Aflac Incorporated (NYSE:AFL) Receives $64.42 Average PT from Analysts

Aflac Incorporated (NYSE:AFLGet Rating) has received an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $65.58.

Several research analysts have weighed in on the company. Morgan Stanley increased their price objective on Aflac from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, November 17th. StockNews.com started coverage on Aflac in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup lifted their price target on Aflac from $61.00 to $70.00 in a research note on Wednesday, November 16th. Piper Sandler lifted their price target on Aflac from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. Finally, Evercore ISI set a $66.00 price objective on Aflac in a research report on Thursday, November 17th.

Insider Buying and Selling at Aflac

In other Aflac news, EVP Audrey B. Tillman sold 22,400 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $70.80, for a total transaction of $1,585,920.00. Following the completion of the transaction, the executive vice president now owns 151,706 shares of the company’s stock, valued at approximately $10,740,784.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Audrey B. Tillman sold 22,400 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $70.80, for a total transaction of $1,585,920.00. Following the completion of the transaction, the executive vice president now owns 151,706 shares of the company’s stock, valued at approximately $10,740,784.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eric M. Kirsch sold 28,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $70.90, for a total value of $2,013,560.00. Following the transaction, the executive vice president now directly owns 35,721 shares of the company’s stock, valued at approximately $2,532,618.90. The disclosure for this sale can be found here. Insiders sold 52,500 shares of company stock valued at $3,715,467 in the last 90 days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Aflac

A number of institutional investors and hedge funds have recently modified their holdings of AFL. Gould Capital LLC raised its holdings in Aflac by 0.9% during the third quarter. Gould Capital LLC now owns 45,843 shares of the financial services provider’s stock valued at $2,576,000 after acquiring an additional 415 shares during the period. Toroso Investments LLC grew its position in Aflac by 11.2% in the third quarter. Toroso Investments LLC now owns 7,753 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 784 shares in the last quarter. IHT Wealth Management LLC purchased a new position in Aflac in the third quarter worth about $439,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Aflac by 16.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 4,851 shares of the financial services provider’s stock valued at $274,000 after buying an additional 679 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in shares of Aflac during the third quarter valued at approximately $3,086,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

Aflac Stock Up 0.0 %

AFL stock opened at $72.00 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $44.77 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 2.75 and a beta of 0.93. The business’s fifty day moving average price is $62.83 and its two-hundred day moving average price is $59.65. Aflac has a fifty-two week low of $52.07 and a fifty-two week high of $72.54.

Aflac (NYSE:AFLGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The financial services provider reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.07). The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.58 billion. Aflac had a return on equity of 12.53% and a net margin of 24.16%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 EPS. On average, equities analysts anticipate that Aflac will post 5.24 earnings per share for the current year.

Aflac Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.42 per share. This is a positive change from Aflac’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.33%. Aflac’s dividend payout ratio is presently 20.41%.

Aflac declared that its board has approved a share repurchase plan on Tuesday, November 8th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

About Aflac

(Get Rating)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, 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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Analyst Recommendations for Aflac (NYSE:AFL)

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