Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.12, for a total value of $7,441,560.00. Following the completion of the transaction, the insider owned 51,169,435 shares in the company, valued at $6,044,133,662.20. This trade represents a 0.12% decrease in their position. The sale was disclosed in a document filed 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 10% or more 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 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 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 shares were 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 shares were 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 shares were sold at an average price of $115.50, for a total value of $1,316,700.00.
- On Tuesday, May 26th, Post Holdings Co. Ltd. Japan sold 18,000 shares of Aflac stock. The shares were sold at an average price of $117.03, for a total value of $2,106,540.00.
- On Friday, May 22nd, Post Holdings Co. Ltd. Japan sold 31,100 shares of Aflac stock. The shares were sold at an average price of $117.78, for a total value of $3,662,958.00.
- On Thursday, May 21st, Post Holdings Co. Ltd. Japan sold 30,400 shares of Aflac stock. The shares were sold at an average price of $117.61, for a total value of $3,575,344.00.
Aflac Stock Performance
Shares of AFL stock opened at $117.03 on Thursday. The stock has a market capitalization of $59.56 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. Aflac Incorporated has a 52-week low of $96.95 and a 52-week high of $119.81. The stock’s 50-day moving average price is $114.39 and its 200 day moving average price is $111.91. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.26.
Aflac Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Aflac’s payout ratio is currently 27.70%.
Institutional Investors Weigh In On Aflac
Institutional investors and hedge funds have recently modified their holdings of the company. DNB Asset Management AS lifted its stake in Aflac by 51.3% in the 4th quarter. DNB Asset Management AS now owns 168,003 shares of the financial services provider’s stock valued at $18,526,000 after buying an additional 56,975 shares in the last quarter. BIP Wealth LLC lifted its stake in Aflac by 348.3% in the 4th quarter. BIP Wealth LLC now owns 55,723 shares of the financial services provider’s stock valued at $6,145,000 after buying an additional 43,293 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Aflac by 126.1% in the 3rd quarter. Wedbush Securities Inc. now owns 21,345 shares of the financial services provider’s stock valued at $2,384,000 after buying an additional 11,903 shares in the last quarter. ProShare Advisors LLC lifted its stake in Aflac by 10.4% in the 3rd quarter. ProShare Advisors LLC now owns 1,731,482 shares of the financial services provider’s stock valued at $193,407,000 after buying an additional 163,791 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Aflac in the 4th quarter valued at approximately $3,743,000. Institutional investors and hedge funds own 67.44% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on AFL shares. Barclays set a $99.00 price objective on Aflac and gave the company an “underweight” rating in a 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. UBS Group lowered their price objective on Aflac from $116.00 to $114.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Wall Street Zen raised Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Evercore raised Aflac from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $112.27.
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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