AFLAC (NYSE:AFL) Upgraded to Hold at ValuEngine

AFLAC (NYSE:AFL) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday, ValuEngine reports.

A number of other brokerages have also issued reports on AFL. Zacks Investment Research lowered AFLAC from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. UBS Group reduced their price target on AFLAC from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Raymond James upped their price objective on AFLAC from $55.00 to $56.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 30th. Finally, Barclays upped their price objective on AFLAC from $45.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, May 22nd. Nine analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $50.09.

Shares of NYSE AFL opened at $55.04 on Friday. AFLAC has a twelve month low of $41.45 and a twelve month high of $55.11. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $41.03 billion, a PE ratio of 13.23, a PEG ratio of 3.69 and a beta of 0.71.

AFLAC (NYSE:AFL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.07. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that AFLAC will post 4.3 EPS for the current year.

In other AFLAC news, SVP Albert Riggieri sold 5,247 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $52.39, for a total value of $274,890.33. Following the completion of the transaction, the senior vice president now owns 10,698 shares of the company’s stock, valued at approximately $560,468.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Masatoshi Koide sold 29,008 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.75, for a total value of $1,443,148.00. Following the completion of the transaction, the insider now directly owns 64,512 shares of the company’s stock, valued at approximately $3,209,472. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,332 shares of company stock valued at $9,078,988. Insiders own 1.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of AFLAC in the 4th quarter worth approximately $260,062,000. Oregon Public Employees Retirement Fund raised its holdings in shares of AFLAC by 2,138.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,815,741 shares of the financial services provider’s stock worth $84,000 after buying an additional 3,645,273 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of AFLAC by 86.9% in the 1st quarter. American Century Companies Inc. now owns 6,960,057 shares of the financial services provider’s stock worth $348,003,000 after buying an additional 3,235,386 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of AFLAC by 16.9% in the 1st quarter. Geode Capital Management LLC now owns 12,119,986 shares of the financial services provider’s stock worth $605,128,000 after buying an additional 1,752,462 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of AFLAC by 51.4% in the 4th quarter. Boston Partners now owns 4,914,986 shares of the financial services provider’s stock worth $223,926,000 after buying an additional 1,668,025 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

AFLAC Company Profile

Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

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Analyst Recommendations for AFLAC (NYSE:AFL)

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