Shares of Aflac Incorporated (NYSE:AFL – Get Rating) have earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $61.33.
A number of analysts have recently issued reports on AFL shares. Piper Sandler lifted their price objective on shares of Aflac from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 6th. Citigroup initiated coverage on shares of Aflac in a report on Monday. They set a “neutral” rating and a $60.00 price objective for the company. Raymond James upped their target price on shares of Aflac from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Monday, February 7th. Royal Bank of Canada boosted their price objective on Aflac from $61.00 to $66.00 in a report on Friday, February 4th. Finally, Truist Financial increased their target price on Aflac from $53.00 to $63.00 in a report on Friday, February 4th.
Aflac stock opened at $59.12 on Friday. The stock has a fifty day moving average price of $61.44 and a 200 day moving average price of $60.49. Aflac has a 52 week low of $51.28 and a 52 week high of $67.20. The firm has a market capitalization of $38.08 billion, a P/E ratio of 9.71, a PEG ratio of 2.11 and a beta of 0.96. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Wednesday, May 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.71%. The ex-dividend date is Tuesday, May 17th. Aflac’s dividend payout ratio is presently 26.27%.
In related news, SVP Albert Riggieri sold 1,687 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $65.05, for a total value of $109,739.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP June P. Howard sold 9,070 shares of Aflac stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $60.69, for a total transaction of $550,458.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,357 shares of company stock valued at $764,809. Corporate insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of AFL. Gradient Investments LLC increased its stake in Aflac by 4.7% in the 1st quarter. Gradient Investments LLC now owns 13,916 shares of the financial services provider’s stock valued at $896,000 after buying an additional 624 shares during the period. M Holdings Securities Inc. purchased a new stake in shares of Aflac during the first quarter worth $264,000. Advisory Services Network LLC boosted its position in Aflac by 43.0% during the first quarter. Advisory Services Network LLC now owns 41,304 shares of the financial services provider’s stock valued at $2,659,000 after purchasing an additional 12,426 shares during the last quarter. Verity Asset Management Inc. grew its stake in Aflac by 2.4% in the first quarter. Verity Asset Management Inc. now owns 12,291 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 291 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in Aflac by 48.8% in the 1st quarter. Neuberger Berman Group LLC now owns 166,878 shares of the financial services provider’s stock worth $10,807,000 after purchasing an additional 54,709 shares during the last quarter. Institutional investors own 66.45% of the company’s stock.
Aflac Company Profile (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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