Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells 12,100 Shares of Stock

Key Points

• Post Holdings Co. Ltd. Japan sold 12,100 Aflac shares at an average price of $113.36, generating $1.37 million. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced its ownership by 0.02%, leaving it with roughly 50.45 million shares.
• Aflac shares recently traded at $111.25, below the analyst consensus price target of $116.62. Analysts’ ratings are mixed, with an overall consensus of “Hold.”
• Aflac reported $1.75 in quarterly EPS, narrowly missing estimates, while revenue of $4.22 billion exceeded expectations. The company maintains a quarterly dividend of $0.61 per share, equivalent to a 2.2% yield.

Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,100 shares of the business's stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $113.36, for a total transaction of $1,371,656.00. Following the sale, the insider directly owned 50,445,290 shares in the company, valued at $5,718,478,074.40. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 Monday, September 28th, Post Holdings Co. Ltd. Japan sold 12,000 shares of Aflac stock. The stock was sold at an average price of $113.63, for a total value of $1,363,560.00.
• On Thursday, September 24th, Post Holdings Co. Ltd. Japan sold 12,100 shares of Aflac stock. The shares were sold at an average price of $114.64, for a total value of $1,387,144.00.
• On Wednesday, September 23rd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The stock was sold at an average price of $115.20, for a total transaction of $1,555,200.00.
• On Monday, September 21st, Post Holdings Co. Ltd. Japan sold 12,200 shares of Aflac stock. The stock was sold at an average price of $115.49, for a total transaction of $1,408,978.00.
• On Friday, September 18th, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $116.22, for a total transaction of $1,487,616.00.
• On Thursday, September 17th, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The stock was sold at an average price of $116.58, for a total transaction of $1,503,882.00.
• On Wednesday, September 16th, Post Holdings Co. Ltd. Japan sold 13,800 shares of Aflac stock. The stock was sold at an average price of $117.49, for a total transaction of $1,621,362.00.
• On Monday, September 14th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $116.74, for a total transaction of $1,587,664.00.
• On Friday, September 11th, Post Holdings Co. Ltd. Japan sold 14,000 shares of Aflac stock. The shares were 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 stock was sold at an average price of $114.32, for a total value of $1,520,456.00.

Aflac Stock Performance

Shares of NYSE AFL traded down $0.54 during trading on Thursday, reaching $111.25. 203,435 shares of the company traded hands, compared to its average volume of 2,307,331. Aflac Incorporated has a 12-month low of $105.43 and a 12-month high of $130.22. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $55.77 billion, a P/E ratio of 11.94, a PEG ratio of 1.83 and a beta of 0.59. The firm's fifty day simple moving average is $119.15 and its 200 day simple moving average is $116.65.

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

Aflac Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, August 19th. Aflac's dividend payout ratio (DPR) is currently 26.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Aflac during the 2nd quarter worth approximately $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Aflac by 27.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,201,217 shares of the financial services provider's stock worth $609,843,000 after acquiring an additional 1,132,091 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Aflac by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider's stock worth $499,216,000 after acquiring an additional 67,650 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Aflac during the second quarter worth approximately $404,639,000. Finally, Amundi increased its position in shares of Aflac by 22.6% during the first 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 in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on AFL. JPMorgan Chase & Co. lowered their target price on shares of Aflac from $117.00 to $116.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 11th. Piper Sandler restated an "overweight" rating and issued a $138.00 price target (up from $130.00) on shares of Aflac in a research note on Monday, August 10th. Weiss Ratings raised Aflac from a "buy (b)" rating to a "buy (a-)" rating in a report on Tuesday, September 22nd. Wolfe Research started coverage on Aflac in a research report on Wednesday, August 19th. They set an "underperform" rating and a $103.00 price target on the stock. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $108.00 price objective (up from $100.00) on shares of Aflac in a report on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Aflac has an average rating of "Hold" and a consensus price target of $116.62.

About Aflac

Aflac Incorporated NYSE: AFL is an insurance company that provides supplemental health and life insurance products to individuals, employers and groups. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with illness, injury and other qualifying events.

The company's products include accident, cancer, critical illness, hospital indemnity, disability, dental, vision and life insurance. Aflac distributes its policies through workplace benefits programs, independent agents, brokers and other distribution channels.

Founded in 1955 as American Family Life Assurance Company of Columbus, Aflac has its headquarters in Columbus, Georgia.

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