Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,700 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $116.00, for a total value of $1,473,200.00. Following the completion of the transaction, the insider directly owned 50,713,990 shares of the company’s stock, valued at approximately $5,882,822,840. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 Thursday, August 27th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.67, for a total transaction of $1,481,709.00.
- 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 stock was sold at an average price of $116.28, for a total value 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 value 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 value of $1,486,535.00.
- On Tuesday, August 18th, Post Holdings Co. Ltd. Japan sold 14,200 shares of Aflac stock. The shares were sold at an average price of $121.94, for a total value 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 value of $1,686,487.00.
Aflac Trading Up 1.0%
AFL stock traded up $1.10 during trading on Wednesday, reaching $117.12. 314,773 shares of the stock traded hands, compared to its average volume of 2,330,288. The firm has a market capitalization of $58.72 billion, a PE ratio of 12.57, a P/E/G ratio of 1.87 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The business’s 50 day moving average price is $121.55 and its 200-day moving average price is $116.23. Aflac Incorporated has a 52-week low of $104.66 and a 52-week high of $130.22.
Aflac Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, August 19th. Aflac’s payout ratio is currently 26.15%.
Institutional Trading of Aflac
Institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after purchasing an additional 5,708 shares during the last quarter. Bison Wealth LLC boosted its position in shares of Aflac by 4.3% during the 4th quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 183 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Aflac during the second quarter worth approximately $280,000. Sei Investments Co. lifted its holdings in shares of Aflac by 11.2% during the second quarter. Sei Investments Co. now owns 150,334 shares of the financial services provider’s stock valued at $15,854,000 after purchasing an additional 15,105 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Aflac by 1.6% in the second quarter. Main Street Financial Solutions LLC now owns 11,953 shares of the financial services provider’s stock worth $1,261,000 after buying an additional 192 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently commented on AFL shares. Jefferies Financial Group reissued a “hold” rating and issued a $108.00 target price (up from $100.00) on shares of Aflac in a research note on Friday, July 10th. Mizuho set a $116.00 price target on Aflac in a report on Monday, August 10th. Keefe, Bruyette & Woods raised their price objective on Aflac from $120.00 to $125.00 and gave the company a “market perform” rating in a research report on Tuesday, August 11th. TD Cowen reaffirmed a “hold” rating and issued a $110.00 target price (up from $101.00) on shares of Aflac in a research report on Wednesday, July 22nd. Finally, Wall Street Zen lowered Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.62.
View Our Latest Report 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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