ValuEngine downgraded shares of AFLAC (NYSE:AFL) from a buy rating to a hold rating in a report issued on Monday.
A number of other research analysts have also recently commented on AFL. Janney Montgomery Scott reissued a buy rating on shares of AFLAC in a report on Tuesday, January 16th. Wells Fargo set a $42.00 price target on AFLAC and gave the stock a hold rating in a report on Friday, December 1st. UBS assumed coverage on AFLAC in a report on Friday, March 2nd. They issued a neutral rating and a $49.00 price target on the stock. Zacks Investment Research raised AFLAC from a sell rating to a hold rating in a report on Thursday, January 11th. Finally, Citigroup raised AFLAC to a strong-buy rating and boosted their price target for the stock from $44.00 to $50.00 in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $42.90.
AFLAC stock opened at $44.37 on Monday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22. AFLAC has a twelve month low of $35.53 and a twelve month high of $45.88. The company has a market capitalization of $35,406.60, a P/E ratio of 8.06, a P/E/G ratio of 2.37 and a beta of 0.96.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders 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 2.34%. The ex-dividend date of this dividend was Tuesday, February 20th. AFLAC’s payout ratio is 18.89%.
In other AFLAC news, insider June P. Howard sold 2,648 shares of AFLAC stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.33, for a total value of $239,193.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Daniel P. Amos sold 24,983 shares of AFLAC stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.77, for a total value of $2,242,723.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,131 shares of company stock worth $3,581,918. Corporate insiders own 3.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC bought a new position in shares of AFLAC during the 4th quarter valued at approximately $101,000. Omnia Family Wealth LLC increased its position in shares of AFLAC by 261.9% during the 4th quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 901 shares during the last quarter. San Francisco Sentry Investment Group CA increased its position in shares of AFLAC by 4,338.7% during the 3rd 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 during the last quarter. Advisors Preferred LLC bought a new position in shares of AFLAC during the 4th quarter valued at approximately $121,000. Finally, Legacy Advisors LLC increased its position in shares of AFLAC by 921.5% during the 4th quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 1,327 shares during the last quarter. 68.72% of the stock is currently 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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