Mizuho Securities Keeps Their Sell Rating on AFLAC (AFL)

Mizuho Securities analyst Yaron Kinar maintained a Sell rating on AFLAC today and set a price target of $102.00.

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According to TipRanks, Kinar is a 5-star analyst with an average return of 10.9% and a 65.37% success rate. Kinar covers the Financial sector, focusing on stocks such as Aon, Brown & Brown, and Renaissancere Holdings.

In addition to Mizuho Securities, AFLAC also received a Sell from Barclays’s Alex Scott in a report issued on April 8. However, on April 10, KBW maintained 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 92 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 166,000.00 shares for a total of $18,655,547.76.