Aflac (NYSE:AFL) Price Target Raised to $109.00

by · The Cerbat Gem

Aflac (NYSE:AFL – Get Free Report) had its target price increased by Wells Fargo & Company from $107.00 to $109.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential downside of 4.44% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Morgan Stanley increased their target price on shares of Aflac from $108.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. JPMorgan Chase & Co. raised their price target on shares of Aflac from $100.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday. Evercore ISI lifted their target price on Aflac from $110.00 to $111.00 and gave the stock an “underperform” rating in a research report on Friday. UBS Group cut their target price on shares of Aflac from $114.00 to $111.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Aflac from $108.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $110.50.

Get Our Latest Analysis on Aflac

Aflac Price Performance

Shares of NYSE AFL traded up $0.37 during trading on Friday, hitting $114.07. 838,986 shares of the company were exchanged, compared to its average volume of 2,185,860. The firm’s fifty day moving average price is $108.84 and its 200 day moving average price is $105.69. Aflac has a 1 year low of $96.95 and a 1 year high of $115.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $61.01 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.93 and a beta of 0.83.

Aflac (NYSE:AFL – Get Free Report) last issued its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.07 EPS for the quarter. The firm had revenue of $5.91 billion for the quarter. Aflac had a net margin of 15.32% and a return on equity of 15.08%. On average, sell-side analysts expect that Aflac will post 6.88 earnings per share for the current fiscal year.

Aflac announced that its board has approved a stock buyback program on Tuesday, August 12th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AFL. Brighton Jones LLC raised its holdings in Aflac by 64.4% in the 4th quarter. Brighton Jones LLC now owns 14,570 shares of the financial services provider’s stock valued at $1,507,000 after acquiring an additional 5,708 shares in the last quarter. Bison Wealth LLC grew its stake in Aflac by 4.3% during the fourth quarter. Bison Wealth LLC now owns 4,402 shares of the financial services provider’s stock worth $455,000 after buying an additional 183 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Aflac by 1.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 814,586 shares of the financial services provider’s stock valued at $90,574,000 after purchasing an additional 11,877 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Aflac by 4.1% in the first quarter. Brown Advisory Inc. now owns 29,913 shares of the financial services provider’s stock valued at $3,326,000 after buying an additional 1,190 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in shares of Aflac by 18.0% in the first quarter. Bridges Investment Management Inc. now owns 2,958 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 452 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Company Profile

(Get Free Report)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

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