Aflac Incorporated (NYSE:AFL) Receives $74.77 Average Price Target from Brokerages
Shares of Aflac Incorporated (NYSE:AFL) have received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $75.15.
A number of analysts recently commented on the company. ValuEngine upgraded Aflac from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. BidaskClub lowered Aflac from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. FBR & Co restated a “market perform” rating and issued a $80.00 target price (up from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “sell” rating and issued a $66.00 target price on shares of Aflac in a research note on Wednesday, July 12th. Finally, Zacks Investment Research lowered Aflac from a “buy” rating to a “hold” rating in a research note on Friday, July 7th.
Aflac (AFL) opened at 81.24 on Friday. The stock’s 50 day moving average is $78.32 and its 200 day moving average is $74.16. The company has a market cap of $32.17 billion, a price-to-earnings ratio of 12.28 and a beta of 0.99. Aflac has a 52-week low of $66.50 and a 52-week high of $81.58.
Aflac (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.20. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. Aflac had a return on equity of 13.09% and a net margin of 11.98%. Aflac’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $1.65 earnings per share. Equities research analysts forecast that Aflac will post $6.67 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.12%. The ex-dividend date is Monday, August 21st. Aflac’s dividend payout ratio (DPR) is currently 25.94%.
In related news, Director Karole Lloyd bought 1,000 shares of the stock in a transaction dated Monday, June 12th. The stock was bought at an average price of $77.01 per share, with a total value of $77,010.00. Following the purchase, the director now owns 7,253 shares in the company, valued at approximately $558,553.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul S. Amos II sold 222,889 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $77.40, for a total value of $17,251,608.60. Following the completion of the sale, the insider now directly owns 329,540 shares of the company’s stock, valued at approximately $25,506,396. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 240,203 shares of company stock valued at $18,612,224. Corporate insiders own 3.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its position in Aflac by 0.3% in the fourth quarter. Teachers Advisors LLC now owns 794,930 shares of the financial services provider’s stock worth $55,327,000 after buying an additional 2,226 shares during the last quarter. Kentucky Retirement Systems acquired a new position in Aflac during the fourth quarter worth approximately $2,061,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Aflac during the fourth quarter worth approximately $920,000. Toth Financial Advisory Corp increased its position in Aflac by 2.1% in the first quarter. Toth Financial Advisory Corp now owns 52,979 shares of the financial services provider’s stock worth $3,837,000 after buying an additional 1,099 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in Aflac by 1.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 347,629 shares of the financial services provider’s stock worth $25,175,000 after buying an additional 5,236 shares during the period. 64.64% of the stock is owned by institutional investors and hedge funds.
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Aflac Company Profile
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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