Analysts Set Aflac Inc. (AFL) Price Target at $68.72
Shares of Aflac Inc. (NYSE:AFL) have earned an average rating of “Hold” from the nineteen research firms that are covering the firm. Three research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $68.72.
A number of analysts recently issued reports on the company. FBR & Co reissued a “hold” rating on shares of Aflac in a research note on Friday, July 29th. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Tuesday, July 26th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Aflac in a research note on Wednesday, July 6th. Vetr raised Aflac from a “hold” rating to a “buy” rating and set a $70.50 target price for the company in a research note on Monday, June 27th. Finally, Credit Suisse Group AG assumed coverage on Aflac in a research note on Friday, October 7th. They set an “underperform” rating and a $75.00 target price for the company.
In other news, Director Barbara K. Rimer sold 3,650 shares of Aflac stock in a transaction on Monday, August 1st. The stock was sold at an average price of $71.74, for a total transaction of $261,851.00. Following the completion of the sale, the director now owns 15,910 shares of the company’s stock, valued at $1,141,383.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Audrey B. Tillman sold 1,500 shares of Aflac stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $73.98, for a total value of $110,970.00. Following the sale, the insider now directly owns 33,958 shares of the company’s stock, valued at approximately $2,512,212.84. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. increased its stake in Aflac by 0.6% in the second quarter. Sunbelt Securities Inc. now owns 3,266 shares of the company’s stock worth $236,000 after buying an additional 19 shares in the last quarter. Palisade Capital Management LLC NJ increased its stake in Aflac by 0.6% in the second quarter. Palisade Capital Management LLC NJ now owns 5,430 shares of the company’s stock worth $392,000 after buying an additional 30 shares in the last quarter. Haverford Trust Co. increased its stake in Aflac by 0.3% in the second quarter. Haverford Trust Co. now owns 10,722 shares of the company’s stock worth $774,000 after buying an additional 35 shares in the last quarter. Associated Banc Corp increased its stake in Aflac by 0.5% in the second quarter. Associated Banc Corp now owns 6,640 shares of the company’s stock worth $479,000 after buying an additional 36 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Aflac by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 14,260 shares of the company’s stock worth $1,030,000 after buying an additional 37 shares in the last quarter. 62.89% of the stock is owned by institutional investors.
Shares of Aflac (NYSE:AFL) opened at 70.61 on Tuesday. The stock has a 50 day moving average of $72.48 and a 200-day moving average of $70.39. The firm has a market capitalization of $28.92 billion, a PE ratio of 11.61 and a beta of 1.33. Aflac has a 52 week low of $54.57 and a 52 week high of $74.50.
Aflac (NYSE:AFL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.45 billion. Aflac had a net margin of 12.12% and a return on equity of 14.30%. Aflac’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS. Equities analysts anticipate that Aflac will post $6.85 earnings per share for the current fiscal 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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