Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $116.71, for a total value of $3,249,789.95. Following the completion of the transaction, the insider owned 50,898,490 shares in the company, valued at approximately $5,940,362,767.90. The trade was a 0.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Post Holdings Co. Ltd. Japan also recently made the following trade(s):
- On Thursday, June 18th, Post Holdings Co. Ltd. Japan sold 3,300 shares of Aflac stock. The shares were sold at an average price of $116.92, for a total value of $385,836.00.
- On Wednesday, June 17th, Post Holdings Co. Ltd. Japan sold 26,300 shares of Aflac stock. The stock was sold at an average price of $116.62, for a total value of $3,067,106.00.
- On Tuesday, June 16th, Post Holdings Co. Ltd. Japan sold 30,000 shares of Aflac stock. The stock was sold at an average price of $117.39, for a total value of $3,521,700.00.
- On Monday, June 15th, Post Holdings Co. Ltd. Japan sold 28,800 shares of Aflac stock. The shares were sold at an average price of $117.17, for a total transaction of $3,374,496.00.
- On Friday, June 12th, Post Holdings Co. Ltd. Japan sold 53,000 shares of Aflac stock. The stock was sold at an average price of $117.74, for a total transaction of $6,240,220.00.
- On Thursday, June 11th, Post Holdings Co. Ltd. Japan sold 48,500 shares of Aflac stock. The shares were sold at an average price of $117.20, for a total transaction of $5,684,200.00.
- 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 transaction 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.
Aflac Stock Performance
Shares of Aflac stock traded up $2.35 during mid-day trading on Tuesday, hitting $118.90. 3,330,180 shares of the stock were exchanged, compared to its average volume of 2,460,539. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $119.81. The company has a 50-day simple moving average of $115.29 and a 200 day simple moving average of $112.26. The company has a market capitalization of $60.52 billion, a P/E ratio of 13.50, a P/E/G ratio of 2.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11.
Aflac Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. Aflac’s dividend payout ratio (DPR) is currently 27.70%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on AFL shares. Mizuho set a $104.00 price target on shares of Aflac in a report on Monday, May 4th. UBS Group dropped their target price on shares of Aflac from $116.00 to $114.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Keefe, Bruyette & Woods increased their target price on shares of Aflac from $113.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, April 10th. Barclays set a $99.00 price target on shares of Aflac and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings raised shares of Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Aflac presently has a consensus rating of “Hold” and an average target price of $112.27.
View Our Latest Research Report on Aflac
Institutional Investors Weigh In On Aflac
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Aflac by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider’s stock worth $6,301,056,000 after acquiring an additional 6,759,169 shares during the period. Norges Bank bought a new stake in shares of Aflac during the 4th quarter valued at $420,078,000. First Trust Advisors LP lifted its holdings in Aflac by 161.9% during the 1st quarter. First Trust Advisors LP now owns 3,184,801 shares of the financial services provider’s stock worth $349,405,000 after purchasing an additional 1,968,738 shares in the last quarter. AQR Capital Management LLC boosted its stake in Aflac by 1,184.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,264,090 shares of the financial services provider’s stock worth $141,199,000 after purchasing an additional 1,165,676 shares during the period. Finally, Marshall Wace LLP boosted its stake in Aflac by 390.7% in the 4th quarter. Marshall Wace LLP now owns 1,111,711 shares of the financial services provider’s stock worth $122,588,000 after purchasing an additional 885,141 shares during the period. Hedge funds and other institutional investors 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.
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