Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $116.67, for a total value of $1,481,709.00. Following the sale, the insider owned 50,739,690 shares of the company’s stock, valued at approximately $5,919,799,632.30. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 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 Friday, August 28th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was sold at an average price of $116.52, for a total transaction of $1,514,760.00.
- 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 shares were sold at an average price of $118.02, for a total transaction of $1,593,270.00.
- On Friday, August 21st, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The shares were 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 stock was 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 stock was sold at an average price of $121.94, for a total transaction of $1,731,548.00.
- On Monday, August 17th, Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock. The shares were sold at an average price of $121.33, for a total transaction of $1,686,487.00.
- On Friday, August 14th, Post Holdings Co. Ltd. Japan sold 14,100 shares of Aflac stock. The shares were sold at an average price of $121.43, for a total transaction of $1,712,163.00.
Aflac Stock Down 0.0%
Shares of NYSE AFL opened at $115.83 on Wednesday. Aflac Incorporated has a 52-week low of $104.66 and a 52-week high of $130.22. The firm has a market capitalization of $58.07 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.87 and a beta of 0.60. The stock has a 50 day moving average price of $121.55 and a 200 day moving average price of $116.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12.
Aflac Dividend Announcement
The company 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 2.1%. Aflac’s dividend payout ratio (DPR) is currently 26.15%.
Analysts Set New Price Targets
AFL has been the subject of a number of research reports. UBS Group reaffirmed a “neutral” rating and issued a $124.00 price objective (up from $114.00) on shares of Aflac in a research note on Wednesday, July 8th. TD Cowen reissued a “hold” rating and set a $110.00 target price (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. Wells Fargo & Company set a $122.00 price target on shares of Aflac and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $108.00 price target (up from $100.00) on shares of Aflac in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Aflac from $117.00 to $116.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Aflac has an average rating of “Hold” and a consensus price target of $116.62.
View Our Latest Stock Analysis on AFL
Institutional Investors Weigh In On Aflac
A number of hedge funds have recently made changes to their positions in AFL. Corient Private Wealth LP raised its holdings in Aflac by 7.4% in the second quarter. Corient Private Wealth LP now owns 496,085 shares of the financial services provider’s stock worth $58,166,000 after purchasing an additional 34,307 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Aflac by 5.1% in the 2nd quarter. HighTower Advisors LLC now owns 884,735 shares of the financial services provider’s stock valued at $103,735,000 after buying an additional 42,749 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Aflac in the 2nd quarter valued at about $1,899,000. California State Teachers Retirement System grew its position in shares of Aflac by 11,094.0% in the 2nd quarter. California State Teachers Retirement System now owns 86,458,157 shares of the financial services provider’s stock worth $10,137,219,000 after buying an additional 85,685,796 shares during the last quarter. Finally, Studio Investment Management LLC lifted its position in Aflac by 1.3% during the second quarter. Studio Investment Management LLC now owns 7,650 shares of the financial services provider’s stock valued at $897,000 after acquiring an additional 96 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.
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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