Aflac Incorporated (NYSE:AFL) Receives $112.00 Average Price Target from Brokerages

Aflac Incorporated (NYSE:AFLGet Free Report) has been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $112.00.

A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $120.00 price objective on shares of Aflac in a research report on Monday, December 15th. Barclays set a $101.00 target price on shares of Aflac and gave the stock an “underweight” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b+)” rating on shares of Aflac in a research note on Monday, December 22nd. Wells Fargo & Company increased their price target on Aflac from $109.00 to $118.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 25th. Finally, Mizuho set a $107.00 price target on Aflac in a report on Monday, February 9th.

Get Our Latest Stock Report on Aflac

Aflac News Roundup

Here are the key news stories impacting Aflac this week:

Insiders Place Their Bets

In related news, Director Charles D. Lake II sold 15,590 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $109.93, for a total transaction of $1,713,808.70. Following the completion of the sale, the director owned 62,237 shares in the company, valued at approximately $6,841,713.41. This trade represents a 20.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Post Holdings Co. Ltd. Japan sold 14,200 shares of Aflac stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $107.03, for a total transaction of $1,519,826.00. Following the completion of the sale, the insider directly owned 52,018,600 shares in the company, valued at approximately $5,567,550,758. This represents a 0.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 235,077 shares of company stock worth $25,690,082 over the last quarter. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Aflac

Large investors have recently modified their holdings of the stock. True Wealth Design LLC raised its holdings in Aflac by 188.5% during the 3rd quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares during the period. Quarry LP purchased a new stake in shares of Aflac during the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Aflac in the fourth quarter worth $29,000. Navalign LLC bought a new position in shares of Aflac in the fourth quarter worth $32,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Aflac in the second quarter valued at $33,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Aflac Price Performance

Shares of NYSE:AFL opened at $106.50 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $111.13 and its two-hundred day simple moving average is $110.38. Aflac has a 1-year low of $96.95 and a 1-year high of $119.32. The stock has a market cap of $54.87 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 3.49 and a beta of 0.66.

Aflac (NYSE:AFLGet Free Report) last posted its earnings results on Wednesday, February 4th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.12). The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.45 billion. Aflac had a return on equity of 14.35% and a net margin of 21.24%.The business’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.57 EPS. As a group, analysts forecast that Aflac will post 6.88 EPS for the current fiscal year.

Aflac Company Profile

(Get Free Report)

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.

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Analyst Recommendations for Aflac (NYSE:AFL)

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