In today’s session AFLAC Incorporated (AFL) registered an unusually high (603) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious AFL increase. With 603 contracts traded and 8644 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: AFL170217C00070000 closed last at: $4.15 or 4.6% down. About 316,622 shares traded hands. AFLAC Incorporated (NYSE:AFL) has risen 16.43% since March 2, 2016 and is uptrending. It has outperformed by 8.17% the S&P500.
Analysts await AFLAC Incorporated (NYSE:AFL) to report earnings on October, 25. They expect $1.75 earnings per share, up 12.18% or $0.19 from last year’s $1.56 per share. AFL’s profit will be $716.10 million for 10.25 P/E if the $1.75 EPS becomes a reality. After $1.71 actual earnings per share reported by AFLAC Incorporated for the previous quarter, Wall Street now forecasts 2.34% EPS growth.
AFLAC Incorporated (NYSE:AFL) Ratings Coverage
Out of 15 analysts covering Aflac Incorporated (NYSE:AFL), 3 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 20% are positive. $71 is the highest target while $63 is the lowest. The $67.36 average target is -6.12% below today’s ($71.75) stock price. Aflac Incorporated has been the topic of 22 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America on Wednesday, August 19 to “Underperform”. The rating was upgraded by Citigroup on Thursday, September 10 to “Buy”. Sandler O’Neill downgraded the shares of AFL in a report on Monday, May 23 to “Hold” rating. On Monday, October 12 the stock rating was maintained by Keefe Bruyette & Woods with “”. FBR Capital downgraded it to “Market Perform” rating and $68 target price in Tuesday, May 10 report. As per Friday, December 11, the company rating was reinitiated by Sandler O’Neill. The stock of AFLAC Incorporated (NYSE:AFL) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, February 2. Keefe Bruyette & Woods downgraded the shares of AFL in a report on Friday, May 20 to “Mkt Perform” rating. The rating was initiated by Wells Fargo on Friday, September 23 with “Market Perform”. The firm has “Buy” rating given on Thursday, February 4 by Citigroup.
According to Zacks Investment Research, “AFLAC Inc. is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. Its primary business is supplemental health and life insurance, which is marketed and administered primarily through its subsidiary, American Family Life Assurance Company of Columbus.”
Insitutional Activity: The institutional sentiment is 0.96 in Q2 2016. Its the same as in 2016Q1. The ratio is the same, as 50 funds sold all AFLAC Incorporated shares owned while 292 reduced positions. only 80 funds bought stakes while 248 increased positions. They now own 251.49 million shares or 1.29% less from 254.79 million shares in 2016Q1.
Farmers Merchants Invs holds 76,701 shares or 0.62% of its portfolio. Cadence Cap Mgmt Limited accumulated 0.33% or 60,259 shares. The New Mexico-based New Mexico Educational Retirement Board has invested 0.16% in AFLAC Incorporated (NYSE:AFL). Moreover, Pathstone Family Office Lc has 0.01% invested in AFLAC Incorporated (NYSE:AFL) for 200 shares. Moreno Evelyn V last reported 0.86% of its portfolio in the stock. The Pennsylvania-based Roffman Miller Associates Pa has invested 2.21% in AFLAC Incorporated (NYSE:AFL). Moreover, Retail Bank has 0.27% invested in AFLAC Incorporated (NYSE:AFL) for 26,611 shares. The Japan-based Mitsubishi Ufj Securities Holding Limited has invested 0.19% in AFLAC Incorporated (NYSE:AFL). Chevy Chase Tru Hldg holds 0.14% of its portfolio in AFLAC Incorporated (NYSE:AFL) for 354,876 shares. Buckhead Cap Ltd Limited Liability Company holds 0.06% or 4,202 shares in its portfolio. The Japan-based Meiji Yasuda Asset Comm Limited has invested 0.13% in AFLAC Incorporated (NYSE:AFL). Adirondack has invested 0.06% of its portfolio in AFLAC Incorporated (NYSE:AFL). Cap Wealth Planning Lc accumulated 35,600 shares or 1.95% of the stock. Fort Washington Investment Incorporated Oh has invested 0.09% of its portfolio in AFLAC Incorporated (NYSE:AFL). Brandywine Invest Mngmt Ltd Limited Liability Company accumulated 387,356 shares or 0.19% of the stock.
Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 13 sales for $11.70 million net activity. The insider TILLMAN AUDREY B sold 18,856 shares worth $1.39M. 171 shares with value of $11,936 were sold by WHITE TERESA L on Monday, June 6. ARIYOSHI KOJI had sold 3,886 shares worth $284,455 on Tuesday, August 9. 17,791 AFLAC Incorporated (NYSE:AFL) shares with value of $1.22M were sold by LAKE CHARLES D II. RIMER BARBARA K sold $261,851 worth of AFLAC Incorporated (NYSE:AFL) on Monday, August 1. 7,500 shares were sold by JANKE KENNETH S JR, worth $519,900 on Tuesday, May 31. JOHNSON DOUGLAS WAYNE also sold $207,990 worth of AFLAC Incorporated (NYSE:AFL) shares.
Aflac Incorporated is a business holding company. The company has a market cap of $29.36 billion. The Firm engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus . It has a 11.8 P/E ratio. Aflac’s insurance business consists of two divisions: Aflac Japan and Aflac U.S.
AFL Company Profile
Aflac Incorporated, incorporated on April 27, 1973, is a business holding company. The Firm engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac offers insurance policies in Japan and the United States that provide a layer of financial protection against income and asset loss. Aflac’s insurance business consists of two divisions: Aflac Japan and Aflac U.S. Aflac Japan sells voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans and annuities. Aflac U.S. sells supplemental insurance products, including products designed to protect individuals from depletion of assets, such as accident, cancer, critical illness/care, hospital intensive care, hospital indemnity, fixed-benefit dental, and vision care plans and loss-of-income products, such as life and short-term disability plans.
More recent AFLAC Incorporated (NYSE:AFL) news were published by: Finance.Yahoo.com which released: “Aflac Incorporated Announces Senior Notes Offering” on September 14, 2016. Also Moodys.com published the news titled: “Moody’s rates Aflac’s senior notes A3; stable outlook” on September 16, 2016. Businesswire.com‘s news article titled: “AM Best Assigns Issue Credit Ratings to Aflac Incorporated’s Senior Unsecured …” with publication date: September 15, 2016 was also an interesting one.
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