AFLAC’s (AFL) “Hold” Rating Reaffirmed at Deutsche Bank AG

Deutsche Bank AG reaffirmed their hold rating on shares of AFLAC Incorporated (NYSE:AFL) in a research report report published on Wednesday. Deutsche Bank AG currently has a $72.00 price target on the financial services provider’s stock, up from their previous price target of $70.00.

A number of other brokerages have also recently commented on AFL. Vetr raised shares of AFLAC from a hold rating to a buy rating and set a $77.50 target price for the company in a report on Tuesday. Raymond James Financial, Inc. raised shares of AFLAC from a market perform rating to an outperform rating and set a $80.00 target price for the company in a report on Tuesday. Zacks Investment Research raised shares of AFLAC from a hold rating to a buy rating and set a $82.00 price target for the company in a report on Monday. JPMorgan Chase & Co. increased their price target on shares of AFLAC from $75.00 to $77.00 and gave the stock an overweight rating in a report on Monday, April 3rd. Finally, Bank of America Corp raised shares of AFLAC from an underperform rating to a neutral rating and increased their price target for the stock from $75.00 to $78.00 in a report on Thursday, April 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. AFLAC currently has a consensus rating of Hold and an average target price of $73.38.

Shares of AFLAC (NYSE:AFL) traded up 0.3836% during trading on Wednesday, reaching $73.8522. The company had a trading volume of 261,767 shares. AFLAC has a 1-year low of $66.50 and a 1-year high of $74.50. The firm has a market capitalization of $29.65 billion, a PE ratio of 11.5035 and a beta of 1.01. The firm has a 50-day moving average of $72.47 and a 200 day moving average of $70.86.

AFLAC (NYSE:AFL) last announced its earnings results on Tuesday, January 31st. The financial services provider reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by $0.09. AFLAC had a net margin of 11.79% and a return on equity of 13.10%. The business earned $6 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the company posted $1.56 earnings per share. AFLAC’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts expect that AFLAC will post $6.43 earnings per share for the current year.

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In other AFLAC news, Director Karole Lloyd purchased 2,000 shares of the stock in a transaction dated Friday, February 3rd. The shares were acquired at an average cost of $68.42 per share, for a total transaction of $136,840.00. Following the completion of the transaction, the director now directly owns 4,441 shares of the company’s stock, valued at $303,853.22. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert B. Johnson sold 1,975 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $71.45, for a total transaction of $141,113.75. Following the completion of the sale, the director now owns 15,306 shares in the company, valued at $1,093,613.70. The disclosure for this sale can be found here. Insiders have sold 52,630 shares of company stock worth $3,760,333 over the last 90 days. 3.90% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. IFC Holdings Incorporated FL raised its stake in AFLAC by 2.6% in the third quarter. IFC Holdings Incorporated FL now owns 4,988 shares of the financial services provider’s stock valued at $357,000 after buying an additional 127 shares in the last quarter. Dearborn Partners LLC raised its stake in AFLAC by 10.8% in the third quarter. Dearborn Partners LLC now owns 5,113 shares of the financial services provider’s stock valued at $367,000 after buying an additional 500 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in AFLAC by 0.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 16,782 shares of the financial services provider’s stock valued at $1,206,000 after buying an additional 66 shares in the last quarter. Regentatlantic Capital LLC raised its stake in AFLAC by 5.4% in the third quarter. Regentatlantic Capital LLC now owns 15,230 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 786 shares in the last quarter. Finally, Grimes & Company Inc. raised its stake in AFLAC by 3.1% in the third quarter. Grimes & Company Inc. now owns 3,317 shares of the financial services provider’s stock valued at $239,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 62.45% of the company’s stock.

About AFLAC

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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