AFLAC (AFL) Gets a Sell from Barclays

In a report released today, Alex Scott from Barclays maintained a Sell rating on AFLAC, with a price target of $101.00.

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Scott covers the Financial sector, focusing on stocks such as Prudential Financial, Allstate, and Arthur J Gallagher & Co. According to TipRanks, Scott has an average return of 4.5% and a 47.04% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for AFLAC with a $113.50 average price target.

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 89 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 20,100.00 shares for a total of $2,215,024.06.