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

Shares of AFLAC Incorporated (NYSE:AFL) have earned a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, four have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $83.45.

Several research firms have recently issued reports on AFL. ValuEngine upgraded shares of AFLAC from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Janney Montgomery Scott reiterated a “buy” rating on shares of AFLAC in a research note on Tuesday, January 16th. Wells Fargo & Co set a $84.00 target price on shares of AFLAC and gave the stock a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group began coverage on shares of AFLAC in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 target price for the company. Finally, B. Riley reiterated a “neutral” rating on shares of AFLAC in a research note on Monday, November 6th.

Shares of AFLAC (NYSE:AFL) opened at $86.07 on Wednesday. AFLAC has a one year low of $70.34 and a one year high of $91.73. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.22. The stock has a market cap of $33,239.43, a price-to-earnings ratio of 7.82, a PEG ratio of 2.22 and a beta of 1.01.

AFLAC (NYSE:AFL) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.05. AFLAC had a net margin of 20.18% and a return on equity of 12.32%. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The business’s revenue was down 8.9% compared to the same quarter last year. research analysts expect that AFLAC will post 7.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 21st will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.08 annualized dividend and a yield of 2.42%. This is a positive change from AFLAC’s previous quarterly dividend of $0.45. AFLAC’s dividend payout ratio is presently 16.35%.

In related news, COO Masatoshi Koide sold 6,250 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $88.00, for a total transaction of $550,000.00. Following the completion of the transaction, the chief operating officer now owns 25,037 shares in the company, valued at $2,203,256. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Audrey B. Tillman sold 2,360 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $87.64, for a total transaction of $206,830.40. Following the transaction, the insider now owns 39,331 shares of the company’s stock, valued at approximately $3,446,968.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,347 shares of company stock valued at $1,962,778. 3.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC purchased a new stake in AFLAC during the fourth quarter valued at about $101,000. Omnia Family Wealth LLC lifted its holdings in AFLAC by 261.9% during the fourth quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 901 shares during the last quarter. San Francisco Sentry Investment Group CA lifted its holdings in AFLAC by 4,338.7% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,345 shares during the last quarter. Advisors Preferred LLC purchased a new stake in AFLAC during the fourth quarter valued at about $121,000. Finally, Legacy Advisors LLC lifted its holdings in AFLAC by 921.5% during the fourth quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 1,327 shares during the last quarter. Institutional investors own 66.36% of the company’s stock.

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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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