Brokerages Set AFLAC Incorporated (AFL) Price Target at $46.46

AFLAC Incorporated (NYSE:AFL) has received an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $46.46.

Several research analysts have recently issued reports on AFL shares. Sandler O’Neill reissued a “hold” rating and issued a $47.00 price target on shares of AFLAC in a research note on Thursday, April 5th. Zacks Investment Research cut AFLAC from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Bank of America started coverage on AFLAC in a research note on Monday, March 26th. They set a “neutral” rating and a $49.00 target price for the company. UBS Group started coverage on AFLAC in a research note on Friday, March 2nd. They set a “neutral” rating and a $49.00 target price for the company. Finally, ValuEngine cut AFLAC from a “buy” rating to a “hold” rating in a research note on Monday, March 19th.

In other AFLAC news, Director Charles B. Knapp sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 owns 76,582 shares of the company’s stock, valued at approximately $3,348,165.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of AFLAC by 105.9% during the 1st quarter. BlackRock Inc. now owns 51,061,717 shares of the financial services provider’s stock worth $2,234,459,000 after purchasing an additional 26,264,017 shares in the last quarter. Northern Trust Corp grew its holdings in shares of AFLAC by 96.3% during the 1st quarter. Northern Trust Corp now owns 10,631,066 shares of the financial services provider’s stock worth $465,215,000 after purchasing an additional 5,215,905 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of AFLAC by 98.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,240,111 shares of the financial services provider’s stock worth $273,050,000 after purchasing an additional 3,103,311 shares in the last quarter. LSV Asset Management grew its holdings in shares of AFLAC by 111.3% during the 1st quarter. LSV Asset Management now owns 6,070,376 shares of the financial services provider’s stock worth $265,639,000 after purchasing an additional 3,196,878 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of AFLAC by 100.2% during the 1st quarter. Franklin Resources Inc. now owns 5,887,880 shares of the financial services provider’s stock worth $257,653,000 after purchasing an additional 2,947,089 shares in the last quarter. 67.21% of the stock is currently owned by hedge funds and other institutional investors.

AFLAC traded up $0.14, hitting $44.57, during trading hours on Tuesday, according to Marketbeat. The company had a trading volume of 43,982 shares, compared to its average volume of 3,010,778. AFLAC has a fifty-two week low of $38.31 and a fifty-two week high of $46.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $34.62 billion, a PE ratio of 13.11, a P/E/G ratio of 1.73 and a beta of 0.93.

AFLAC (NYSE:AFL) last released its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.08. AFLAC had a return on equity of 12.39% and a net margin of 20.61%. The company had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the business posted $1.47 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. equities research analysts expect that AFLAC will post 3.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Wednesday, May 23rd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, May 22nd. AFLAC’s dividend payout ratio (DPR) is currently 30.59%.

AFLAC Company Profile

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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