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 $125.00.

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According to TipRanks, Barnidge is a 5-star analyst with an average return of 9.8% and a 63.09% success rate. Barnidge covers the Financial sector, focusing on stocks such as Apollo Global Management, Globe Life, and KKR & Co.

Currently, the analyst consensus on AFLAC is a Hold with an average price target of $111.45.

Based on AFLAC’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.79 billion and a net profit of $1.64 billion. In comparison, last year the company earned a revenue of $3.04 billion and had a GAAP net loss of $93 million

Based on the recent corporate insider activity of 67 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, STEVEN KENT BEAVER, the EVP, CFO Aflac Japan of AFL sold 5,492.00 shares for a total of $601,483.84.