AFLAC (NYSE:AFL)‘s stock had its “buy” rating reissued by research analysts at Janney Montgomery Scott in a report released on Tuesday.
A number of other equities research analysts have also weighed in on AFL. Royal Bank of Canada reaffirmed a “sell” rating and issued a $71.00 price objective on shares of AFLAC in a report on Tuesday, October 10th. Zacks Investment Research lowered AFLAC from a “buy” rating to a “hold” rating in a report on Monday, September 25th. B. Riley reaffirmed a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Goldman Sachs Group assumed coverage on AFLAC in a report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price objective on the stock. Finally, Wells Fargo & Co set a $84.00 price objective on AFLAC and gave the company a “hold” rating in a report on Friday, December 1st. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. AFLAC has an average rating of “Hold” and an average price target of $80.29.
AFLAC (NYSE:AFL) opened at $87.82 on Tuesday. The stock has a market capitalization of $33,964.20, a PE ratio of 12.73, a P/E/G ratio of 2.47 and a beta of 1.02. AFLAC has a 52-week low of $66.50 and a 52-week high of $91.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.07 and a quick ratio of 0.07.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.07. The firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.48 billion. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 EPS. equities analysts expect that AFLAC will post 6.76 earnings per share for the current fiscal year.
In other news, insider Audrey B. Tillman sold 310 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $83.57, for a total transaction of $25,906.70. Following the sale, the insider now owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James Todd Daniels sold 1,430 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $87.11, for a total value of $124,567.30. Following the sale, the vice president now directly owns 12,708 shares in the company, valued at approximately $1,106,993.88. The disclosure for this sale can be found here. Insiders sold a total of 22,657 shares of company stock worth $1,988,685 in the last ninety days. 3.00% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Balentine LLC boosted its stake in shares of AFLAC by 0.3% during the 2nd quarter. Balentine LLC now owns 6,649 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 18 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of AFLAC by 1.0% during the 2nd quarter. Advisory Services Network LLC now owns 4,915 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 49 shares in the last quarter. Sii Investments Inc. WI boosted its stake in shares of AFLAC by 0.4% during the 2nd quarter. Sii Investments Inc. WI now owns 25,496 shares of the financial services provider’s stock worth $2,008,000 after acquiring an additional 89 shares in the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of AFLAC by 0.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 49,396 shares of the financial services provider’s stock worth $3,803,000 after acquiring an additional 154 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its stake in shares of AFLAC by 1.3% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 13,066 shares of the financial services provider’s stock worth $1,015,000 after acquiring an additional 166 shares in the last quarter. 65.62% of the stock is currently owned by institutional investors and hedge funds.
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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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