Aflac Incorporated (NYSE:AFL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Aflac Incorporated (NYSE:AFLGet Rating) have been given an average recommendation of “Hold” by the thirteen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $64.42.

A number of equities analysts have issued reports on AFL shares. StockNews.com started coverage on Aflac in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Evercore ISI set a $66.00 price objective on shares of Aflac in a report on Thursday. Morgan Stanley boosted their target price on shares of Aflac from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup raised their price target on shares of Aflac from $61.00 to $70.00 in a research note on Wednesday. Finally, Raymond James boosted their price objective on shares of Aflac from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, October 31st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AFL. EdgeRock Capital LLC bought a new stake in Aflac in the third quarter valued at $26,000. New Millennium Group LLC acquired a new position in Aflac during the 2nd quarter worth approximately $25,000. Curi Wealth Management LLC boosted its holdings in Aflac by 8,550.0% in the second quarter. Curi Wealth Management LLC now owns 519 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 513 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Aflac in the first quarter valued at approximately $37,000. Finally, Horizons Wealth Management bought a new stake in shares of Aflac during the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 66.32% of the company’s stock.

Aflac Stock Down 0.3 %

AFL stock opened at $70.59 on Friday. The firm has a 50-day moving average price of $62.01 and a 200-day moving average price of $59.27. Aflac has a 12 month low of $52.07 and a 12 month high of $71.37. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $43.89 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 2.64 and a beta of 0.93.

Aflac (NYSE:AFLGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The financial services provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.07). The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.58 billion. Aflac had a net margin of 24.16% and a return on equity of 12.53%. Aflac’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 EPS. As a group, equities research analysts anticipate that Aflac will post 5.33 EPS for the current fiscal year.

Aflac Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be given a dividend of $0.42 per share. This is a positive change from Aflac’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.38%. Aflac’s dividend payout ratio is presently 20.41%.

Aflac declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 8th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.

Further Reading

Analyst Recommendations for Aflac (NYSE:AFL)

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