AFLAC (NYSE:AFL) had its price objective hoisted by stock analysts at Morgan Stanley from $47.00 to $48.00 in a research note issued to investors on Thursday. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 2.04% from the company’s previous close.
Several other equities research analysts have also recently issued reports on AFL. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday, May 30th. ValuEngine cut AFLAC from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Sandler O’Neill set a $50.00 target price on AFLAC and gave the company a “hold” rating in a report on Friday, July 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 target price on shares of AFLAC in a report on Wednesday, August 1st. Finally, B. Riley lifted their target price on AFLAC from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $47.37.
AFL stock opened at $47.04 on Thursday. AFLAC has a 52-week low of $40.55 and a 52-week high of $48.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $36.62 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.08. AFLAC had a return on equity of 12.53% and a net margin of 21.00%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. equities research analysts predict that AFLAC will post 4.06 EPS for the current fiscal year.
In other AFLAC news, Director Joseph L. Moskowitz sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total transaction of $69,570.00. Following the transaction, the director now owns 17,779 shares in the company, valued at $824,590.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Douglas Wayne Johnson sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $46.52, for a total value of $93,040.00. Following the transaction, the director now owns 29,859 shares in the company, valued at approximately $1,389,040.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,947 shares of company stock worth $3,040,430. 3.00% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of AFL. LSV Asset Management increased its position in shares of AFLAC by 4.2% during the second quarter. LSV Asset Management now owns 6,323,617 shares of the financial services provider’s stock worth $272,042,000 after acquiring an additional 253,241 shares during the last quarter. Victory Capital Management Inc. increased its holdings in AFLAC by 1.3% in the second quarter. Victory Capital Management Inc. now owns 5,324,389 shares of the financial services provider’s stock valued at $229,055,000 after buying an additional 68,747 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in AFLAC by 681.1% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 4,891,075 shares of the financial services provider’s stock valued at $214,033,000 after buying an additional 4,264,932 shares during the last quarter. Schroder Investment Management Group increased its holdings in AFLAC by 9.2% in the second quarter. Schroder Investment Management Group now owns 4,560,019 shares of the financial services provider’s stock valued at $197,038,000 after buying an additional 385,727 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in AFLAC by 89.9% in the first quarter. Legal & General Group Plc now owns 4,051,350 shares of the financial services provider’s stock valued at $177,290,000 after buying an additional 1,917,603 shares during the last quarter. Institutional investors own 67.16% of the company’s stock.
AFLAC Company Profile
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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