Aflac (AFL) Receives Hold Rating from Sandler O’Neill

Sandler O’Neill reaffirmed their hold rating on shares of Aflac (NYSE:AFL) in a research report report published on Thursday morning. They currently have a $47.00 target price on the financial services provider’s stock.

A number of other research firms have also commented on AFL. JPMorgan Chase lowered their target price on shares of Aflac to $47.00 and set an overweight rating for the company in a report on Tuesday, March 27th. Zacks Investment Research raised shares of Aflac from a hold rating to a buy rating and set a $48.00 target price for the company in a report on Tuesday. Janney Montgomery Scott reaffirmed a buy rating on shares of Aflac in a report on Tuesday, January 16th. Wells Fargo reaffirmed a market perform rating and set a $45.00 target price (up previously from $42.00) on shares of Aflac in a report on Tuesday, January 9th. Finally, ValuEngine raised shares of Aflac from a buy rating to a strong-buy rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $44.68.

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AFL traded down $0.56 during trading on Thursday, reaching $43.14. 1,774,038 shares of the company’s stock were exchanged, compared to its average volume of 4,909,614. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.05 and a current ratio of 0.05. Aflac has a fifty-two week low of $36.32 and a fifty-two week high of $45.88. The firm has a market capitalization of $34,479.16, a PE ratio of 12.69, a P/E/G ratio of 1.75 and a beta of 0.95.

Aflac (NYSE:AFL) last released its earnings results on Wednesday, January 31st. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. Aflac had a net margin of 20.18% and a return on equity of 12.29%. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. equities analysts forecast that Aflac will post 3.87 EPS for the current year.

In other news, Director Joseph L. Moskowitz acquired 550 shares of the stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $89.13 per share, for a total transaction of $49,021.50. Following the purchase, the director now directly owns 9,263 shares of the company’s stock, valued at $825,611.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles B. Knapp sold 10,000 shares of the business’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $43.72, for a total transaction of $437,200.00. Following the transaction, the director now owns 76,582 shares in the company, valued at $3,348,165.04. The disclosure for this sale can be found here. Insiders have sold a total of 37,631 shares of company stock worth $2,919,118 over the last three months. Insiders own 3.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AFL. Dimensional Fund Advisors LP increased its stake in shares of Aflac by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,075,085 shares of the financial services provider’s stock worth $250,315,000 after purchasing an additional 40,176 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Aflac by 56.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,891 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 3,559 shares during the last quarter. Invictus RG acquired a new position in shares of Aflac during the 3rd quarter worth about $276,000. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Aflac by 3.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 53,562 shares of the financial services provider’s stock worth $4,378,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Aflac by 6.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 58,999 shares of the financial services provider’s stock worth $4,802,000 after purchasing an additional 3,622 shares during the last quarter. Institutional investors own 68.72% of the company’s stock.

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Aflac Company Profile

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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.

Analyst Recommendations for Aflac (NYSE:AFL)

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