Vetr upgraded shares of Aflac Inc. (NYSE:AFL) from a hold rating to a buy rating in a report released on Monday. Vetr currently has $74.76 price target on the stock.
Several other analysts also recently commented on AFL. Deutsche Bank AG boosted their target price on shares of Aflac from $71.00 to $73.00 and gave the stock a hold rating in a research report on Thursday, July 7th. Zacks Investment Research cut shares of Aflac from a buy rating to a hold rating in a research note on Thursday, August 4th. Credit Suisse Group AG started coverage on shares of Aflac in a research note on Friday, October 7th. They issued an underperform rating and a $75.00 price objective for the company. FBR & Co restated a hold rating on shares of Aflac in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. restated a hold rating on shares of Aflac in a research note on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. Aflac has an average rating of Hold and an average price target of $70.21.
Aflac (NYSE:AFL) opened at 71.14 on Monday. Aflac has a one year low of $54.57 and a one year high of $74.50. The firm has a market capitalization of $29.14 billion, a price-to-earnings ratio of 11.70 and a beta of 1.33. The firm’s 50-day moving average is $72.36 and its 200 day moving average is $70.60.
Aflac (NYSE:AFL) last posted its earnings results on Thursday, July 28th. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.03. The company earned $5.44 billion during the quarter, compared to the consensus estimate of $5.45 billion. Aflac had a net margin of 12.12% and a return on equity of 14.30%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 earnings per share. Analysts forecast that Aflac will post $6.85 EPS for the current fiscal year.
In other news, insider Audrey B. Tillman sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $73.98, for a total value of $110,970.00. Following the sale, the insider now owns 33,958 shares of the company’s stock, valued at approximately $2,512,212.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Audrey B. Tillman sold 18,856 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $73.50, for a total transaction of $1,385,916.00. Following the completion of the sale, the insider now directly owns 43,087 shares in the company, valued at approximately $3,166,894.50. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Guinness Asset Management Ltd raised its stake in Aflac by 12.8% in the third quarter. Guinness Asset Management Ltd now owns 106,930 shares of the company’s stock valued at $7,685,000 after buying an additional 12,130 shares during the last quarter. American National Bank raised its stake in Aflac by 77.8% in the third quarter. American National Bank now owns 174,146 shares of the company’s stock valued at $11,753,000 after buying an additional 76,196 shares during the last quarter. Ronald Blue & Co. LLC raised its stake in Aflac by 8.3% in the third quarter. Ronald Blue & Co. LLC now owns 7,710 shares of the company’s stock valued at $554,000 after buying an additional 593 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in Aflac during the third quarter valued at $224,000. Finally, Pennsylvania Trust Co raised its stake in Aflac by 3.3% in the third quarter. Pennsylvania Trust Co now owns 3,563 shares of the company’s stock valued at $256,000 after buying an additional 113 shares during the last quarter. 62.87% of the stock is currently 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.