Aflac (NYSE:AFL) had its price objective boosted by analysts at Morgan Stanley from $61.00 to $63.00 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 16.75% from the company’s current price.
A number of other equities analysts have also issued reports on AFL. raised their price target on Aflac from $46.00 to $47.00 and gave the stock a “sell” rating in a report on Monday, June 21st. Zacks Investment Research raised Aflac from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Friday, June 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Aflac has a consensus rating of “Hold” and an average price target of $52.00.
AFL opened at $53.96 on Thursday. The business’s 50-day simple moving average is $54.97 and its 200-day simple moving average is $54.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.06 and a current ratio of 0.06. Aflac has a one year low of $33.37 and a one year high of $57.64. The stock has a market capitalization of $36.19 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01.
In other news, EVP Eric M. Kirsch sold 34,778 shares of the business’s stock in a transaction that occurred on Monday, August 23rd. The stock was sold at an average price of $57.02, for a total transaction of $1,983,041.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 30th. The shares were bought at an average price of $55.21 per share, with a total value of $55,210.00. Following the completion of the transaction, the director now directly owns 37,035 shares in the company, valued at $2,044,702.35. The disclosure for this purchase can be found here. Insiders have sold a total of 36,978 shares of company stock worth $2,108,556 in the last three months. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Aflac by 5.6% in the 2nd quarter. BlackRock Inc. now owns 47,236,620 shares of the financial services provider’s stock valued at $2,534,717,000 after acquiring an additional 2,524,018 shares during the last quarter. FMR LLC raised its holdings in Aflac by 23.2% in the 2nd quarter. FMR LLC now owns 13,078,141 shares of the financial services provider’s stock valued at $701,774,000 after acquiring an additional 2,466,836 shares during the last quarter. Geode Capital Management LLC raised its holdings in Aflac by 16.3% in the 2nd quarter. Geode Capital Management LLC now owns 12,004,727 shares of the financial services provider’s stock valued at $642,491,000 after acquiring an additional 1,685,100 shares during the last quarter. Northern Trust Corp raised its holdings in Aflac by 0.6% in the 2nd quarter. Northern Trust Corp now owns 8,128,941 shares of the financial services provider’s stock valued at $436,199,000 after acquiring an additional 48,441 shares during the last quarter. Finally, LSV Asset Management raised its holdings in Aflac by 5.3% in the 2nd quarter. LSV Asset Management now owns 6,920,526 shares of the financial services provider’s stock valued at $371,355,000 after acquiring an additional 345,304 shares during the last quarter. Institutional investors own 66.29% of the company’s stock.
Aflac Company Profile
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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