Aflac Inc. (NYSE:AFL) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $74.76 price target on the stock. Vetr‘s price target suggests a potential upside of 4.38% from the company’s current price.
A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Co. initiated coverage on shares of Aflac in a report on Friday, September 23rd. They issued a “market perform” rating on the stock. FBR & Co reissued a “hold” rating on shares of Aflac in a report on Friday, October 28th. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Tuesday, July 26th. Credit Suisse Group AG initiated coverage on Aflac in a research note on Friday, October 7th. They issued an “underperform” rating and a $75.00 price objective on the stock. Finally, Deutsche Bank AG restated a “hold” rating and issued a $73.00 price objective (down from $75.00) on shares of Aflac in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.21.
Aflac (NYSE:AFL) traded up 0.62% during midday trading on Tuesday, reaching $71.62. The company had a trading volume of 1,579,666 shares. The stock’s 50 day moving average is $70.73 and its 200 day moving average is $71.29. The firm has a market capitalization of $29.23 billion, a price-to-earnings ratio of 11.35 and a beta of 1.07. Aflac has a 12-month low of $54.57 and a 12-month high of $74.50.
Aflac (NYSE:AFL) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.08. The company had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $5.75 billion. Aflac had a net margin of 12.03% and a return on equity of 13.72%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.32 EPS. Equities research analysts expect that Aflac will post $6.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.72 annualized dividend and a yield of 2.40%. This is a positive change from Aflac’s previous quarterly dividend of $0.41. Aflac’s dividend payout ratio is currently 27.30%.
In other Aflac news, insider Teresa L. White sold 35,734 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $74.28, for a total value of $2,654,321.52. Following the completion of the sale, the insider now owns 29,633 shares of the company’s stock, valued at $2,201,139.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Audrey B. Tillman sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $73.98, for a total value of $110,970.00. Following the completion of the sale, the insider now directly owns 33,958 shares of the company’s stock, valued at approximately $2,512,212.84. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of AFL. Global X Management Co. LLC raised its stake in shares of Aflac by 2,617.5% in the second quarter. Global X Management Co. LLC now owns 1,549 shares of the company’s stock valued at $112,000 after buying an additional 1,492 shares in the last quarter. New York Life Trust Co. raised its stake in Aflac by 7.7% in the third quarter. New York Life Trust Co. now owns 1,550 shares of the company’s stock worth $111,000 after buying an additional 111 shares during the period. TLP Group LLC bought a new stake in Aflac during the third quarter worth $123,000. Tower Research Capital LLC TRC raised its stake in Aflac by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,736 shares of the company’s stock worth $125,000 after buying an additional 588 shares during the period. Finally, Mosaic Family Wealth LLC raised its stake in Aflac by 41.7% in the third quarter. Mosaic Family Wealth LLC now owns 1,766 shares of the company’s stock worth $127,000 after buying an additional 520 shares during the period. 63.17% of the stock is owned by institutional investors and hedge funds.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.