Aflac Inc. (AFL) Upgraded to “Buy” at Vetr Inc.
Aflac Inc. (NYSE:AFL) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $74.76 target price on the stock. Vetr‘s target price would indicate a potential upside of 5.86% from the stock’s previous close.
AFL has been the topic of several other reports. FBR & Co reissued a “hold” rating on shares of Aflac in a report on Friday, July 29th. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Tuesday, July 26th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Aflac in a report on Wednesday, July 6th. Credit Suisse Group AG began coverage on shares of Aflac in a report on Friday, October 7th. They issued an “underperform” rating and a $75.00 target price on the stock. Finally, Wells Fargo & Co. began coverage on shares of Aflac in a report on Friday, September 23rd. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $70.21.
Shares of Aflac (NYSE:AFL) traded down 0.48% during trading on Monday, reaching $70.62. 1,296,800 shares of the company traded hands. The firm has a market capitalization of $28.92 billion, a price-to-earnings ratio of 11.61 and a beta of 1.33. The company has a 50 day moving average price of $72.36 and a 200 day moving average price of $70.60. Aflac has a 12-month low of $54.57 and a 12-month high of $74.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/aflac-inc-afl-upgraded-to-buy-at-vetr-inc.html
Aflac (NYSE:AFL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.71 earnings per share for the quarter, topping the 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 business earned $5.44 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the previous year, the company earned $1.50 EPS. The business’s revenue was up 2.8% on a year-over-year basis. On average, equities analysts predict that Aflac will post $6.85 EPS for the current year.
In other Aflac news, insider Audrey B. Tillman sold 18,856 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $73.50, for a total transaction of $1,385,916.00. Following the sale, the insider now directly owns 43,087 shares of the company’s stock, valued at approximately $3,166,894.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Koji Ariyoshi sold 3,886 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $73.20, for a total transaction of $284,455.20. Following the sale, the vice president now directly owns 39,841 shares in the company, valued at $2,916,361.20. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Global X Management Co. LLC increased its position in shares of Aflac by 2,617.5% in the second quarter. Global X Management Co. LLC now owns 1,549 shares of the company’s stock worth $112,000 after buying an additional 1,492 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Aflac by 51.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,736 shares of the company’s stock worth $125,000 after buying an additional 588 shares during the period. Oakworth Capital Inc. increased its position in shares of Aflac by 62.4% in the second quarter. Oakworth Capital Inc. now owns 1,835 shares of the company’s stock worth $127,000 after buying an additional 705 shares during the period. Trust Department MB Financial Bank N A increased its position in shares of Aflac by 291.9% in the second quarter. Trust Department MB Financial Bank N A now owns 2,171 shares of the company’s stock worth $135,000 after buying an additional 1,617 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Aflac during the first quarter worth about $153,000. Hedge funds and other institutional investors own 62.87% of the company’s stock.
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.
Receive News & Ratings for Aflac Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac Inc. and related companies with MarketBeat.com's FREE daily email newsletter.