AFLAC Incorporated (NYSE:AFL) has earned an average rating of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $50.09.
A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, April 30th. Barclays raised their price objective on shares of AFLAC from $45.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 22nd. UBS Group cut their price objective on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. ValuEngine lowered shares of AFLAC from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Raymond James raised their target price on shares of AFLAC from $55.00 to $56.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 30th.
Shares of AFL stock traded up $0.34 during trading hours on Wednesday, reaching $54.38. The stock had a trading volume of 2,571,000 shares, compared to its average volume of 3,231,602. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23. AFLAC has a 12 month low of $41.45 and a 12 month high of $54.98. The firm has a market capitalization of $40.66 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 3.70 and a beta of 0.71.
AFLAC (NYSE:AFL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. AFLAC had a net margin of 14.26% and a return on equity of 13.49%. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period last year, the business earned $1.05 earnings per share. AFLAC’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts predict that AFLAC will post 4.3 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 22nd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Tuesday, May 21st. AFLAC’s dividend payout ratio is currently 25.96%.
In related news, VP Koji Ariyoshi sold 63,703 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $52.20, for a total value of $3,325,296.60. Following the sale, the vice president now directly owns 49,129 shares of the company’s stock, valued at $2,564,533.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karole Lloyd bought 2,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average cost of $49.83 per share, for a total transaction of $99,660.00. Following the completion of the purchase, the director now directly owns 22,160 shares of the company’s stock, valued at $1,104,232.80. The disclosure for this purchase can be found here. Insiders sold 177,332 shares of company stock worth $9,078,988 over the last ninety days. 1.30% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the business. Meridian Wealth Management LLC purchased a new position in shares of AFLAC during the first quarter worth approximately $60,000. Accident Compensation Corp raised its stake in shares of AFLAC by 4.1% during the first quarter. Accident Compensation Corp now owns 92,389 shares of the financial services provider’s stock worth $4,619,000 after acquiring an additional 3,600 shares in the last quarter. GYL Financial Synergies LLC purchased a new position in shares of AFLAC during the first quarter worth approximately $1,100,000. Lowe Brockenbrough & Co. Inc. raised its stake in shares of AFLAC by 11.9% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 5,170 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 550 shares in the last quarter. Finally, Hendley & Co. Inc. purchased a new position in shares of AFLAC during the first quarter worth approximately $216,000. 66.75% of the stock is currently owned by hedge funds and other institutional investors.
AFLAC Company Profile
Aflac Incorporated, through its subsidiaries, 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.
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