AFLAC (NYSE:AFL) had its price objective increased by SunTrust Banks to $48.00 in a research note released on Monday, February 4th, The Fly reports. They currently have a hold rating on the financial services provider’s stock.
A number of other equities analysts also recently weighed in on AFL. Zacks Investment Research raised shares of AFLAC from a hold rating to a buy rating and set a $52.00 price target on the stock in a report on Thursday, January 17th. ValuEngine raised shares of AFLAC from a strong sell rating to a sell rating in a report on Wednesday, January 2nd. Morgan Stanley lowered their price objective on AFLAC from $48.00 to $46.00 and set an equal weight rating on the stock in a research note on Tuesday, November 13th. Finally, JPMorgan Chase & Co. cut AFLAC from an overweight rating to a neutral rating and set a $51.00 price objective on the stock. in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. AFLAC currently has a consensus rating of Hold and an average target price of $48.42.
AFL traded up $0.03 during mid-day trading on Monday, reaching $49.17. 3,062,326 shares of the stock were exchanged, compared to its average volume of 3,341,899. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market capitalization of $37.11 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 3.37 and a beta of 0.78. AFLAC has a 1 year low of $41.45 and a 1 year high of $49.58.
AFLAC (NYSE:AFL) last posted its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.08. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.47 billion. AFLAC had a net margin of 13.42% and a return on equity of 13.62%. As a group, equities analysts anticipate that AFLAC will post 4.22 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 20th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, February 19th. This is a boost from AFLAC’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.20%. AFLAC’s dividend payout ratio is currently 25.96%.
In other news, insider Audrey B. Tillman sold 2,100 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $48.71, for a total transaction of $102,291.00. Following the sale, the insider now directly owns 105,017 shares in the company, valued at $5,115,378.07. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Richard Williams, Jr. sold 1,129 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $43.97, for a total transaction of $49,642.13. Following the completion of the transaction, the vice president now owns 14,577 shares in the company, valued at $640,950.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,087 shares of company stock worth $2,201,207. Company insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Financial Advantage Inc. purchased a new stake in AFLAC in the fourth quarter worth approximately $29,000. Nelson Roberts Investment Advisors LLC purchased a new stake in AFLAC in the fourth quarter worth approximately $33,000. IMS Capital Management purchased a new stake in AFLAC in the third quarter worth approximately $35,000. Vigilant Capital Management LLC purchased a new stake in AFLAC in the fourth quarter worth approximately $39,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in AFLAC in the fourth quarter worth approximately $41,000. 66.98% of the stock is owned by institutional investors and hedge funds.
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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