Bank of America Securities Keeps Their Buy Rating on AFLAC (AFL)
Bank of America Securities analyst Joshua Shanker maintained a Buy rating on AFLAC today and set a price target of $120.00.
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According to TipRanks, Shanker is a 5-star analyst with an average return of 8.0% and a 60.48% success rate. Shanker covers the Financial sector, focusing on stocks such as Progressive, American International Group, and Brown & Brown.
In addition to Bank of America Securities, AFLAC also received a Buy from TipRanks – Google’s Google Insurance – Life in a report issued yesterday. However, on January 8, Barclays maintained a Hold rating on AFLAC (NYSE: AFL).
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 64 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, STEVEN KENT BEAVER, the EVP, CFO Aflac Japan of AFL sold 5,492.00 shares for a total of $601,483.84.
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- Aflac price target lowered to $101 from $104 at Barclays
- Aflac price target lowered to $120 from $127 at BofA
- Aflac price target raised to $105 from $101 at JPMorgan
- AFLAC: Sector Tailwinds but Fully Valued, Supporting a Balanced Hold Recommendation
- Aflac price target raised to $119 from $110 at Raymond James
