KBW Sticks to Their Hold Rating for AFLAC (AFL)
In a report released today, Ryan Krueger from KBW maintained a Hold rating on AFLAC, with a price target of $115.00.
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Krueger covers the Financial sector, focusing on stocks such as AFLAC, Equitable Holdings, and Voya Financial. According to TipRanks, Krueger has an average return of 11.4% and a 70.62% success rate on recommended stocks.
Currently, the analyst consensus on AFLAC is a Hold with an average price target of $114.00.
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 93 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. Last month, Japan Post Holdings Co., Ltd., a Major Shareholder at AFL sold 86,155.00 shares for a total of $9,756,507.39.
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