Post Holdings Co. Ltd. Japan Sells 26,300 Shares of Aflac (NYSE:AFL) Stock

Aflac Incorporated (NYSE:AFLGet Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 26,300 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $116.62, for a total value of $3,067,106.00. Following the transaction, the insider directly owned 50,929,635 shares in the company, valued at $5,939,414,033.70. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Monday, June 22nd, Post Holdings Co. Ltd. Japan sold 27,845 shares of Aflac stock. The stock was sold at an average price of $116.71, for a total value of $3,249,789.95.
  • On Thursday, June 18th, Post Holdings Co. Ltd. Japan sold 3,300 shares of Aflac stock. The stock was sold at an average price of $116.92, for a total value of $385,836.00.
  • 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 shares were 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 stock was 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 stock was 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 stock was sold at an average price of $115.43, for a total transaction 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 transaction of $1,613,095.00.
  • On Friday, June 5th, Post Holdings Co. Ltd. Japan sold 63,000 shares of Aflac stock. The stock was sold at an average price of $118.12, for a total transaction of $7,441,560.00.

Aflac Trading Up 2.0%

NYSE:AFL opened at $118.90 on Wednesday. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $119.81. The firm has a fifty day simple moving average of $115.45 and a 200-day simple moving average of $112.33. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $60.52 billion, a P/E ratio of 13.50, a PEG ratio of 2.04 and a beta of 0.61.

Aflac (NYSE:AFLGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. Aflac’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned $1.66 earnings per share. On average, equities research analysts anticipate that Aflac Incorporated will post 7.08 earnings per share for the current year.

Aflac Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were issued a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. Aflac’s dividend payout ratio is currently 27.70%.

Institutional Trading of Aflac

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Aflac by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider’s stock worth $6,301,056,000 after purchasing an additional 6,759,169 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Aflac by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock worth $499,216,000 after purchasing an additional 67,650 shares during the period. Legal & General Group Plc increased its holdings in shares of Aflac by 0.3% during the 3rd quarter. Legal & General Group Plc now owns 3,926,777 shares of the financial services provider’s stock valued at $438,621,000 after purchasing an additional 13,666 shares in the last quarter. Norges Bank acquired a new position in shares of Aflac in the 4th quarter valued at $420,078,000. Finally, Amundi lifted its stake in shares of Aflac by 22.6% in the 1st quarter. Amundi now owns 3,268,209 shares of the financial services provider’s stock valued at $358,555,000 after purchasing an additional 603,426 shares during the period. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

AFL has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on Aflac from $116.00 to $111.00 and set an “equal weight” rating for the company in a report on Tuesday, May 5th. Piper Sandler reissued an “overweight” rating and set a $130.00 price target (up from $125.00) on shares of Aflac in a research report on Tuesday, May 26th. UBS Group reduced their price target on shares of Aflac from $116.00 to $114.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Aflac from $113.00 to $115.00 and gave the company a “market perform” rating in a research note on Friday, April 10th. 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 investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Aflac presently has a consensus rating of “Hold” and an average price target of $112.27.

Check Out Our Latest Report on AFL

About Aflac

(Get Free Report)

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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Insider Buying and Selling by Quarter for Aflac (NYSE:AFL)

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