The FBR & Co Reiterates “Hold” Rating for Aflac Inc. (AFL)

The FBR & Co Reiterates “Hold” Rating for Aflac Inc. (AFL)

Aflac Inc. (NYSE:AFL)‘s stock had its “hold” rating reaffirmed by research analysts at FBR & Co in a report issued on Friday.

A number of other analysts also recently issued reports on AFL. JPMorgan Chase & Co. reissued a “hold” rating on shares of Aflac in a research report on Wednesday, July 6th. Evercore ISI initiated coverage on Aflac in a research report on Wednesday, July 6th. They issued a “sell” rating and a $63.00 target price for the company. Deutsche Bank AG raised their target price on Aflac from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Thursday, July 7th. Vetr downgraded Aflac from a “hold” rating to a “sell” rating and set a $70.50 target price for the company. in a research report on Tuesday, July 12th. Finally, Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $70.21.

Aflac (NYSE:AFL) opened at 68.51 on Friday. Aflac has a 12-month low of $54.57 and a 12-month high of $74.50. The stock’s 50 day moving average price is $71.41 and its 200-day moving average price is $70.89. The firm has a market cap of $27.95 billion, a PE ratio of 10.86 and a beta of 1.33.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.08. The company earned $5.72 billion during the quarter, compared to the consensus estimate of $5.75 billion. Aflac had a return on equity of 14.18% and a net margin of 12.03%. Aflac’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. Equities research analysts anticipate that Aflac will post $6.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.43 per share. This is an increase from Aflac’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, November 14th. This represents a $1.72 dividend on an annualized basis and a yield of 2.51%. Aflac’s dividend payout ratio (DPR) is presently 26.03%.

In other news, insider Teresa L. White sold 35,734 shares of Aflac stock in a transaction dated 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 transaction, the insider now owns 29,633 shares in the company, valued at $2,201,139.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Koji Ariyoshi sold 57,413 shares of Aflac stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $73.20, for a total value of $4,202,631.60. Following the completion of the transaction, the vice president now owns 15,956 shares in the company, valued at approximately $1,167,979.20. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AFL. Smead Capital Management Inc. bought a new position in Aflac during the second quarter valued at approximately $119,828,000. Vanguard Group Inc. increased its position in Aflac by 5.6% in the second quarter. Vanguard Group Inc. now owns 29,411,321 shares of the company’s stock valued at $2,122,320,000 after buying an additional 1,571,695 shares in the last quarter. Ameriprise Financial Inc. increased its position in Aflac by 29.3% in the second quarter. Ameriprise Financial Inc. now owns 4,175,649 shares of the company’s stock valued at $301,314,000 after buying an additional 945,952 shares in the last quarter. Wellington Management Group LLP increased its position in Aflac by 1,088.1% in the first quarter. Wellington Management Group LLP now owns 896,658 shares of the company’s stock valued at $56,615,000 after buying an additional 821,189 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in Aflac during the second quarter valued at approximately $48,562,000. Hedge funds and other institutional investors own 62.87% of the company’s stock.

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