Aflac’s (AFL) “Hold” Rating Reaffirmed at Sandler O’Neill

Sandler O’Neill reiterated their hold rating on shares of Aflac (NYSE:AFL) in a research note released on Thursday. They currently have a $47.00 price target on the financial services provider’s stock.

Several other brokerages have also recently weighed in on AFL. JPMorgan Chase reduced their price target on Aflac to $47.00 and set an overweight rating for the company in a research report on Tuesday, March 27th. Zacks Investment Research upgraded Aflac from a hold rating to a buy rating and set a $48.00 price target for the company in a research report on Tuesday, April 3rd. Janney Montgomery Scott reiterated a buy rating on shares of Aflac in a research report on Tuesday, January 16th. Wells Fargo reiterated a market perform rating and issued a $45.00 price target (up from $42.00) on shares of Aflac in a research report on Tuesday, January 9th. Finally, ValuEngine upgraded Aflac from a buy rating to a strong-buy rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $44.68.

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Shares of NYSE AFL opened at $43.37 on Thursday. The firm has a market capitalization of $34,058.30, a PE ratio of 12.76, a P/E/G ratio of 1.72 and a beta of 0.95. Aflac has a fifty-two week low of $36.32 and a fifty-two week high of $45.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.05 and a quick ratio of 0.05.

Aflac (NYSE:AFL) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.02. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Aflac had a return on equity of 12.29% and a net margin of 20.18%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. equities research analysts predict that Aflac will post 3.89 earnings per share for the current year.

In other Aflac news, insider June P. Howard sold 2,648 shares of Aflac stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.33, for a total transaction of $239,193.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles B. Knapp sold 10,000 shares of Aflac stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $43.72, for a total value of $437,200.00. Following the sale, the director now directly owns 76,582 shares of the company’s stock, valued at approximately $3,348,165.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,631 shares of company stock valued at $2,919,118. 3.00% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. SeaCrest Wealth Management LLC bought a new stake in Aflac during the fourth quarter worth about $101,000. Omnia Family Wealth LLC lifted its stake in shares of Aflac by 261.9% in the 4th quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 901 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of Aflac in the 4th quarter valued at about $121,000. Legacy Advisors LLC lifted its stake in shares of Aflac by 921.5% in the 4th quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 1,327 shares during the last quarter. Finally, Certified Advisory Corp bought a new stake in shares of Aflac in the 4th quarter valued at about $143,000. 68.72% of the stock is owned by hedge funds and other institutional investors.

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About Aflac

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.

Analyst Recommendations for Aflac (NYSE:AFL)

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