Price Target Update on Aflac Incorporated (NYSE:AFL)

Aflac Incorporated (NYSE:AFL) : Currently there are 10 street experts covering Aflac Incorporated (NYSE:AFL) stock. The most bullish and bearish price target for the stock is $76 and $67 respectively for the short term. The average price target of all the analysts comes to $70. The estimated standard deviation from the target is $2.98.

Other Equity analysts have also commented on the company shares. Brokerage firm Keefe Bruyette & Woods downgrades its rating on Aflac Incorporated (NYSE:AFL). In a research note issued to the investors, the brokerage major maintains price-target of $73 per share.The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 20, 2016.

Aflac Incorporated (NYSE:AFL): stock turned positive on Thursday. Though the stock opened at $71.6, the bulls momentum made the stock top out at $71.97 level for the day. The stock recorded a low of $71.26 and closed the trading day at $71.77, in the green by 1.31%. The total traded volume for the day was 2,269,620. The stock had closed at $70.84 in the previous days trading.

The company shares have rallied 11.84% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $71.06 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $69.13 and the 200 Day Moving Average price is recorded at $63.23. On the companys insider trading activities,The officer (President, Aflac U.S.) of Aflac Inc, White Teresa L sold 8,976 shares at $69.8 on June 8, 2016. The Insider selling transaction had a total value worth of $626,525. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Aflac Incorporated (Aflac) is a business holding company. The Company is engaged in 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. Aflacs insurance business consists of two segments: Aflac Japan and Aflac U.S. Aflac Japan sells voluntary supplemental insurance products, including cancer plans, medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans and annuities. Aflac U.S. sells 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.