Aflac (NYSE:AFL) Earns Hold Rating from Analysts at TD Cowen

Investment analysts at TD Cowen began coverage on shares of Aflac (NYSE:AFL) in a research note issued on Wednesday, Briefing.com reports. The brokerage set a “hold” rating and a $102.00 price target on the financial services provider’s stock. TD Cowen’s price objective suggests a potential downside of 9.31% from the company’s previous close.

A number of other equities analysts have also commented on the company. Wells Fargo & Company lifted their price objective on Aflac from $81.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Jefferies Financial Group reduced their price objective on shares of Aflac from $84.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Piper Sandler increased their price objective on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Citigroup boosted their target price on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price target on Aflac from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $95.87.

Aflac Trading Up 0.6 %

Shares of NYSE AFL opened at $112.47 on Wednesday. The firm has a 50 day moving average price of $106.77 and a two-hundred day moving average price of $94.19. The stock has a market cap of $63.91 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95. Aflac has a 52-week low of $75.07 and a 52-week high of $115.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.23. The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.10 billion. Aflac had a return on equity of 16.22% and a net margin of 28.35%. Aflac’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 earnings per share. As a group, equities analysts forecast that Aflac will post 6.75 EPS for the current year.

Insider Transactions at Aflac

In other Aflac news, Director Thomas J. Kenny sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $98.94, for a total value of $197,880.00. Following the completion of the sale, the director now directly owns 18,158 shares of the company’s stock, valued at approximately $1,796,552.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aflac

Several large investors have recently made changes to their positions in the business. Wedmont Private Capital grew its stake in shares of Aflac by 5.3% during the 3rd quarter. Wedmont Private Capital now owns 7,000 shares of the financial services provider’s stock worth $783,000 after acquiring an additional 350 shares during the period. True North Advisors LLC grew its position in shares of Aflac by 19.9% in the third quarter. True North Advisors LLC now owns 4,826 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 802 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of Aflac by 22.1% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 8,839 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 1,601 shares during the period. City Holding Co. lifted its holdings in Aflac by 3.9% during the 3rd quarter. City Holding Co. now owns 52,649 shares of the financial services provider’s stock worth $5,886,000 after purchasing an additional 1,987 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its position in shares of Aflac by 8.5% during the third quarter. Atomi Financial Group Inc. now owns 12,489 shares of the financial services provider’s stock valued at $1,396,000 after buying an additional 983 shares during the period. 67.44% of the stock is owned by hedge funds and other institutional investors.

About Aflac

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.