Brokerages Set Aflac Incorporated (AFL) Target Price at $77.15

Shares of Aflac Incorporated (NYSE:AFL) have earned an average recommendation of “Hold” from the sixteen brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $75.50.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Friday, June 2nd. FBR & Co reaffirmed a “market perform” rating and set a $80.00 price target (up from $68.00) on shares of Aflac in a research note on Wednesday, July 12th. UBS AG reaffirmed an “overweight” rating on shares of Aflac in a research note on Thursday, August 24th. Barclays PLC raised their price target on shares of Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Monday, July 3rd. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and set a $66.00 price target on shares of Aflac in a research note on Wednesday, July 12th.

Aflac (NYSE AFL) traded up 0.33% during mid-day trading on Friday, reaching $83.92. 1,524,081 shares of the company’s stock were exchanged. Aflac has a 52-week low of $66.50 and a 52-week high of $84.24. The company has a market cap of $33.17 billion, a PE ratio of 12.69 and a beta of 0.97. The stock has a 50-day moving average price of $81.36 and a 200 day moving average price of $76.68.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.20. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Aflac had a net margin of 11.98% and a return on equity of 13.09%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $1.65 EPS. Equities analysts predict that Aflac will post $6.69 earnings per share for the current fiscal year.

Aflac declared that its board has authorized a stock repurchase plan on Tuesday, August 8th that permits the company to repurchase 40,000,000 shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 23rd were paid a $0.43 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.72 annualized dividend and a dividend yield of 2.05%. Aflac’s dividend payout ratio is presently 25.94%.

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In other Aflac news, insider Teresa L. White sold 11,314 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $78.01, for a total transaction of $882,605.14. Following the completion of the sale, the insider now owns 26,847 shares of the company’s stock, valued at approximately $2,094,334.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Kriss Cloninger III sold 3,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.06, for a total value of $283,710.00. Following the sale, the president now directly owns 253,196 shares of the company’s stock, valued at approximately $20,524,067.76. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB lifted its holdings in Aflac by 2.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 86,721 shares of the financial services provider’s stock valued at $6,280,000 after purchasing an additional 2,237 shares during the last quarter. Keybank National Association OH lifted its holdings in Aflac by 242.1% during the 2nd quarter. Keybank National Association OH now owns 128,219 shares of the financial services provider’s stock valued at $9,960,000 after purchasing an additional 90,741 shares during the last quarter. Trust Co. of Vermont lifted its holdings in Aflac by 0.5% during the 1st quarter. Trust Co. of Vermont now owns 18,551 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 92 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Aflac by 27.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,777 shares of the financial services provider’s stock valued at $2,156,000 after purchasing an additional 6,383 shares during the last quarter. Finally, New Amsterdam Partners LLC NY acquired a new stake in Aflac during the 2nd quarter valued at $531,000. 65.63% of the stock is owned by institutional investors and hedge funds.

Aflac Company Profile

Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

Analyst Recommendations for Aflac (NYSE:AFL)

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