Shares of Aflac Incorporated (NYSE:AFL) have received a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $52.00.
AFL has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Aflac from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday. increased their price objective on shares of Aflac from $46.00 to $47.00 and gave the company a “sell” rating in a research note on Monday, June 21st. Finally, Zacks Investment Research raised shares of Aflac from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Friday, June 18th.
Shares of NYSE:AFL traded up $1.06 during trading on Thursday, hitting $55.02. 62,694 shares of the company were exchanged, compared to its average volume of 3,295,277. The stock has a market capitalization of $36.90 billion, a P/E ratio of 6.62, a PEG ratio of 1.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.06 and a quick ratio of 0.06. Aflac has a 12-month low of $33.37 and a 12-month high of $57.64. The firm’s 50 day moving average price is $54.97 and its 200-day moving average price is $54.48.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Wednesday, August 18th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Tuesday, August 17th. Aflac’s dividend payout ratio (DPR) is 26.61%.
In other news, Director Toshihiko Fukuzawa sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 17th. The shares were sold at an average price of $57.30, for a total transaction of $114,600.00. Following the completion of the sale, the director now owns 11,473 shares of the company’s stock, valued at $657,402.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karole Lloyd purchased 1,000 shares of the firm’s stock in a transaction dated Friday, July 30th. The shares were bought at an average cost of $55.21 per share, with a total value of $55,210.00. Following the transaction, the director now directly owns 37,035 shares of the company’s stock, valued at approximately $2,044,702.35. The disclosure for this purchase can be found here. Insiders sold 36,978 shares of company stock valued at $2,108,556 in the last ninety days. 1.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Butensky & Cohen Financial Security Inc. boosted its holdings in Aflac by 2.6% in the third quarter. Butensky & Cohen Financial Security Inc. now owns 69,873 shares of the financial services provider’s stock worth $3,642,000 after purchasing an additional 1,772 shares during the period. Surevest LLC boosted its holdings in Aflac by 5.8% in the third quarter. Surevest LLC now owns 90,107 shares of the financial services provider’s stock worth $4,697,000 after purchasing an additional 4,967 shares during the period. JGP Wealth Management LLC boosted its holdings in Aflac by 0.8% in the third quarter. JGP Wealth Management LLC now owns 116,022 shares of the financial services provider’s stock worth $6,048,000 after purchasing an additional 867 shares during the period. IFM Investors Pty Ltd boosted its holdings in Aflac by 6.0% in the third quarter. IFM Investors Pty Ltd now owns 101,786 shares of the financial services provider’s stock worth $5,306,000 after purchasing an additional 5,769 shares during the period. Finally, Capital Investment Advisors LLC boosted its holdings in Aflac by 5.8% in the third quarter. Capital Investment Advisors LLC now owns 26,860 shares of the financial services provider’s stock worth $1,400,000 after purchasing an additional 1,482 shares during the period. 66.29% of the stock is owned by hedge funds and other institutional investors.
Aflac, Inc is a holding company, which engages in the provision financial protection services. It operates through the Aflac Japan and Aflac United States (U.S.) segments. The Aflac Japan segment offers life insurance, death benefits, and cash surrender values. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.
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