Somewhat Positive Press Coverage Somewhat Unlikely to Impact Aflac (AFL) Stock Price
Media headlines about Aflac (NYSE:AFL) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aflac earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.2326824273176 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Sneak Peek – Aflac Signs On as Sponsor of Disney XD’s DUCKTALES Animated Series – Broadway World (broadwayworld.com)
- Everything You Should Know About Insurance, Healthcare Coverage, and Medicare (finance.yahoo.com)
- Aflac, Inc. : AFL-US: Dividend Analysis : August 23rd, 2017 (record date) : By the numbers : September 19, 2017 (finance.yahoo.com)
- Cetera Financial Hires Petco PR Head For Marketing (fa-mag.com)
- ETFs with exposure to Aflac, Inc. : September 18, 2017 (finance.yahoo.com)
AFL has been the subject of a number of research analyst reports. UBS AG reaffirmed an “overweight” rating on shares of Aflac in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Friday, June 2nd. Barclays PLC increased their target price on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a report on Monday, July 3rd. Bank of America Corporation lowered shares of Aflac from a “neutral” rating to an “underperform” rating in a report on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “sell” rating and set a $66.00 target price on shares of Aflac in a report on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Aflac has a consensus rating of “Hold” and a consensus target price of $77.23.
Shares of Aflac (AFL) traded up 0.33% during midday trading on Wednesday, hitting $83.92. 1,524,081 shares of the stock were exchanged. The firm has a market cap of $33.17 billion, a P/E ratio of 12.69 and a beta of 0.97. The firm has a 50 day moving average of $81.36 and a 200 day moving average of $76.68. Aflac has a 12-month low of $66.50 and a 12-month high of $84.24.
Aflac (NYSE:AFL) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.20. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share. Equities analysts forecast that Aflac will post $6.69 EPS for the current fiscal year.
Aflac announced that its board has authorized a share buyback program on Tuesday, August 8th that permits the company to repurchase 40,000,000 outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd were issued a dividend of $0.43 per share. The ex-dividend date was Monday, August 21st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.05%. Aflac’s dividend payout ratio (DPR) is 25.94%.
In related news, President Kriss Cloninger III sold 3,500 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $81.06, for a total value of $283,710.00. Following the completion of the transaction, the president now owns 253,196 shares in the company, valued at approximately $20,524,067.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Teresa L. White sold 11,314 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $78.01, for a total transaction of $882,605.14. Following the completion of the transaction, the insider now owns 26,847 shares of the company’s stock, valued at approximately $2,094,334.47. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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