AFLAC (NYSE:AFL) PT Raised to $53.00 at Morgan Stanley
AFLAC (NYSE:AFL) had its price objective lifted by Morgan Stanley from $51.00 to $53.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. They currently have an equal weight rating on the financial services provider’s stock.
Other equities research analysts have also issued research reports about the stock. UBS Group upped their target price on shares of Spotify Technology from $180.00 to $182.00 and gave the stock a buy rating in a report on Tuesday, April 30th. Zacks Investment Research lowered shares of German American Bancorp. from a buy rating to a hold rating in a report on Tuesday, April 30th. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Raymond James set a C$80.00 target price on shares of West Fraser Timber and gave the stock a strong-buy rating in a report on Tuesday, June 18th. Finally, Barclays set a $34.00 target price on shares of DCP Midstream and gave the stock a hold rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $51.27.
Shares of AFLAC stock opened at $56.89 on Wednesday. The company has a market cap of $42.01 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 3.82 and a beta of 0.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a fifty day simple moving average of $54.45. AFLAC has a 52-week low of $41.45 and a 52-week high of $57.08.
In related news, insider Teresa L. White sold 57,124 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $50.39, for a total transaction of $2,878,478.36. Following the transaction, the insider now owns 76,378 shares in the company, valued at approximately $3,848,687.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Toshihiko Fukuzawa sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $51.00, for a total transaction of $76,500.00. Following the transaction, the director now owns 12,816 shares in the company, valued at approximately $653,616. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,324 shares of company stock worth $7,635,840. 1.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in AFL. Meridian Wealth Management LLC bought a new position in shares of AFLAC during the 1st quarter worth approximately $60,000. Hancock Whitney Corp acquired a new stake in AFLAC during the 4th quarter valued at $1,687,000. Norges Bank acquired a new stake in AFLAC during the 4th quarter valued at $260,062,000. Victory Capital Management Inc. lifted its holdings in AFLAC by 12.6% during the 1st quarter. Victory Capital Management Inc. now owns 6,235,323 shares of the financial services provider’s stock valued at $311,766,000 after purchasing an additional 696,326 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in AFLAC by 0.9% during the 4th quarter. Brown Advisory Inc. now owns 347,517 shares of the financial services provider’s stock valued at $15,833,000 after purchasing an additional 2,985 shares during the last quarter. Institutional investors own 66.69% of the company’s stock.
AFLAC Company Profile
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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