Analysts set expectations for Aflac Incorporated’s earnings in Q3 2021 (NYSE: AFL)
Aflac Incorporated (NYSE: AFL) – Piper Sandler research analysts raised their Q3 2021 EPS estimates for Aflac shares in a research report released to clients and investors on Friday, October 8. Piper Sandler analyst J. Barnidge now expects the financial services provider to earn $ 1.33 a share for the quarter, up from its previous estimate of $ 1.31. Piper Sandler also released estimates for Aflac fourth quarter 2021 earnings at $ 1.24 per share, fiscal 2021 earnings at $ 5.70 per share, second quarter 2022 earnings at 1.38. $ per share, third quarter 2022 earnings at $ 1.37 per share, fourth quarter 2022 earnings at $ 1.31 per share, and fiscal 2022 earnings at $ 5.30 per share.
Other research analysts have also recently published reports on the company. Zacks Investment Research upgraded Aflac from a “custody” rating to a “buy” rating and set a target price of $ 56.00 on the stock in a research note on Friday, June 18. raised their price target on Aflac from $ 46.00 to $ 47.00 and gave the stock a “sell” rating in a report released on Monday, June 21. Two equity research analysts gave the stock a sell rating, five assigned a conservation rating, and two gave the company a buy rating. According to MarketBeat data, Aflac currently has a consensus rating of “Hold” and an average price target of $ 51.83.
NYSE: AFL shares opened at $ 54.52 on Monday. The company has a market cap of $ 36.57 billion, a price / earnings ratio of 6.58, a P / E / G ratio of 1.96, and a beta of 1.01. The company has a debt ratio of 0.24, a current ratio of 0.06, and a rapid ratio of 0.06. The company’s 50-day moving average is $ 55.02 and its 200-day moving average is $ 54.41. Aflac has a one-year low at $ 33.37 and a one-year high at $ 57.64. Aflac (NYSE: AFL) last released its quarterly earnings data on Tuesday, July 27. The financial services provider reported earnings per share of $ 1.59 for the quarter, beating analyst consensus estimates of $ 1.27 by $ 0.32. The company posted revenue of $ 5.56 billion for the quarter, compared to $ 5.32 billion according to analysts’ estimates. Aflac recorded a return on equity of 11.79% and a net margin of 25.23%.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1. Investors registered on Wednesday August 18 received a dividend of $ 0.33. The ex-dividend date was Tuesday August 17. This represents a dividend of $ 1.32 on an annualized basis and a return of 2.42%. Aflac’s dividend payout rate is currently 26.61%.
In other Aflac news, executive vice president Eric M. Kirsch sold 34,778 shares of the company in a transaction dated Monday, August 23. The shares were sold for an average price of $ 57.02, for a total value of $ 1,983,041.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC website. In addition, director Toshihiko Fukuzawa sold 2,000 shares of the company in a transaction dated Tuesday, August 17. The stock was sold for an average price of $ 57.30, for a total trade of $ 114,600.00. After the sale closes, the director now owns 11,473 shares of the company, valued at $ 657,402.90. Disclosure of this sale can be found here. In the past three months, insiders have sold 36,978 shares of the company valued at $ 2,108,556. 1.50% of the capital is held by insiders.
Several institutional investors and hedge funds have recently changed their positions in the title. BlackRock Inc. increased its position in Aflac by 5.6% in the 2nd quarter. BlackRock Inc. now owns 47,236,620 shares of the financial services provider valued at $ 2,534,717,000 after purchasing an additional 2,524,018 shares during the period. FMR LLC increased its position in Aflac shares by 23.2% during the 2nd quarter. FMR LLC now owns 13,078,141 shares of the financial services provider valued at $ 701,774,000 after acquiring 2,466,836 additional shares during the period. Geode Capital Management LLC increased its position in Aflac shares by 16.3% during the 2nd quarter. Geode Capital Management LLC now owns 12,004,727 shares of the financial services provider valued at $ 642,491,000 after acquiring an additional 1,685,100 shares during the period. Amundi took a new stake in Aflac shares during the second quarter for a value of $ 73,106,000. Finally, Assetmark Inc. increased its position in Aflac shares by 187.2% during the second quarter. Assetmark Inc. now owns 1,970,605 shares of the financial services provider valued at $ 105,743,000 after acquiring an additional 1,284,483 shares during the period. 66.29% of the shares are held by institutional investors.
Aflac, Inc is a holding company which provides financial protection services. It operates through the Aflac Japan and Aflac United States (United States) segments. The Aflac Japan segment offers life insurance, death benefits and cash values. The Aflac segment in the United States sells voluntary supplemental insurance products to people who already have significant medical or primary coverage.
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