00.
- On Tuesday, June 2nd, Post Holdings Co. Ltd. Japan sold 9,750 shares of Aflac stock. The stock was sold at an average price of $113.39, for a total transaction of $1,105,552.50.
- On Monday, June 1st, Post Holdings Co. Ltd. Japan sold 9,060 shares of Aflac stock. The stock was sold at an average price of $112.53, for a total transaction of $1,019,521.80.
Aflac Stock Performance
Aflac stock opened at $115.50 on Friday. The stock’s 50 day simple moving average is $115.17 and its two-hundred day simple moving average is $112.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $58.79 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 2.04 and a beta of 0.61. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $119.81.
Aflac Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Aflac’s dividend payout ratio is presently 27.70%.
Institutional Investors Weigh In On Aflac
Several institutional investors and hedge funds have recently made changes to their positions in AFL. Western Wealth Management LLC increased its holdings in shares of Aflac by 409.3% in the 1st quarter. Western Wealth Management LLC now owns 11,881 shares of the financial services provider’s stock worth $1,303,000 after purchasing an additional 9,548 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Aflac by 47.2% during the first quarter. Empowered Funds LLC now owns 65,296 shares of the financial services provider’s stock valued at $7,164,000 after purchasing an additional 20,939 shares in the last quarter. DV Trading LLC boosted its position in shares of Aflac by 450.0% during the first quarter. DV Trading LLC now owns 2,200 shares of the financial services provider’s stock valued at $241,000 after buying an additional 1,800 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Aflac by 1.3% during the first quarter. Parallel Advisors LLC now owns 10,284 shares of the financial services provider’s stock valued at $1,128,000 after buying an additional 127 shares during the last quarter. Finally, First Nebraska Trust Co bought a new stake in Aflac in the 1st quarter worth about $310,000. Institutional investors own 67.44% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on AFL. Mizuho set a $104.00 price objective on Aflac in a research report on Monday, May 4th. UBS Group reduced their target price on shares of Aflac from $116.00 to $114.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Keefe, Bruyette & Woods increased their price target on shares of Aflac from $113.00 to $115.00 and gave the stock a “market perform” rating in a research note on Friday, April 10th. Wells Fargo & Company lowered their price target on shares of Aflac from $116.00 to $111.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Finally, Morgan Stanley boosted their price objective on shares of Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $112.27.
Get Our Latest Analysis on Aflac
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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