Piper Sandler Sticks to Their Buy Rating for AFLAC (AFL)
In a report released today, John Barnidge from Piper Sandler maintained a Buy rating on AFLAC, with a price target of $130.00.
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According to TipRanks, Barnidge is a 4-star analyst with an average return of 6.5% and a 55.97% success rate. Barnidge covers the Financial sector, focusing on stocks such as Principal Financial, Prudential Financial, and Globe Life.
In addition to Piper Sandler, AFLAC also received a Buy from Raymond James’s Wilma Burdis in a report issued on March 19. However, on March 26, KBW initiated coverage with a Hold rating on AFLAC (NYSE: AFL).
Based on AFLAC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.9 billion and a net profit of $1.38 billion. In comparison, last year the company earned a revenue of $5.5 billion and had a net profit of $1.9 billion
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AFL in relation to earlier this year. Earlier this month, Japan Post Holdings Co., Ltd., a Major Shareholder at AFL sold 14,700.00 shares for a total of $1,590,988.99.
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