Wells Fargo & Co reiterated their market perform rating on shares of AFLAC (NYSE:AFL) in a report issued on Tuesday, The Fly reports. They currently have a $90.00 price objective on the financial services provider’s stock, up from their previous price objective of $84.00.
Other research analysts also recently issued research reports about the company. B. Riley reaffirmed a neutral rating on shares of AFLAC in a research note 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 note on Thursday, September 21st. ValuEngine raised AFLAC from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Royal Bank of Canada reaffirmed a sell rating and issued a $71.00 price target on shares of AFLAC in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group assumed coverage on AFLAC in a research note on Wednesday, October 18th. They issued a neutral rating and a $88.00 price target for the company. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. AFLAC currently has an average rating of Hold and a consensus price target of $80.29.
AFLAC (NYSE:AFL) traded down $6.75 during mid-day trading on Tuesday, reaching $84.94. The company had a trading volume of 9,550,000 shares, compared to its average volume of 1,680,000. The firm has a market capitalization of $33,390.00, a P/E ratio of 12.33, a PEG ratio of 2.64 and a beta of 1.02. AFLAC has a fifty-two week low of $66.50 and a fifty-two week high of $91.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07.
In other AFLAC news, insider Audrey B. Tillman sold 2,360 shares of AFLAC stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $87.64, for a total value of $206,830.40. Following the transaction, the insider now owns 39,331 shares in the company, valued at $3,446,968.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Masatoshi Koide sold 6,250 shares of AFLAC stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $88.00, for a total value of $550,000.00. Following the completion of the transaction, the chief operating officer now owns 25,037 shares in the company, valued at approximately $2,203,256. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,657 shares of company stock worth $1,988,685. Company insiders own 3.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new stake in shares of AFLAC during the second quarter worth about $358,000. Stephens Inc. AR grew its holdings in shares of AFLAC by 12.5% during the second quarter. Stephens Inc. AR now owns 55,764 shares of the financial services provider’s stock worth $4,332,000 after purchasing an additional 6,208 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of AFLAC by 15.2% during the second quarter. Raymond James Trust N.A. now owns 23,304 shares of the financial services provider’s stock worth $1,811,000 after purchasing an additional 3,071 shares during the last quarter. Cambria Investment Management L.P. grew its holdings in shares of AFLAC by 357.2% during the second quarter. Cambria Investment Management L.P. now owns 89,278 shares of the financial services provider’s stock worth $6,935,000 after purchasing an additional 69,749 shares during the last quarter. Finally, Novare Capital Management LLC bought a new stake in shares of AFLAC during the third quarter worth about $4,720,000. Hedge funds and other institutional investors own 65.63% of the company’s stock.
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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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