AFLAC Incorporated (NYSE:AFL) – Analysts at B. Riley issued their Q4 2017 EPS estimates for shares of AFLAC in a research report issued to clients and investors on Monday. B. Riley analyst R. Binner forecasts that the financial services provider will post earnings of $1.54 per share for the quarter. B. Riley currently has a “Neutral” rating on the stock.
A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company set a $84.00 price target on AFLAC and gave the stock a “hold” rating in a research note on Friday, December 1st. Goldman Sachs Group began coverage on AFLAC in a research note on Wednesday, October 18th. They set a “neutral” rating and a $88.00 price target for the company. Royal Bank Of Canada reissued a “sell” rating and issued a $71.00 price objective on shares of AFLAC in a research note on Tuesday, October 10th. Citigroup downgraded AFLAC from a “neutral” rating to a “sell” rating and cut their price objective for the company from $82.00 to $77.00 in a research note on Tuesday, September 26th. Finally, Zacks Investment Research downgraded AFLAC from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. AFLAC presently has a consensus rating of “Hold” and an average price target of $79.79.
Shares of AFLAC (NYSE AFL) opened at $87.61 on Wednesday. AFLAC has a one year low of $66.50 and a one year high of $88.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $34,534.26, a PE ratio of 13.03, a PEG ratio of 2.60 and a beta of 1.02.
AFLAC (NYSE:AFL) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.07. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company posted $1.74 EPS. The business’s quarterly revenue was down 3.7% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in AFL. AJO LP boosted its stake in AFLAC by 157.8% in the 2nd quarter. AJO LP now owns 3,483,353 shares of the financial services provider’s stock valued at $270,587,000 after buying an additional 2,132,414 shares in the last quarter. Balyasny Asset Management LLC raised its position in AFLAC by 1,351.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,311,615 shares of the financial services provider’s stock valued at $101,886,000 after purchasing an additional 1,221,231 shares during the last quarter. Canada Pension Plan Investment Board raised its position in AFLAC by 392.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,303,597 shares of the financial services provider’s stock valued at $106,100,000 after purchasing an additional 1,038,628 shares during the last quarter. Ameriprise Financial Inc. raised its position in AFLAC by 244.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,443,723 shares of the financial services provider’s stock valued at $117,491,000 after purchasing an additional 1,024,456 shares during the last quarter. Finally, Coho Partners Ltd. raised its position in shares of AFLAC by 85.3% during the second quarter. Coho Partners Ltd. now owns 2,186,934 shares of the financial services provider’s stock worth $169,881,000 after acquiring an additional 1,006,477 shares during the last quarter. 65.42% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider James Todd Daniels sold 620 shares of AFLAC stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $81.49, for a total transaction of $50,523.80. Following the sale, the insider now owns 15,454 shares of the company’s stock, valued at approximately $1,259,346.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Wayne Johnson sold 1,500 shares of AFLAC stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $83.58, for a total value of $125,370.00. Following the sale, the director now directly owns 13,733 shares in the company, valued at approximately $1,147,804.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,766 shares of company stock worth $2,936,060. Company insiders own 3.00% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a $0.45 dividend. This is an increase from AFLAC’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, November 14th. AFLAC’s payout ratio is currently 26.09%.
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.
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