Raymond James Has Upgraded Shares of Aflac (NYSE:AFL) Giving it a $100 Target Price per Share

January 23, 2018 - By Adrian Erickson

  Raymond James Has Upgraded Shares of Aflac (NYSE:AFL) Giving it a $100 Target Price per Share

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.08, from 0.97 in 2017Q2. It turned negative, as 44 investors sold Aflac Incorporated shares while 297 reduced holdings. 73 funds opened positions while 232 raised stakes. 250.65 million shares or 1.32% less from 254.01 million shares in 2017Q2 were reported.

Lockheed Martin Mgmt Communication stated it has 0.21% of its portfolio in Aflac Incorporated (NYSE:AFL). Finance Advantage owns 323 shares for 0.02% of their portfolio. Cornerstone Capital Management Hldg accumulated 0.16% or 256,880 shares. 297,825 are owned by Public Employees Retirement Of Ohio. Hightower Advisors Limited Liability Co invested in 0.03% or 48,929 shares. Sand Hill Glob Advsr Llc invested 0.03% in Aflac Incorporated (NYSE:AFL). M&R Cap Management reported 0.22% stake. Novare Capital Limited Liability Corporation invested in 0.83% or 57,989 shares. Guggenheim Ltd Liability Com holds 0.13% of its portfolio in Aflac Incorporated (NYSE:AFL) for 696,370 shares. Brown Advisory stated it has 0.03% of its portfolio in Aflac Incorporated (NYSE:AFL). Tokio Marine Asset Management Limited has invested 0.04% in Aflac Incorporated (NYSE:AFL). Argyle holds 0.19% or 6,010 shares. Axa invested in 25,989 shares or 0.01% of the stock. State Board Of Administration Of Florida Retirement holds 0.13% in Aflac Incorporated (NYSE:AFL) or 584,184 shares. Tnb holds 58,080 shares.

Since August 4, 2017, it had 0 insider purchases, and 6 selling transactions for $2.69 million activity. The insider TILLMAN AUDREY B sold 310 shares worth $25,907. On Friday, August 4 CLONINGER KRISS III sold $283,710 worth of Aflac Incorporated (NYSE:AFL) or 3,500 shares. Another trade for 1,279 shares valued at $107,132 was sold by HUDSON ELIZABETH J. JOHNSON DOUGLAS WAYNE also sold $125,363 worth of Aflac Incorporated (NYSE:AFL) on Tuesday, September 19.

Aflac (NYSE:AFL) Stock Upgrade

In analysts report revealed to investors on 22 January, Raymond James increased Aflac (NYSE:AFL) shares to respectable Strong Buy rating from a Outperform. They now have a $100 target on shares. and their target means a possible upside of 14.04 % over the last close price.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.08, from 0.97 in 2017Q2. It turned negative, as 44 investors sold Aflac Incorporated shares while 297 reduced holdings. 73 funds opened positions while 232 raised stakes. 250.65 million shares or 1.32% less from 254.01 million shares in 2017Q2 were reported.

Lockheed Martin Mgmt Communication stated it has 0.21% of its portfolio in Aflac Incorporated (NYSE:AFL). Finance Advantage owns 323 shares for 0.02% of their portfolio. Cornerstone Capital Management Hldg accumulated 0.16% or 256,880 shares. 297,825 are owned by Public Employees Retirement Of Ohio. Hightower Advisors Limited Liability Co invested in 0.03% or 48,929 shares. Sand Hill Glob Advsr Llc invested 0.03% in Aflac Incorporated (NYSE:AFL). M&R Cap Management reported 0.22% stake. Novare Capital Limited Liability Corporation invested in 0.83% or 57,989 shares. Guggenheim Ltd Liability Com holds 0.13% of its portfolio in Aflac Incorporated (NYSE:AFL) for 696,370 shares. Brown Advisory stated it has 0.03% of its portfolio in Aflac Incorporated (NYSE:AFL). Tokio Marine Asset Management Limited has invested 0.04% in Aflac Incorporated (NYSE:AFL). Argyle holds 0.19% or 6,010 shares. Axa invested in 25,989 shares or 0.01% of the stock. State Board Of Administration Of Florida Retirement holds 0.13% in Aflac Incorporated (NYSE:AFL) or 584,184 shares. Tnb holds 58,080 shares.

