Aflac Inc. (AFL) Upgraded to “Buy” at Vetr Inc.
Aflac Inc. (NYSE:AFL) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The firm currently has a $74.76 target price on the stock. Vetr‘s target price would suggest a potential upside of 5.86% from the company’s previous close.
AFL has been the topic of several other research reports. Deutsche Bank AG boosted their price objective on shares of Aflac from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Thursday, July 7th. Zacks Investment Research downgraded shares of Aflac from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Credit Suisse Group AG assumed coverage on shares of Aflac in a report on Friday, October 7th. They set an “underperform” rating and a $75.00 price objective on the stock. FBR & Co restated a “hold” rating on shares of Aflac in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Aflac in a report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $70.21.
Aflac (NYSE:AFL) traded down 0.48% during mid-day trading on Monday, reaching $70.62. The company’s stock had a trading volume of 1,296,800 shares. The stock’s 50-day moving average is $72.36 and its 200-day moving average is $70.60. 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 12 month low of $54.57 and a 12 month high of $74.50.
Aflac (NYSE:AFL) last released its earnings results on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.03. The firm earned $5.44 billion during the quarter, compared to analyst estimates of $5.45 billion. Aflac had a net margin of 12.12% and a return on equity of 14.30%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. On average, equities analysts anticipate that Aflac will post $6.85 EPS for the current year.
In other Aflac news, Director Barbara K. Rimer sold 3,650 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $71.74, for a total transaction of $261,851.00. Following the sale, the director now directly owns 15,910 shares of the company’s stock, valued at $1,141,383.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Audrey B. Tillman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $73.98, for a total transaction of $110,970.00. Following the sale, the insider now directly owns 33,958 shares in the company, valued at $2,512,212.84. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of AFL. Global X Management Co. LLC raised its position 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 during the last quarter. Tower Research Capital LLC TRC raised its position 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 during the last quarter. Oakworth Capital Inc. raised its position 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 during the last quarter. Trust Department MB Financial Bank N A raised its position 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 during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Aflac during the first quarter worth about $153,000. 62.87% of the stock is currently owned by hedge funds and other institutional investors.
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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