ValuEngine lowered shares of AFLAC (NYSE:AFL) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Other equities research analysts have also issued reports about the stock. Janney Montgomery Scott reissued a buy rating on shares of AFLAC in a research note on Tuesday, January 16th. Wells Fargo set a $42.00 target price on shares of AFLAC and gave the stock a hold rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of AFLAC from a sell rating to a hold rating in a research note on Thursday, January 11th. UBS started coverage on shares of AFLAC in a research note on Friday, March 2nd. They set a neutral rating and a $49.00 target price on the stock. Finally, Raymond James Financial raised shares of AFLAC from an outperform rating to a strong-buy rating and increased their target price for the stock from $44.00 to $50.00 in a research note on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $42.90.

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Shares of AFLAC stock opened at $45.37 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.05 and a current ratio of 0.05. AFLAC has a 12 month low of $35.32 and a 12 month high of $45.88. The stock has a market cap of $34,837.66, a PE ratio of 8.24, a PEG ratio of 2.33 and a beta of 0.96.

AFLAC (NYSE:AFL) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. AFLAC had a net margin of 20.18% and a return on equity of 12.29%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. research analysts predict that AFLAC will post 3.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 21st were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Tuesday, February 20th. AFLAC’s dividend payout ratio is presently 18.89%.

In other AFLAC news, insider June P. Howard sold 2,648 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.33, for a total value of $239,193.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Masatoshi Koide sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $88.00, for a total transaction of $550,000.00. Following the completion of the transaction, the chief operating officer now directly owns 25,037 shares in the company, valued at $2,203,256. The disclosure for this sale can be found here. Insiders sold a total of 40,131 shares of company stock worth $3,581,918 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC purchased a new position in AFLAC in the 4th quarter worth approximately $101,000. Omnia Family Wealth LLC lifted its stake in AFLAC by 261.9% in the 4th quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 901 shares in the last quarter. Advisors Preferred LLC purchased a new position in AFLAC in the 4th quarter worth approximately $121,000. San Francisco Sentry Investment Group CA lifted its stake in AFLAC by 4,338.7% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,345 shares in the last quarter. Finally, Legacy Advisors LLC lifted its stake in AFLAC by 921.5% in the 4th quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 1,327 shares in the last quarter. 68.72% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AFLAC (NYSE:AFL)

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