AFLAC Incorporated (NYSE:AFL) had its price objective boosted by investment analysts at Deutsche Bank AG from $70.00 to $72.00 in a research note issued on Wednesday. The firm presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s price objective indicates a potential downside of 2.93% from the stock’s current price.
A number of other equities analysts have also recently weighed in on AFL. Evercore ISI raised shares of AFLAC from a “sell” rating to a “hold” rating in a research report on Wednesday, January 11th. Citigroup Inc started coverage on shares of AFLAC in a research report on Thursday, January 26th. They issued a “neutral” rating and a $73.00 price target for the company. Royal Bank of Canada decreased their price target on shares of AFLAC from $65.00 to $62.00 and set an “underperform” rating for the company in a research report on Thursday, February 2nd. Zacks Investment Research cut shares of AFLAC from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. Finally, JPMorgan Chase & Co. raised shares of AFLAC from a “neutral” rating to an “overweight” rating and raised their price target for the company from $71.71 to $75.00 in a research report on Monday, February 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $73.38.
Shares of AFLAC (NYSE:AFL) traded up 0.82% on Wednesday, hitting $74.17. The company’s stock had a trading volume of 1,541,697 shares. The firm has a market cap of $29.77 billion, a price-to-earnings ratio of 11.55 and a beta of 1.01. AFLAC has a one year low of $66.50 and a one year high of $74.50. The stock has a 50-day moving average price of $72.47 and a 200 day moving average price of $70.86.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Tuesday, January 31st. The financial services provider reported $1.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.63 by $0.09. The company had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.65 billion. AFLAC had a return on equity of 13.10% and a net margin of 11.79%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.56 EPS. Equities research analysts predict that AFLAC will post $6.43 EPS for the current year.
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In other news, insider Audrey B. Tillman sold 900 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $71.96, for a total value of $64,764.00. Following the sale, the insider now directly owns 31,185 shares in the company, valued at approximately $2,244,072.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hiroshi Yamauchi sold 19,850 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $71.00, for a total transaction of $1,409,350.00. Following the completion of the sale, the insider now owns 93,594 shares in the company, valued at $6,645,174. The disclosure for this sale can be found here. Insiders sold a total of 52,630 shares of company stock worth $3,760,333 over the last 90 days. Company insiders own 3.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of AFLAC by 7.2% in the fourth quarter. State Street Corp now owns 21,353,746 shares of the financial services provider’s stock worth $1,486,224,000 after buying an additional 1,433,277 shares during the last quarter. Norges Bank purchased a new stake in shares of AFLAC during the fourth quarter worth $1,454,272,000. Nordea Investment Management AB raised its stake in shares of AFLAC by 2.0% in the third quarter. Nordea Investment Management AB now owns 6,796,905 shares of the financial services provider’s stock worth $488,494,000 after buying an additional 131,005 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of AFLAC by 75.7% in the fourth quarter. AQR Capital Management LLC now owns 4,217,298 shares of the financial services provider’s stock worth $293,524,000 after buying an additional 1,817,630 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of AFLAC by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,677,532 shares of the financial services provider’s stock worth $186,369,000 after buying an additional 103,950 shares during the last quarter. Institutional investors and hedge funds own 62.45% of the company’s stock.
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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