AFLAC (AFL) Now Covered by UBS Group
UBS Group began coverage on shares of AFLAC (NYSE:AFL) in a research note published on Friday, www.benzinga.com reports. The brokerage issued a neutral rating and a $98.00 price target on the financial services provider’s stock.
Several other research analysts have also recently issued reports on the company. ValuEngine raised AFLAC from a buy rating to a strong-buy rating in a research note on Friday, February 2nd. Raymond James Financial upgraded AFLAC from an outperform rating to a strong-buy rating and upped their target price for the stock from $88.00 to $100.00 in a report on Monday, January 22nd. Citigroup upgraded AFLAC to a strong-buy rating and upped their target price for the stock from $88.00 to $100.00 in a report on Monday, January 22nd. Janney Montgomery Scott restated a buy rating on shares of AFLAC in a report on Tuesday, January 16th. Finally, Zacks Investment Research upgraded AFLAC from a sell rating to a hold rating in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $84.96.
Shares of AFLAC (NYSE AFL) traded down $0.15 during trading hours on Friday, reaching $87.51. The company had a trading volume of 2,547,700 shares, compared to its average volume of 2,350,000. AFLAC has a 52 week low of $70.64 and a 52 week high of $91.73. The company has a market capitalization of $34,100.00, a PE ratio of 12.00, a P/E/G ratio of 2.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.07 and a current ratio of 0.05.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.05. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. AFLAC’s revenue was down 8.9% compared to the same quarter last year. sell-side analysts anticipate that AFLAC will post 7.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Tuesday, February 20th. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. AFLAC’s dividend payout ratio is currently 28.53%.
In other AFLAC news, Director Joseph L. Moskowitz acquired 550 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average price of $89.13 per share, for a total transaction of $49,021.50. Following the acquisition, the director now owns 9,263 shares in the company, valued at approximately $825,611.19. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Kriss Cloninger III sold 6,057 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $87.73, for a total value of $531,380.61. Following the sale, the president now owns 241,099 shares of the company’s stock, valued at approximately $21,151,615.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,978 shares of company stock valued at $4,444,696. Company insiders own 3.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of AFL. SeaCrest Wealth Management LLC purchased a new position in AFLAC in the 4th quarter worth $101,000. Omnia Family Wealth LLC raised its stake in AFLAC by 261.9% in the 4th quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 901 shares during the last quarter. Advisors Preferred LLC purchased a new position in AFLAC in the 4th quarter worth $121,000. San Francisco Sentry Investment Group CA raised its stake in AFLAC by 4,338.7% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,345 shares during the last quarter. Finally, Legacy Advisors LLC raised its stake in AFLAC by 921.5% in the 4th quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 1,327 shares during the last quarter. Hedge funds and other institutional investors own 66.87% of the company’s stock.
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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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