AFLAC Incorporated (AFL) Receives Average Rating of “Hold” from Brokerages

Shares of AFLAC Incorporated (NYSE:AFL) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $79.15.

Several analysts recently weighed in on AFL shares. Zacks Investment Research downgraded AFLAC from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Citigroup downgraded AFLAC from a “neutral” rating to a “sell” rating and decreased their target price for the company from $82.00 to $77.00 in a research note on Tuesday, September 26th. Wells Fargo & Co restated a “hold” rating and set a $82.00 target price on shares of AFLAC in a research note on Thursday, September 28th. Royal Bank of Canada restated a “sell” rating and set a $71.00 target price on shares of AFLAC in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group started coverage on AFLAC in a research note on Wednesday, October 18th. They set a “neutral” rating and a $88.00 target price for the company.

In other AFLAC news, COO Masatoshi Koide sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $88.00, for a total value of $550,000.00. Following the completion of the transaction, the chief operating officer now owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Audrey B. Tillman sold 310 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $83.57, for a total value of $25,906.70. Following the completion of the transaction, the insider now directly owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,657 shares of company stock valued at $1,988,685. Insiders own 3.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA raised its holdings in shares of AFLAC by 4,338.7% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,345 shares in the last quarter. Harfst & Associates Inc. raised its holdings in shares of AFLAC by 12.0% in the 2nd quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock worth $154,000 after buying an additional 214 shares in the last quarter. Princeton Portfolio Strategies Group LLC acquired a new position in shares of AFLAC in the 2nd quarter worth approximately $200,000. Ifrah Financial Services Inc. acquired a new position in shares of AFLAC in the 3rd quarter worth approximately $200,000. Finally, Lowe Brockenbrough & Co. Inc. acquired a new position in shares of AFLAC in the 3rd quarter worth approximately $204,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

Shares of AFLAC (NYSE:AFL) opened at $86.82 on Friday. AFLAC has a 52 week low of $66.50 and a 52 week high of $91.73. The firm has a market capitalization of $33,983.85, a P/E ratio of 12.58, a P/E/G ratio of 2.33 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07.

AFLAC (NYSE:AFL) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. The firm had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the company earned $1.74 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. equities analysts forecast that AFLAC will post 6.76 earnings per share for the current year.

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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.

Analyst Recommendations for AFLAC (NYSE:AFL)

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