Aflac (AFL) Set to Announce Quarterly Earnings on Wednesday

Aflac (NYSE:AFLGet Rating) will be announcing its earnings results after the market closes on Wednesday, April 27th. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Aflac (NYSE:AFLGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.03. Aflac had a return on equity of 12.12% and a net margin of 19.57%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same period in the previous year, the business posted $1.07 EPS. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, analysts expect Aflac to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NYSE AFL opened at $65.49 on Wednesday. Aflac has a 52-week low of $51.28 and a 52-week high of $66.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $42.56 billion, a P/E ratio of 10.26, a P/E/G ratio of 2.49 and a beta of 0.94. The company has a fifty day moving average of $63.19 and a 200-day moving average of $59.89.

AFL has been the topic of a number of recent analyst reports. Raymond James raised their price target on shares of Aflac from $60.00 to $67.00 and gave the stock an “outperform” rating in a report on Monday, February 7th. Royal Bank of Canada lifted their price target on shares of Aflac from $61.00 to $66.00 in a research report on Friday, February 4th. Jefferies Financial Group assumed coverage on shares of Aflac in a research note on Tuesday, January 25th. They set a “hold” rating and a $60.00 price objective for the company. Truist Financial lifted their price objective on Aflac from $53.00 to $63.00 in a report on Friday, February 4th. Finally, Wolfe Research began coverage on Aflac in a research report on Friday, January 21st. They set a “market perform” rating and a $63.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Aflac presently has a consensus rating of “Hold” and a consensus price target of $61.45.

In other Aflac news, EVP Eric M. Kirsch sold 18,750 shares of the company’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $64.36, for a total value of $1,206,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Toshihiko Fukuzawa sold 1,300 shares of the company’s stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $65.50, for a total value of $85,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 53,993 shares of company stock worth $3,441,526 in the last quarter. 1.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AFL. Vident Investment Advisory LLC increased its position in Aflac by 4.2% in the fourth quarter. Vident Investment Advisory LLC now owns 58,318 shares of the financial services provider’s stock worth $3,406,000 after buying an additional 2,348 shares during the period. Paradigm Financial Partners LLC acquired a new position in shares of Aflac during the fourth quarter valued at $419,000. NewEdge Advisors LLC increased its holdings in shares of Aflac by 72.0% during the fourth quarter. NewEdge Advisors LLC now owns 61,391 shares of the financial services provider’s stock valued at $3,585,000 after purchasing an additional 25,690 shares during the period. First Community Trust NA acquired a new position in shares of Aflac during the fourth quarter valued at $39,000. Finally, Toroso Investments LLC increased its holdings in shares of Aflac by 24.4% during the fourth quarter. Toroso Investments LLC now owns 8,050 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 1,579 shares during the period. Hedge funds and other institutional investors own 65.53% of the company’s stock.

About Aflac (Get Rating)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

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Earnings History for Aflac (NYSE:AFL)

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