Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 48,500 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $117.20, for a total value of $5,684,200.00. Following the completion of the sale, the insider owned 51,067,735 shares in the company, valued at approximately $5,985,138,542. This trade represents a 0.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Wednesday, June 10th, Post Holdings Co. Ltd. Japan sold 26,500 shares of Aflac stock. The shares were sold at an average price of $117.00, for a total value of $3,100,500.00.
- On Tuesday, June 9th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $115.43, for a total value 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 value 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 value of $7,441,560.00.
- On Wednesday, June 3rd, Post Holdings Co. Ltd. Japan sold 16,300 shares of Aflac stock. The shares were sold at an average price of $115.19, for a total value of $1,877,597.00.
- On Tuesday, June 2nd, Post Holdings Co. Ltd. Japan sold 9,750 shares of Aflac stock. The shares were sold at an average price of $113.39, for a total value of $1,105,552.50.
- On Monday, June 1st, Post Holdings Co. Ltd. Japan sold 9,060 shares of Aflac stock. The shares were sold at an average price of $112.53, for a total value of $1,019,521.80.
- On Friday, May 29th, Post Holdings Co. Ltd. Japan sold 9,200 shares of Aflac stock. The stock was sold at an average price of $112.75, for a total value of $1,037,300.00.
- On Thursday, May 28th, Post Holdings Co. Ltd. Japan sold 9,100 shares of Aflac stock. The stock was sold at an average price of $113.22, for a total value of $1,030,302.00.
- On Wednesday, May 27th, Post Holdings Co. Ltd. Japan sold 11,400 shares of Aflac stock. The stock was sold at an average price of $115.50, for a total value of $1,316,700.00.
Aflac Stock Down 0.8%
AFL stock opened at $116.88 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $59.49 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 2.06 and a beta of 0.61. The business’s fifty day moving average price is $114.81 and its two-hundred day moving average price is $112.04. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $119.81.
Aflac Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were given a dividend of $0.61 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 annualized dividend and a yield of 2.1%. Aflac’s dividend payout ratio (DPR) is presently 27.70%.
Institutional Trading of Aflac
Large investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in Aflac in the fourth quarter valued at about $25,000. Groupe la Francaise acquired a new stake in Aflac in the first quarter valued at about $25,000. Whipplewood Advisors LLC acquired a new stake in Aflac in the first quarter valued at about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in Aflac in the fourth quarter valued at about $29,000. Finally, Evergreen Advisors LLC acquired a new stake in shares of Aflac during the first quarter valued at about $29,000. 67.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AFL has been the topic of several recent research reports. Morgan Stanley increased their price objective on Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods increased their price objective on Aflac from $113.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, April 10th. Barclays set a $99.00 price objective on Aflac and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Aflac from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. Finally, Piper Sandler reissued an “overweight” rating and set a $130.00 target price (up from $125.00) on shares of Aflac in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $112.27.
Read 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.
Further Reading
- Five stocks we like better than Aflac
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
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.
