Aflac Inc. (AFL) Given Average Rating of “Hold” by Analysts
Shares of Aflac Inc. (NYSE:AFL) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are covering the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $68.72.
AFL has been the subject of several recent research reports. Vetr raised shares of Aflac from a “hold” rating to a “buy” rating and set a $70.50 price objective for the company in a research report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Aflac in a research report on Wednesday, July 6th. Evercore ISI initiated coverage on shares of Aflac in a research report on Wednesday, July 6th. They issued a “sell” rating and a $63.00 price objective for the company. Deutsche Bank AG increased their price objective on shares of Aflac from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Thursday, July 7th. Finally, Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday, July 26th.
In related news, insider Teresa L. White sold 35,734 shares of Aflac stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $74.28, for a total transaction of $2,654,321.52. Following the sale, the insider now directly owns 29,633 shares in the company, valued at $2,201,139.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Audrey B. Tillman sold 18,856 shares of Aflac stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $73.50, for a total transaction of $1,385,916.00. Following the sale, the insider now owns 43,087 shares in the company, valued at $3,166,894.50. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Global X Management Co. LLC boosted its stake in shares of Aflac by 2,617.5% in the second quarter. Global X Management Co. LLC now owns 1,549 shares of the company’s stock worth $112,000 after buying an additional 1,492 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Aflac by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,736 shares of the company’s stock worth $125,000 after buying an additional 588 shares in the last quarter. Oakworth Capital Inc. boosted its stake in shares of Aflac by 62.4% in the second quarter. Oakworth Capital Inc. now owns 1,835 shares of the company’s stock worth $127,000 after buying an additional 705 shares in the last quarter. Trust Department MB Financial Bank N A boosted its stake in shares of Aflac by 291.9% in the second quarter. Trust Department MB Financial Bank N A now owns 2,171 shares of the company’s stock worth $135,000 after buying an additional 1,617 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Aflac during the first quarter worth $153,000. Institutional investors and hedge funds own 62.89% of the company’s stock.
Aflac (NYSE:AFL) traded down 0.86% during mid-day trading on Tuesday, reaching $71.06. 510,317 shares of the company traded hands. The stock has a market capitalization of $29.10 billion, a PE ratio of 11.69 and a beta of 1.33. The firm’s 50-day moving average is $72.62 and its 200 day moving average is $70.38. Aflac has a 52-week low of $54.57 and a 52-week high of $74.50.
Aflac (NYSE:AFL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.03. Aflac had a net margin of 12.12% and a return on equity of 14.30%. The company earned $5.44 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the company earned $1.50 earnings per share. Aflac’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Aflac will post $6.85 earnings per share for the current year.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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