Aflac (NYSE:AFL) Major Shareholder Post Holdings Co. Ltd. Japan Sells 17,400 Shares

Aflac Incorporated (NYSE:AFL) major shareholder Post Holdings Co. Ltd. Japan sold 17,400 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $109.14, for a total value of $1,899,036.00. Following the transaction, the insider owned 52,132,700 shares in the company, valued at approximately $5,689,762,878. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 Thursday, March 12th, Post Holdings Co. Ltd. Japan sold 17,900 shares of Aflac stock. The shares were sold at an average price of $109.60, for a total value of $1,961,840.00.
• On Wednesday, March 11th, Post Holdings Co. Ltd. Japan sold 18,100 shares of Aflac stock. The stock was sold at an average price of $109.53, for a total value of $1,982,493.00.
• On Tuesday, March 10th, Post Holdings Co. Ltd. Japan sold 19,000 shares of Aflac stock. The stock was sold at an average price of $110.47, for a total value of $2,098,930.00.
• On Monday, March 9th, Post Holdings Co. Ltd. Japan sold 17,300 shares of Aflac stock. The shares were sold at an average price of $109.62, for a total transaction of $1,896,426.00.
• On Friday, March 6th, Post Holdings Co. Ltd. Japan sold 19,100 shares of Aflac stock. The shares were sold at an average price of $110.77, for a total transaction of $2,115,707.00.
• On Thursday, March 5th, Post Holdings Co. Ltd. Japan sold 19,300 shares of Aflac stock. The stock was sold at an average price of $110.96, for a total transaction of $2,141,528.00.

Aflac Stock Up 0.4%

NYSE:AFL opened at $109.53 on Wednesday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $119.32. The company has a market cap of $56.56 billion, a PE ratio of 15.92, a P/E/G ratio of 3.57 and a beta of 0.66. The company’s 50 day moving average is $111.52 and its two-hundred day moving average is $110.37.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.12). Aflac had a return on equity of 14.35% and a net margin of 21.24%.The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the prior year, the business posted $1.57 EPS. The company’s quarterly revenue was down 9.6% on a year-over-year basis. Analysts anticipate that Aflac Incorporated will post 6.88 EPS for the current year.

Wall Street Analyst Weigh In

AFL has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on Aflac from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “buy (b+)” rating on shares of Aflac in a report on Monday, December 22nd. JPMorgan Chase & Co. raised their price objective on Aflac from $101.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Wall Street Zen downgraded Aflac from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Barclays set a $101.00 price target on shares of Aflac and gave the stock an “underweight” rating in a report on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $111.73.

Hedge Funds Weigh In On Aflac

Institutional investors and hedge funds have recently modified their holdings of the stock. True Wealth Design LLC boosted its stake in shares of Aflac by 188.5% in the third quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares during the last quarter. Quarry LP purchased a new position in Aflac during the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new position in Aflac in the fourth quarter valued at approximately $29,000. Navalign LLC acquired a new position in Aflac in the fourth quarter valued at approximately $32,000. Finally, Darwin Wealth Management LLC purchased a new stake in Aflac in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

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.