AFLAC (AFL) Upgraded to “Strong-Buy” by ValuEngine
ValuEngine upgraded shares of AFLAC (NYSE:AFL) from a buy rating to a strong-buy rating in a report released on Sunday morning.
AFL has been the subject of several other reports. Citigroup cut AFLAC from a neutral rating to a sell rating and lowered their target price for the company from $82.00 to $77.00 in a research note on Tuesday, September 26th. Zacks Investment Research cut AFLAC from a buy rating to a hold rating in a research note on Monday, September 25th. Bank of America cut AFLAC from a neutral rating to an underperform rating in a research note on Friday, September 8th. Wells Fargo & Co set a $84.00 target price on AFLAC and gave the company a hold rating in a research note on Friday, December 1st. Finally, Goldman Sachs Group initiated coverage on AFLAC in a research note on Wednesday, October 18th. They issued a neutral rating and a $88.00 target price for the company. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $79.79.
AFLAC (NYSE:AFL) opened at $88.23 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.07 and a quick ratio of 0.07. AFLAC has a 52-week low of $66.50 and a 52-week high of $89.81. The stock has a market capitalization of $34,690.00, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.07. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. The firm had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the company posted $1.74 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. equities research analysts expect that AFLAC will post 6.76 earnings per share for the current year.
In other AFLAC news, COO Masatoshi Koide sold 6,250 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $88.00, for a total value of $550,000.00. Following the completion of the transaction, the chief operating officer now directly owns 25,037 shares of the company’s stock, valued at $2,203,256. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Audrey B. Tillman sold 310 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.57, for a total value of $25,906.70. Following the completion of the transaction, the insider now directly owns 41,937 shares of the company’s stock, valued at $3,504,675.09. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,657 shares of company stock valued at $1,988,685. 3.00% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA lifted its holdings in shares of AFLAC by 4,338.7% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,345 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in shares of AFLAC by 12.0% in the second quarter. Harfst & Associates Inc. now owns 1,994 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 214 shares in the last quarter. Ifrah Financial Services Inc. bought a new stake in shares of AFLAC in the third quarter valued at about $200,000. Lowe Brockenbrough & Co. Inc. bought a new stake in shares of AFLAC in the third quarter valued at about $204,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of AFLAC in the third quarter valued at about $206,000. 65.63% of the stock is owned by hedge funds and other institutional investors.
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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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