Several other research analysts also recently commented on the company. Evercore ISI initiated coverage on Aflac in a report on Wednesday, July 6th. They set a sell rating and a $63.00 price objective on the stock. Wells Fargo & Co. initiated coverage on Aflac in a report on Friday, September 23rd. They set a market perform rating on the stock. JPMorgan Chase & Co. restated a hold rating on shares of Aflac in a report on Wednesday, July 6th. Zacks Investment Research upgraded Aflac from a hold rating to a buy rating and set a $82.00 price objective on the stock in a report on Tuesday, July 26th. Finally, FBR & Co restated a hold rating on shares of Aflac in a report on Friday, July 29th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $69.88.
Shares of Aflac (NYSE:AFL) opened at 70.98 on Friday. Aflac has a 52-week low of $54.57 and a 52-week high of $74.50. The stock has a market cap of $29.07 billion, a PE ratio of 11.67 and a beta of 1.33. The company’s 50-day moving average price is $72.58 and its 200-day moving average price is $70.38.
Aflac (NYSE:AFL) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.68 by $0.03. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.45 billion. Aflac had a return on equity of 14.30% and a net margin of 12.12%. Aflac’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS. On average, equities research analysts forecast that Aflac will post $6.85 earnings per share for the current fiscal year.
In other Aflac news, VP Koji Ariyoshi sold 3,886 shares of Aflac stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $73.20, for a total transaction of $284,455.20. Following the completion of the transaction, the vice president now owns 39,841 shares in the company, valued at approximately $2,916,361.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Teresa L. White sold 35,734 shares of Aflac stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $74.28, for a total value of $2,654,321.52. Following the transaction, the insider now owns 29,633 shares of the company’s stock, valued at approximately $2,201,139.24. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Columbia Partners L L C Investment Management raised its position in Aflac by 1.4% in the first quarter. Columbia Partners L L C Investment Management now owns 16,312 shares of the company’s stock worth $1,029,000 after buying an additional 232 shares during the last quarter. JPMorgan Chase & Co. raised its position in Aflac by 88.4% in the first quarter. JPMorgan Chase & Co. now owns 738,956 shares of the company’s stock worth $46,657,000 after buying an additional 346,729 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in Aflac during the first quarter worth $153,000. Bessemer Group Inc. raised its position in Aflac by 83.3% in the first quarter. Bessemer Group Inc. now owns 5,500 shares of the company’s stock worth $347,000 after buying an additional 2,500 shares during the last quarter. Finally, Advisor Partners LLC raised its position in Aflac by 12.5% in the first quarter. Advisor Partners LLC now owns 7,591 shares of the company’s stock worth $479,000 after buying an additional 845 shares during the last quarter. Institutional investors and hedge funds own 62.89% of the company’s stock.
Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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