Aflac Incorporated (NYSE:AFL) Receives $116.62 Consensus Target Price from Analysts

Shares of Aflac Incorporated (NYSE:AFLGet Free Report) have been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $116.6154.

A number of analysts have recently weighed in on AFL shares. Piper Sandler restated an “overweight” rating and issued a $138.00 price objective (up from $130.00) on shares of Aflac in a research note on Monday, August 10th. Barclays reissued an “underweight” rating and issued a $99.00 price target (up from $98.00) on shares of Aflac in a report on Friday, August 7th. Morgan Stanley lifted their price objective on Aflac from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Mizuho set a $116.00 target price on shares of Aflac in a research note on Monday, August 10th. Finally, TD Cowen reiterated a “hold” rating and issued a $110.00 price objective (up from $101.00) on shares of Aflac in a research note on Wednesday, July 22nd.

Read Our Latest Stock Analysis on AFL

Insider Activity at Aflac

In other Aflac news, Director Joseph L. Moskowitz sold 600 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $124.10, for a total transaction of $74,460.00. Following the transaction, the director directly owned 32,710 shares in the company, valued at approximately $4,059,311. This represents a 1.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Post Holdings Co. Ltd. Japan sold 13,500 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $118.02, for a total transaction of $1,593,270.00. Following the completion of the transaction, the insider owned 50,778,290 shares in the company, valued at $5,992,853,785.80. This represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 498,625 shares of company stock worth $58,523,683 over the last three months. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Aflac

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC acquired a new position in shares of Aflac in the 1st quarter valued at approximately $25,000. Groupe la Francaise acquired a new stake in shares of Aflac in the 1st quarter valued at about $25,000. Quarry LP bought a new stake in Aflac in the 4th quarter valued at approximately $25,000. Archer Investment Corp acquired a new position in Aflac during the second quarter worth $26,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Aflac during the second quarter worth $27,000. Institutional investors own 67.44% of the company’s stock.

Aflac Stock Performance

AFL stock opened at $117.53 on Monday. The firm has a 50 day simple moving average of $121.58 and a 200 day simple moving average of $116.21. The stock has a market cap of $58.92 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.87 and a beta of 0.60. Aflac has a 52 week low of $104.66 and a 52 week high of $130.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12.

Aflac (NYSE:AFLGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.01). The firm had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. Aflac had a net margin of 26.91% and a return on equity of 13.27%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 EPS. Research analysts anticipate that Aflac will post 7.04 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th will be given a dividend of $0.61 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.44 annualized dividend and a yield of 2.1%. Aflac’s dividend payout ratio is 26.15%.

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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Analyst Recommendations for Aflac (NYSE:AFL)

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