Morgan Stanley Sticks to Its Hold Rating for AFLAC (AFL)
In a report released today, Bob Huang from Morgan Stanley maintained a Hold rating on AFLAC, with a price target of $120.00.
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According to TipRanks, Huang is an analyst with an average return of -4.9% and a 51.61% success rate. Huang covers the Financial sector, focusing on stocks such as Progressive, Allstate, and Arch Capital Group.
AFLAC has an analyst consensus of Hold, with a price target consensus of $111.00.
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 65 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, Max Broden, the Sr. EVP, CFO of AFL sold 13,000.00 shares for a total of $1,529,580.00.
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