Aflac Inc. (AFL) Upgraded by Vetr Inc. to “Buy”
Aflac Inc. (NYSE:AFL) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm currently has a $74.76 price objective on the stock. Vetr‘s target price suggests a potential upside of 5.86% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, July 26th. Deutsche Bank AG reaffirmed a “hold” rating and set a $73.00 price target (down previously from $75.00) on shares of Aflac in a research note on Monday, August 1st. FBR & Co reaffirmed a “hold” rating on shares of Aflac in a research note on Friday, July 29th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Aflac in a research note on Wednesday, July 6th. Finally, Wells Fargo & Co. started coverage on Aflac in a research note on Friday, September 23rd. They set a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $70.21.
Aflac (NYSE:AFL) traded down 0.48% on Monday, reaching $70.62. 1,296,800 shares of the company’s stock were exchanged. The company has a market capitalization of $28.92 billion, a PE ratio of 11.61 and a beta of 1.33. Aflac has a 1-year low of $54.57 and a 1-year high of $74.50. The company has a 50 day moving average price of $72.36 and a 200-day moving average price of $70.60.
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Aflac (NYSE:AFL) last released its earnings results on Thursday, July 28th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. Aflac had a return on equity of 14.30% and a net margin of 12.12%. The company earned $5.44 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the company earned $1.50 earnings per share. Aflac’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Aflac will post $6.85 earnings per share for the current year.
In related news, Director Barbara K. Rimer sold 3,650 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $71.74, for a total transaction of $261,851.00. Following the transaction, the director now directly owns 15,910 shares of the company’s stock, valued at approximately $1,141,383.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Audrey B. Tillman sold 18,856 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $73.50, for a total value of $1,385,916.00. Following the transaction, the insider now directly owns 43,087 shares in the company, valued at $3,166,894.50. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in Aflac by 0.6% in the second quarter. Sunbelt Securities Inc. now owns 3,266 shares of the company’s stock valued at $236,000 after buying an additional 19 shares during the period. Palisade Capital Management LLC NJ raised its position in Aflac by 0.6% in the second quarter. Palisade Capital Management LLC NJ now owns 5,430 shares of the company’s stock valued at $392,000 after buying an additional 30 shares during the period. Haverford Trust Co. raised its position in Aflac by 0.3% in the second quarter. Haverford Trust Co. now owns 10,722 shares of the company’s stock valued at $774,000 after buying an additional 35 shares during the period. Associated Banc Corp raised its position in Aflac by 0.5% in the second quarter. Associated Banc Corp now owns 6,640 shares of the company’s stock valued at $479,000 after buying an additional 36 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Aflac by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 14,260 shares of the company’s stock valued at $1,030,000 after buying an additional 37 shares during the period. 62.87% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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