Since August 4, 2017, it had 0 insider purchases, and 6 selling transactions for $2.69 million activity. The insider TILLMAN AUDREY B sold 310 shares worth $25,907. On Friday, August 4 CLONINGER KRISS III sold $283,710 worth of Aflac Incorporated (NYSE:AFL) or 3,500 shares. Another trade for 1,279 shares valued at $107,132 was sold by HUDSON ELIZABETH J. JOHNSON DOUGLAS WAYNE also sold $125,363 worth of Aflac Incorporated (NYSE:AFL) on Tuesday, September 19.

Aflac Incorporated (NYSE:AFL) Ratings Coverage

Among 19 analysts covering Aflac Incorporated (NYSE:AFL), 3 have Buy rating, 4 Sell and 12 Hold. Therefore 16% are positive. Aflac Incorporated has $100.0 highest and $7 lowest target. $75.79’s average target is -13.57% below currents $87.69 stock price. Aflac Incorporated had 49 analyst reports since August 12, 2015 according to SRatingsIntel. Citigroup downgraded it to “Sell” rating and $77.0 target in Tuesday, September 26 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, August 11 report. On Friday, November 10 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. On Wednesday, August 19 the stock rating was downgraded by Bank of America to “Underperform”. The stock of Aflac Incorporated (NYSE:AFL) earned “Sell” rating by RBC Capital Markets on Monday, July 31. RBC Capital Markets maintained the shares of AFL in report on Tuesday, September 5 with “Sell” rating. The rating was upgraded by Macquarie Research on Thursday, April 14 to “Outperform”. The rating was maintained by RBC Capital Markets on Tuesday, February 2 with “Sector Perform”. The stock of Aflac Incorporated (NYSE:AFL) has “Equal Weight” rating given on Monday, July 3 by Barclays Capital. The stock of Aflac Incorporated (NYSE:AFL) earned “Buy” rating by Raymond James on Monday, January 22.

The stock increased 1.00% or $0.87 during the last trading session, reaching $87.69. About 2.39M shares traded or 25.14% up from the average. Aflac Incorporated (NYSE:AFL) has risen 7.68% since January 23, 2017 and is uptrending. It has underperformed by 9.02% the S&P500.

Analysts await Aflac Incorporated (NYSE:AFL) to report earnings on January, 30. They expect $1.55 EPS, up 0.65 % or $0.01 from last year’s $1.54 per share. AFL’s profit will be $609.38 million for 14.14 P/E if the $1.55 EPS becomes a reality. After $1.70 actual EPS reported by Aflac Incorporated for the previous quarter, Wall Street now forecasts -8.82 % negative EPS growth.

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. The company has market cap of $34.48 billion. It operates through two divisions, Aflac Japan and Aflac U.S. It has a 12.73 P/E ratio. The Aflac Japan segment offers various voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

More notable recent Aflac Incorporated (NYSE:AFL) news were published by: Prnewswire.com which released: “Statement from Aflac Incorporated regarding recent false allegations” on January 12, 2018, also Prnewswire.com with their article: “Aflac Incorporated Responds to Tax Reform with Plan for Additional Investments …” published on December 28, 2017, Seekingalpha.com published: “Aflac Falls 7% On Fraud Allegations: Why Now Is Not The Time To Buy” on January 16, 2018. More interesting news about Aflac Incorporated (NYSE:AFL) were released by: Benzinga.com and their article: “Recent Fraud News May Not Have Material Impact on Aflac; Raymond James Upgrades” published on January 22, 2018 as well as Prnewswire.com‘s news article titled: “Lifshitz & Miller LLP Announces Investigation of Advanced Micro Devices, Aflac …” with publication date: January 21, 2018.

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