Aflac Incorporated (NYSE:AFL) Receives Consensus Rating of “Hold” from Brokerages

Aflac Incorporated (NYSE:AFLGet Rating) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $64.42.

A number of brokerages have issued reports on AFL. Raymond James lifted their target price on shares of Aflac from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Royal Bank of Canada increased their price objective on shares of Aflac from $66.00 to $68.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 2nd. Morgan Stanley lifted their price target on shares of Aflac from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday. StockNews.com started coverage on Aflac in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Citigroup raised their price objective on Aflac from $61.00 to $70.00 in a research report on Wednesday.

Aflac Trading Down 0.3 %

NYSE:AFL opened at $70.59 on Friday. The stock’s 50 day moving average price is $62.01 and its 200 day moving average price is $59.27. The company has a market capitalization of $43.89 billion, a PE ratio of 9.00, a P/E/G ratio of 2.64 and a beta of 0.93. Aflac has a 52-week low of $52.07 and a 52-week high of $71.37. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.31.

Aflac (NYSE:AFLGet Rating) last released its earnings results 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). Aflac had a return on equity of 12.53% and a net margin of 24.16%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the business posted $1.53 EPS. The firm’s revenue was down 8.0% on a year-over-year basis. On average, research analysts anticipate that Aflac will post 5.33 EPS for the current year.

Aflac declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 8th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Aflac Increases Dividend

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

Institutional Trading of Aflac

Several large investors have recently made changes to their positions in AFL. Belpointe Asset Management LLC grew its stake in shares of Aflac by 43.6% during the first quarter. Belpointe Asset Management LLC now owns 4,089 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 1,242 shares during the period. Park Avenue Securities LLC lifted its position in shares of Aflac by 29.2% in the first quarter. Park Avenue Securities LLC now owns 7,186 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 1,623 shares in the last quarter. Regentatlantic Capital LLC lifted its position in Aflac by 2.9% during the 1st quarter. Regentatlantic Capital LLC now owns 41,751 shares of the financial services provider’s stock worth $2,688,000 after buying an additional 1,171 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its position in Aflac by 3.0% during the first quarter. Pinnacle Financial Partners Inc. now owns 25,606 shares of the financial services provider’s stock valued at $1,649,000 after purchasing an additional 755 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Aflac by 3.7% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 79,583 shares of the financial services provider’s stock valued at $5,124,000 after buying an additional 2,863 shares during the last quarter. Institutional investors own 66.32% 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.

Further Reading

Analyst Recommendations for Aflac (NYSE:AFL)

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