AFLAC Incorporated (NYSE:AFL) – Langen Mcalenn increased their Q1 2018 earnings estimates for shares of AFLAC in a report released on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the financial services provider will post earnings of $1.88 per share for the quarter, up from their previous estimate of $1.66. Langen Mcalenn also issued estimates for AFLAC’s Q2 2018 earnings at $1.95 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $1.87 EPS and FY2018 earnings at $7.65 EPS.
A number of other brokerages have also commented on AFL. Zacks Investment Research lowered shares of AFLAC from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Janney Montgomery Scott reiterated a “buy” rating on shares of AFLAC in a report on Tuesday. Wells Fargo & Co reiterated a “market perform” rating and issued a $90.00 price objective (up previously from $84.00) on shares of AFLAC in a report on Tuesday, January 9th. ValuEngine upgraded shares of AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Royal Bank of Canada reiterated a “sell” rating and issued a $71.00 price objective on shares of AFLAC in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $80.29.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. AFLAC had a net margin of 12.49% and a return on equity of 12.87%. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the business posted $1.74 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year.
Several large investors have recently made changes to their positions in AFL. Systematic Financial Management LP bought a new stake in shares of AFLAC during the 2nd quarter valued at about $999,000. AXA grew its position in shares of AFLAC by 152.7% during the 2nd quarter. AXA now owns 21,844 shares of the financial services provider’s stock valued at $1,696,000 after buying an additional 13,200 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of AFLAC by 1.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 48,371 shares of the financial services provider’s stock valued at $3,757,000 after buying an additional 468 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of AFLAC by 2.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,726,069 shares of the financial services provider’s stock valued at $134,081,000 after buying an additional 45,028 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of AFLAC by 49.5% during the 2nd quarter. D.A. Davidson & CO. now owns 28,525 shares of the financial services provider’s stock valued at $2,215,000 after buying an additional 9,447 shares during the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.
In other news, COO Masatoshi Koide sold 6,250 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $88.00, for a total value of $550,000.00. Following the completion of the sale, the chief operating officer now owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Audrey B. Tillman sold 310 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.57, for a total transaction of $25,906.70. Following the completion of the sale, the insider now directly owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. Insiders sold a total of 22,657 shares of company stock valued at $1,988,685 in the last three months. Insiders own 3.00% of the company’s stock.
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.
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