Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 9,060 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $112.53, for a total transaction of $1,019,521.80. Following the completion of the transaction, the insider owned 51,274,785 shares in the company, valued at $5,769,951,556.05. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 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 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 transaction of $3,575,344.00.
- On Wednesday, May 20th, Post Holdings Co. Ltd. Japan sold 31,600 shares of Aflac stock. The shares were sold at an average price of $117.66, for a total transaction of $3,718,056.00.
- On Tuesday, May 19th, Post Holdings Co. Ltd. Japan sold 50,000 shares of Aflac stock. The shares were sold at an average price of $118.80, for a total transaction of $5,940,000.00.
- On Monday, May 18th, Post Holdings Co. Ltd. Japan sold 41,700 shares of Aflac stock. The shares were sold at an average price of $118.45, for a total transaction of $4,939,365.00.
- On Friday, May 15th, Post Holdings Co. Ltd. Japan sold 23,500 shares of Aflac stock. The shares were sold at an average price of $116.85, for a total transaction of $2,745,975.00.
Aflac Stock Performance
NYSE:AFL opened at $114.32 on Thursday. The stock has a market cap of $58.19 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 1.99 and a beta of 0.61. The firm’s fifty day simple moving average is $113.48 and its 200 day simple moving average is $111.75. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $119.81. 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 business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were issued a $0.61 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 annualized dividend and a yield of 2.1%. Aflac’s payout ratio is 27.70%.
Key Headlines Impacting Aflac
Here are the key news stories impacting Aflac this week:
- Positive Sentiment: Piper Sandler reportedly raised its price target on Aflac and maintained an overweight view on insurance carriers, which can support sentiment toward the stock. Piper Sandler Raises Aflac (AFL) Price Target, Favors Insurance Carriers over Brokers
- Positive Sentiment: The company recently paid its quarterly dividend of $0.61 per share, reinforcing Aflac’s appeal as a cash-generating insurer with a roughly 2.1% annual yield.
- Neutral Sentiment: Aflac’s shares were noted around the low-$113 area, near recent moving averages, while a DCF-based analysis suggested the stock is fairly valued near $110, implying limited immediate upside or downside from valuation alone. AFL Fairly Valued by DCF at $110
- Negative Sentiment: Post Holdings Co. Ltd. Japan, Aflac’s major shareholder, disclosed another small insider sale, continuing a recent string of planned share reductions. Such repeated selling can create a mild overhang on sentiment. SEC filing
Analysts Set New Price Targets
AFL has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Aflac from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods lifted their price target on shares of Aflac from $113.00 to $115.00 and gave the company a “market perform” rating in a report on Friday, April 10th. Evercore upgraded shares of Aflac from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, April 9th. Barclays set a $99.00 target price on shares of Aflac and gave the company an “underweight” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company dropped their target price on shares of Aflac from $116.00 to $111.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Aflac currently has a consensus rating of “Hold” and an average price target of $112.27.
Check Out Our Latest Analysis on AFL
Hedge Funds Weigh In On Aflac
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of 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 during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aflac by 1.5% in 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 last quarter. Legal & General Group Plc raised its position in shares of Aflac by 0.3% in the 3rd quarter. Legal & General Group Plc now owns 3,926,777 shares of the financial services provider’s stock worth $438,621,000 after purchasing an additional 13,666 shares during the last quarter. Norges Bank purchased a new position in shares of Aflac in the 4th quarter worth about $420,078,000. Finally, Amundi raised its position 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 worth $358,555,000 after purchasing an additional 603,426 shares during the last quarter. 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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