Barclays Boosts Aflac (NYSE:AFL) Price Target to $98.00

Aflac (NYSE:AFL) had its price objective boosted by research analysts at Barclays from $96.00 to $98.00 in a report released on Monday,Benzinga reports. The firm currently has an “underweight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential downside of 4.57% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Truist Financial upped their price target on Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their price target on shares of Aflac to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Piper Sandler raised their target price on shares of Aflac from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen assumed coverage on Aflac in a report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price target for the company. Finally, Evercore ISI reduced their target price on Aflac from $104.00 to $102.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $99.13.

Aflac Trading Up 0.9 %

NYSE AFL opened at $102.69 on Monday. The firm’s fifty day moving average price is $106.86 and its 200 day moving average price is $104.66. The company has a market capitalization of $57.05 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00. Aflac has a 12 month low of $75.07 and a 12 month high of $115.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08.

Aflac (NYSE:AFL) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.47. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The firm’s quarterly revenue was down 40.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. On average, sell-side analysts expect that Aflac will post 7.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Aflac

In related news, EVP Audrey B. Tillman sold 24,744 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the completion of the transaction, the executive vice president now owns 222,618 shares in the company, valued at $23,018,701.20. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aflac

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. TD Asset Management Inc raised its holdings in shares of Aflac by 2.1% during the second quarter. TD Asset Management Inc now owns 188,370 shares of the financial services provider’s stock valued at $16,823,000 after acquiring an additional 3,861 shares during the period. Private Advisor Group LLC boosted its position in shares of Aflac by 11.5% in the second quarter. Private Advisor Group LLC now owns 18,037 shares of the financial services provider’s stock worth $1,611,000 after buying an additional 1,862 shares during the period. Candriam S.C.A. grew its stake in Aflac by 5.3% during the 2nd quarter. Candriam S.C.A. now owns 35,415 shares of the financial services provider’s stock valued at $3,163,000 after acquiring an additional 1,772 shares in the last quarter. Savant Capital LLC lifted its position in shares of Aflac by 28.8% in the second quarter. Savant Capital LLC now owns 11,842 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 2,647 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its position in Aflac by 7,001.0% during the second quarter. Strategic Financial Concepts LLC now owns 667,706 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 658,303 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Aflac Company Profile

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.