Brokerages Set Aflac Incorporated (NYSE:AFL) PT at $116.17

Aflac Incorporated (NYSE:AFL) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $116.1667.

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Aflac from $115.00 to $120.00 and gave the company a “market perform” rating in a research report on Monday, July 13th. Wells Fargo & Company boosted their target price on shares of Aflac from $111.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Mizuho set a $112.00 price target on shares of Aflac in a report on Thursday, July 9th. Finally, TD Cowen reiterated a “hold” rating and set a $110.00 price objective (up from $101.00) on shares of Aflac in a research note on Wednesday, July 22nd.

Insider Activity

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.12, for a total value of $7,441,560.00. Following the completion of the transaction, the insider owned 51,169,435 shares in the company, valued at $6,044,133,662.20. This trade represents a 0.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 744,673 shares of company stock valued at $87,090,808. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bridgewater Advisors Inc. acquired a new stake in shares of Aflac during the second quarter worth about $456,000. BIP Wealth LLC acquired a new position in Aflac in the 2nd quarter worth approximately $6,043,000. Bryn Mawr Trust Advisors LLC acquired a new position in Aflac in the 2nd quarter worth approximately $575,000. Plan Group Financial LLC purchased a new position in Aflac during the 2nd quarter worth approximately $312,000. Finally, Laraway Financial Advisors Inc purchased a new position in Aflac during the 2nd quarter worth approximately $399,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Aflac Price Performance

Shares of NYSE AFL opened at $125.41 on Thursday. Aflac has a fifty-two week low of $97.47 and a fifty-two week high of $130.22. The company has a market cap of $63.83 billion, a PE ratio of 14.24, a P/E/G ratio of 1.93 and a beta of 0.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11. The business has a 50-day simple moving average of $120.20 and a two-hundred day simple moving average of $115.19.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.