Analysts Set AFLAC Incorporated (AFL) PT at $47.23
Shares of AFLAC Incorporated (NYSE:AFL) have received a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $47.23.
A number of research firms have issued reports on AFL. Credit Suisse Group cut their price target on AFLAC from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, August 17th. Zacks Investment Research cut AFLAC from a “buy” rating to a “hold” rating in a report on Monday, May 14th. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price target on shares of AFLAC in a report on Wednesday, August 1st. B. Riley increased their price target on AFLAC from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Finally, ValuEngine cut AFLAC from a “hold” rating to a “sell” rating in a report on Monday, July 2nd.
Shares of AFLAC stock traded down $0.07 on Monday, reaching $46.82. 2,546,660 shares of the company’s stock were exchanged, compared to its average volume of 2,456,294. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.37 and a beta of 0.94. AFLAC has a 52 week low of $39.88 and a 52 week high of $47.15. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.05 and a current ratio of 0.05.
The company also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Wednesday, August 22nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Tuesday, August 21st. AFLAC’s payout ratio is 30.59%.
In other news, insider Eric M. Kirsch sold 66,447 shares of the company’s stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $43.31, for a total transaction of $2,877,819.57. Following the transaction, the insider now directly owns 128,796 shares of the company’s stock, valued at $5,578,154.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of AFL. Northwestern Mutual Wealth Management Co. raised its position in AFLAC by 1.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 77,191 shares of the financial services provider’s stock valued at $3,321,000 after buying an additional 1,097 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. raised its position in AFLAC by 10.4% in the 2nd quarter. Pineno Levin & Ford Asset Management Inc. now owns 12,688 shares of the financial services provider’s stock valued at $546,000 after buying an additional 1,200 shares during the last quarter. Advisor Partners LLC raised its position in AFLAC by 5.8% in the 2nd quarter. Advisor Partners LLC now owns 22,215 shares of the financial services provider’s stock valued at $956,000 after buying an additional 1,209 shares during the last quarter. Oakworth Capital Inc. raised its position in AFLAC by 100.0% in the 1st quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock valued at $111,000 after buying an additional 1,215 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in AFLAC by 1.7% in the 2nd quarter. CIBC Asset Management Inc now owns 74,812 shares of the financial services provider’s stock valued at $3,218,000 after buying an additional 1,216 shares during the last quarter. 67.17% of the stock is currently owned by institutional investors.
AFLAC Company Profile
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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