Aflac Incorporated (NYSE:AFL) Receives $110.55 Consensus Price Target from Analysts

by · The Cerbat Gem

Shares of Aflac Incorporated (NYSE:AFL – Get Free Report) have been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $109.8333.

A number of equities analysts recently issued reports on the company. Barclays reiterated an “underweight” rating and issued a $104.00 target price (up from $102.00) on shares of Aflac in a report on Wednesday, November 5th. Morgan Stanley set a $120.00 price objective on shares of Aflac in a report on Monday, December 15th. Weiss Ratings restated a “buy (b+)” rating on shares of Aflac in a report on Monday. Keefe, Bruyette & Woods raised their price target on shares of Aflac from $108.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Finally, Wells Fargo & Company lifted their price target on Aflac from $107.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th.

Read Our Latest Report on AFL

Aflac Price Performance

AFL stock opened at $110.43 on Wednesday. The stock has a market capitalization of $57.88 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 3.24 and a beta of 0.66. The company’s 50-day moving average is $109.86 and its 200-day moving average is $106.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.11 and a quick ratio of 0.11. Aflac has a 1 year low of $96.95 and a 1 year high of $115.83.

Aflac (NYSE:AFL – Get Free Report) last issued its earnings results on Monday, February 27th. The financial services provider reported $1.07 EPS for the quarter. Aflac had a return on equity of 14.97% and a net margin of 23.55%.The business had revenue of $5.91 billion during the quarter. Equities research analysts expect that Aflac will post 6.88 EPS for the current fiscal year.

Aflac Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.2%. This is an increase from Aflac’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, February 18th. Aflac’s dividend payout ratio is currently 30.29%.

Insider Buying and Selling

In related news, Director Joseph L. Moskowitz sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $114.00, for a total transaction of $114,000.00. Following the transaction, the director directly owned 23,615 shares of the company’s stock, valued at $2,692,110. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven Kent Beaver sold 5,492 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $109.53, for a total transaction of $601,538.76. Following the transaction, the executive vice president owned 38,368 shares in the company, valued at approximately $4,202,447.04. This trade represents a 12.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,766 shares of company stock valued at $3,549,706 in the last 90 days. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Aflac

Several hedge funds have recently modified their holdings of the company. True Wealth Design LLC increased its position in shares of Aflac by 188.5% during the third quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares during the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in Aflac in the 2nd quarter valued at $26,000. Chilton Capital Management LLC purchased a new stake in shares of Aflac during the 2nd quarter valued at $26,000. Whipplewood Advisors LLC raised its stake in shares of Aflac by 1,526.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 229 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of Aflac in the 2nd quarter worth about $32,000. Institutional investors own 67.44% of the company’s stock.

Aflac Company Profile

(Get Free Report)

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.

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