AFLAC Incorporated (AFL) Given Average Rating of “Hold” by Brokerages

AFLAC Incorporated (NYSE:AFL) has been given an average rating of “Hold” by the seventeen research firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $78.55.

Several research firms have weighed in on AFL. B. Riley reissued a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Thursday, September 21st. Royal Bank of Canada reissued a “sell” rating and set a $71.00 price target on shares of AFLAC in a research report on Tuesday, October 10th. Wells Fargo & Co set a $82.00 price target on AFLAC and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Goldman Sachs Group began coverage on AFLAC in a research report on Wednesday, October 18th. They set a “neutral” rating and a $88.00 price target for the company.

In other news, insider Audrey B. Tillman sold 310 shares of the firm’s stock in a transaction 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 in the company, valued at $3,504,675.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Kriss Cloninger III sold 6,057 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $87.73, for a total value of $531,380.61. Following the sale, the president now owns 241,099 shares in the company, valued at approximately $21,151,615.27. The disclosure for this sale can be found here. Insiders have sold 10,777 shares of company stock worth $939,209 in the last 90 days. Insiders own 3.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of AFL. Dynamic Technology Lab Private Ltd acquired a new position in AFLAC in the second quarter valued at $358,000. Keybank National Association OH boosted its holdings in AFLAC by 242.1% in the second quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock valued at $9,960,000 after acquiring an additional 90,741 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new position in AFLAC in the second quarter valued at $3,306,000. Coho Partners Ltd. boosted its holdings in AFLAC by 85.3% in the second quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock valued at $169,881,000 after acquiring an additional 1,006,477 shares during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd boosted its holdings in AFLAC by 7.7% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 217,385 shares of the financial services provider’s stock valued at $16,886,000 after acquiring an additional 15,486 shares during the last quarter. Institutional investors and hedge funds own 65.63% of the company’s stock.

AFLAC (AFL) opened at $87.21 on Tuesday. AFLAC has a one year low of $66.50 and a one year high of $89.81. The firm has a market capitalization of $34,286.57, a P/E ratio of 12.64, a P/E/G ratio of 2.58 and a beta of 1.02. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.24.

AFLAC (NYSE:AFL) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The firm had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. AFLAC’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the business posted $1.74 EPS. equities analysts predict that AFLAC will post 6.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.45 per share. This is a boost from AFLAC’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.06%. AFLAC’s dividend payout ratio (DPR) is 26.09%.

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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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