Aflac (NYSE:AFL) Receives New Coverage from Analysts at Citigroup

Stock analysts at Citigroup began coverage on shares of Aflac (NYSE:AFLGet Rating) in a report issued on Monday, The Fly reports. The brokerage set a “neutral” rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on AFL. Piper Sandler increased their price objective on Aflac from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 6th. Truist Financial raised their price objective on Aflac from $53.00 to $63.00 in a report on Friday, February 4th. Raymond James raised their target price on Aflac from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Monday, February 7th. Royal Bank of Canada lifted their price objective on Aflac from $61.00 to $66.00 in a report on Friday, February 4th. Finally, Morgan Stanley lifted their price objective on Aflac from $67.00 to $69.00 and gave the stock an “overweight” rating in a report on Tuesday, February 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.45.

AFL traded up $1.45 on Monday, hitting $56.54. 111,367 shares of the company’s stock were exchanged, compared to its average volume of 3,066,562. Aflac has a fifty-two week low of $51.28 and a fifty-two week high of $67.20. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $61.83 and a 200-day moving average price of $60.52. The stock has a market cap of $36.42 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 2.11 and a beta of 0.96.

Aflac (NYSE:AFLGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.16 billion. Aflac had a net margin of 18.90% and a return on equity of 11.96%. During the same period in the previous year, the firm earned $1.53 EPS. On average, equities analysts predict that Aflac will post 5.27 EPS for the current year.

In other news, VP June P. Howard sold 9,070 shares of the stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $60.69, for a total value of $550,458.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karole Lloyd bought 1,000 shares of the company’s stock in a transaction dated Thursday, April 28th. The stock was bought at an average cost of $59.36 per share, with a total value of $59,360.00. Following the completion of the acquisition, the director now owns 38,588 shares in the company, valued at approximately $2,290,583.68. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 12,357 shares of company stock valued at $764,809. Insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of AFL. State Street Corp grew its position in Aflac by 1.1% during the 4th quarter. State Street Corp now owns 33,531,471 shares of the financial services provider’s stock worth $1,957,903,000 after acquiring an additional 379,178 shares during the last quarter. Geode Capital Management LLC grew its position in Aflac by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 12,177,065 shares of the financial services provider’s stock worth $709,307,000 after acquiring an additional 217,701 shares during the last quarter. LSV Asset Management grew its position in Aflac by 0.4% during the 4th quarter. LSV Asset Management now owns 6,537,089 shares of the financial services provider’s stock worth $381,701,000 after acquiring an additional 28,200 shares during the last quarter. Maj Invest Holding A S grew its position in Aflac by 18.8% during the 1st quarter. Maj Invest Holding A S now owns 5,061,371 shares of the financial services provider’s stock worth $325,902,000 after acquiring an additional 799,609 shares during the last quarter. Finally, Invesco Ltd. grew its position in Aflac by 62.4% during the 1st quarter. Invesco Ltd. now owns 4,936,608 shares of the financial services provider’s stock worth $317,865,000 after acquiring an additional 1,897,212 shares during the last quarter. 66.45% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Stories

The Fly logo

Analyst Recommendations for Aflac (NYSE:AFL)

Receive News & Ratings for Aflac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aflac and related companies with MarketBeat.com's FREE daily email newsletter.