Aflac (NYSE:AFL) Major Shareholder Post Holdings Co. Ltd. Japan Sells 13,600 Shares of Stock

Aflac Incorporated (NYSE:AFL) major shareholder Post Holdings Co. Ltd. Japan sold 13,600 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $116.74, for a total transaction of $1,587,664.00. Following the completion of the transaction, the insider owned 50,584,590 shares in the company, valued at $5,905,245,036.60. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large 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, September 11th, Post Holdings Co. Ltd. Japan sold 14,000 shares of Aflac stock. The stock was sold at an average price of $115.14, for a total transaction of $1,611,960.00.
• On Thursday, September 10th, Post Holdings Co. Ltd. Japan sold 13,300 shares of Aflac stock. The shares were sold at an average price of $114.32, for a total transaction of $1,520,456.00.
• On Tuesday, September 8th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The stock was sold at an average price of $115.44, for a total transaction of $1,569,984.00.
• On Friday, September 4th, Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock. The stock was sold at an average price of $117.47, for a total transaction of $1,762,050.00.
• On Thursday, September 3rd, Post Holdings Co. Ltd. Japan sold 20,000 shares of Aflac stock. The shares were sold at an average price of $118.49, for a total transaction of $2,369,800.00.
• On Wednesday, September 2nd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The shares were sold at an average price of $117.19, for a total value of $1,582,065.00.
• On Tuesday, September 1st, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $115.77, for a total value of $1,481,856.00.
• On Monday, August 31st, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.00, for a total value of $1,473,200.00.
• On Friday, August 28th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was sold at an average price of $116.52, for a total value of $1,514,760.00.
• On Thursday, August 27th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $116.67, for a total value of $1,481,709.00.

Aflac Stock Performance

NYSE:AFL opened at $116.78 on Thursday. The stock has a fifty day moving average price of $120.84 and a 200-day moving average price of $116.43. The company has a market cap of $58.55 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.90 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. Aflac Incorporated has a fifty-two week low of $105.43 and a fifty-two week high of $130.22.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%.The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 EPS. As a group, equities analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Aflac’s dividend payout ratio (DPR) is currently 26.15%.

Institutional Investors Weigh In On Aflac

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its position in Aflac by 137.4% in the second quarter. Tidal Investments LLC now owns 40,904 shares of the financial services provider’s stock valued at $4,796,000 after buying an additional 23,677 shares in the last quarter. MCF Advisors LLC grew its stake in shares of Aflac by 45.0% during the second quarter. MCF Advisors LLC now owns 377 shares of the financial services provider’s stock worth $44,000 after buying an additional 117 shares during the last quarter. Cidel Asset Management Inc. increased its holdings in shares of Aflac by 2.5% during the second quarter. Cidel Asset Management Inc. now owns 4,950 shares of the financial services provider’s stock worth $580,000 after buying an additional 122 shares in the last quarter. NorthRock Partners LLC increased its holdings in shares of Aflac by 18.2% during the second quarter. NorthRock Partners LLC now owns 2,174 shares of the financial services provider’s stock worth $255,000 after buying an additional 334 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Aflac by 1.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 35,756 shares of the financial services provider’s stock valued at $4,192,000 after acquiring an additional 520 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AFL has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Aflac from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. UBS Group reaffirmed a “neutral” rating and issued a $124.00 target price (up from $114.00) on shares of Aflac in a report on Wednesday, July 8th. TD Cowen reiterated a “hold” rating and issued a $110.00 price target (up from $101.00) on shares of Aflac in a research note on Wednesday, July 22nd. Wells Fargo & Company set a $122.00 price target on Aflac and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. Finally, Wolfe Research began coverage on Aflac in a report on Wednesday, August 19th. They set an “underperform” rating and a $103.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $116.62.

About Aflac

Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.

Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.

Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.