Wells Fargo & Co. started coverage on shares of Aflac Inc. (NYSE:AFL) in a research report issued on Friday. The brokerage set a “market perform” rating on the stock.
Other analysts have also issued reports about the stock. Vetr upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $70.50 price target on the stock in a research note on Monday, June 27th. Zacks Investment Research upgraded shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, July 26th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Aflac in a research note on Wednesday, July 6th. Deutsche Bank AG reiterated a “hold” rating and set a $73.00 price target (down from $75.00) on shares of Aflac in a research note on Monday, August 1st. Finally, FBR & Co reiterated a “hold” rating on shares of Aflac in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Aflac has a consensus rating of “Hold” and an average price target of $69.46.
Shares of Aflac (NYSE:AFL) opened at 73.52 on Friday. The company has a 50-day moving average of $72.90 and a 200-day moving average of $69.41. Aflac has a 1-year low of $54.57 and a 1-year high of $74.50. The firm has a market capitalization of $30.11 billion, a PE ratio of 12.09 and a beta of 1.30.
Aflac (NYSE:AFL) last posted its earnings results on Thursday, July 28th. The company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.03. Aflac had a net margin of 12.12% and a return on equity of 14.30%. The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. Aflac’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts predict that Aflac will post $6.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Wednesday, August 24th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, August 22nd. Aflac’s payout ratio is currently 26.93%.
In other news, insider Audrey B. Tillman sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $73.98, for a total value of $110,970.00. Following the completion of the sale, the insider now directly owns 33,958 shares of the company’s stock, valued at $2,512,212.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Koji Ariyoshi sold 57,413 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $73.20, for a total value of $4,202,631.60. Following the completion of the sale, the vice president now directly owns 15,956 shares of the company’s stock, valued at $1,167,979.20. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of AFL. Hyman Charles D purchased a new stake in Aflac during the first quarter valued at $220,000. Virginia Retirement System bought a new stake in shares of Aflac during the first quarter valued at $3,651,000. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Aflac during the first quarter valued at $591,000. Aperio Group LLC increased its stake in shares of Aflac by 9.7% in the first quarter. Aperio Group LLC now owns 498,707 shares of the company’s stock valued at $31,488,000 after buying an additional 44,290 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in shares of Aflac by 2.9% in the first quarter. Commonwealth Equity Services Inc now owns 141,537 shares of the company’s stock valued at $8,937,000 after buying an additional 3,944 shares in the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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