Shares of Aflac Incorporated (NYSE:AFL – Get Free Report) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $116.1667.
Several brokerages have issued reports on AFL. Mizuho set a $112.00 price objective on shares of Aflac in a research report on Thursday, July 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $108.00 target price (up from $100.00) on shares of Aflac in a research report on Friday, July 10th. Barclays dropped their price target on Aflac from $99.00 to $98.00 and set an “underweight” rating for the company in a report on Tuesday, July 7th. Wall Street Zen upgraded Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. upped their price objective on Aflac from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st.
Get Our Latest Analysis on Aflac
Aflac Stock Down 0.7%
Insiders Place Their Bets
In other news, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $116.71, for a total value of $3,249,789.95. Following the completion of the sale, the insider owned 50,898,490 shares of the company’s stock, valued at approximately $5,940,362,767.90. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph L. Moskowitz sold 12,370 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $116.54, for a total transaction of $1,441,599.80. Following the completion of the transaction, the director owned 33,310 shares in the company, valued at $3,881,947.40. This trade represents a 27.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 744,916 shares of company stock valued at $87,118,632 in the last three months. Insiders own 0.80% of the company’s stock.
Institutional Trading of Aflac
Institutional investors and hedge funds have recently modified their holdings of the business. Whipplewood Advisors LLC acquired a new position in Aflac during the first quarter worth about $25,000. Groupe la Francaise acquired a new stake in shares of Aflac in the 1st quarter valued at approximately $25,000. Quarry LP bought a new stake in shares of Aflac during the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Aflac during the 4th quarter valued at approximately $29,000. Finally, Evergreen Advisors LLC acquired a new position in Aflac during the 1st quarter worth approximately $29,000. 67.44% of the stock is currently owned by institutional investors.
About Aflac
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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