AFLAC Incorporated (NYSE:AFL) has earned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $83.45.
Several research firms have issued reports on AFL. ValuEngine upgraded shares of AFLAC from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Janney Montgomery Scott reiterated a “buy” rating on shares of AFLAC in a report on Tuesday, January 16th. Wells Fargo & Co set a $82.00 target price on shares of AFLAC and gave the stock a “hold” rating in a report on Wednesday, October 25th. B. Riley reiterated a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Finally, Citigroup upgraded shares of AFLAC to a “strong-buy” rating and increased their target price for the stock from $88.00 to $100.00 in a report on Monday, January 22nd.
In other AFLAC news, President Kriss Cloninger III sold 6,057 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $87.73, for a total value of $531,380.61. Following the completion of the sale, the president now directly owns 241,099 shares in the company, valued at $21,151,615.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Masatoshi Koide sold 6,250 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $88.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief operating officer now owns 25,037 shares of the company’s stock, valued at $2,203,256. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,347 shares of company stock valued at $1,962,778. 3.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of AFL. Virtu KCG Holdings LLC purchased a new stake in AFLAC in the second quarter worth about $315,000. Cubist Systematic Strategies LLC increased its stake in shares of AFLAC by 167.0% during the second quarter. Cubist Systematic Strategies LLC now owns 8,894 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 5,563 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of AFLAC during the second quarter valued at approximately $3,245,000. Dynamic Technology Lab Private Ltd bought a new position in shares of AFLAC during the second quarter valued at approximately $358,000. Finally, Advisory Services Network LLC increased its stake in shares of AFLAC by 1.0% during the second quarter. Advisory Services Network LLC now owns 4,915 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 66.87% of the company’s stock.
AFLAC (NYSE AFL) traded up $1.23 during midday trading on Wednesday, reaching $89.65. 2,142,500 shares of the company’s stock traded hands, compared to its average volume of 2,695,312. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.22. AFLAC has a twelve month low of $70.34 and a twelve month high of $91.73. The stock has a market capitalization of $35,250.00, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01.
AFLAC shares are set to split on the morning of Monday, March 19th. The 2-1 split was announced on Tuesday, February 13th. The newly minted shares will be distributed to shareholders after the market closes on Friday, March 16th.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.05. AFLAC had a net margin of 20.18% and a return on equity of 12.32%. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The company’s revenue was down 8.9% on a year-over-year basis. equities analysts expect that AFLAC will post 7.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.52 per share. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, February 20th. AFLAC’s dividend payout ratio is currently 16.36%.
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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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