The stock of Aflac Incorporated (NYSE:AFL) decreased by -$0.91 on Tuesday to finish at $75.73, down -1.19 percent. The last five days have seen an average of 2,054,880 shares of common stock traded. 7 times new highs were reached in the current year, with a gain of $3.79. The average number of shares traded over the last 20 days was 2,340,565, while the average volume over the last 50 days totaled 2,247,782.
AFL stock appreciated 7.60% since last month. On 07/17/23, the company’s shares reached a one-month low of $69.00. The stock touched a high of $78.43 on 08/07/23, after rallying from a low of $56.03 in 52 weeks. The price of AFL stock has risen by 5.27% or $3.79 this year, reaching a new high 7 times. Still, the stock price is down -3.44% from the 52-week high.
Insider Transactions
AFL stock investors should be aware that Aflac Incorporated (AFL) stock had its last reported insider trading activity 6 days ago on Aug 10. On Aug 10, Chairman & Rep. Director, ALIJ LAKE CHARLES D II sold 16,040 shares at $75.86 each. This transaction resulted in the insider making $1,216,810. On Aug 03, Miller Virgil Raynard sold 2,626 shares at a price of US$77.08. After the transaction, the insider now owns 2,181 shares. Director MOSKOWITZ JOSEPH L had earlier sold 500 shares on Jul 03 for $69.60 a share. The transaction was completed for $34,800.
Valuation Metrics
Aflac Incorporated (AFL) has a trailing price-to-earnings (P/E) ratio of 10.14. Beta for the stock is 0.93. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.37, the price-to-book (PB) ratio of 2.23, and the price-to-cash flow ratio of 13.94.
Company paid $0.42 per share in dividends, remained unchanged from $0.42 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.34, and the total debt to equity ratio is 0.34. Aflac Incorporated’s operating margin stood at 26.60% for the same period.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AFL’s return on assets (ROA) during the last 12 months has been 3.50%. There was a 16.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 21.80%.
Earnings Surprise
According to Aflac Incorporated’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $5.17 billion, while revenues fell by -4.41% to $4.8 billion. It was predicted that Aflac Incorporated’s quarterly earnings would be $1.62, but it ended up being $1.43, beating the consensus by 13.30%. At the end of Aflac Incorporated’s most recent quarter ended June 29, its total debt was $12.36 billion. Equity owned by shareholders amounts to $59.41 million.
Technical Picture
Here’s a quick look at Aflac Incorporated’s (AFL) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 57.25%, suggesting the stock is Neutral, with a 16.91% historical volatility rate.
The stochastic %K and %D were 66.61% and 64.88% respectively, while the average true range (ATR) was 1.32. Based on the 14-day stochastic reading of 58.20%, the RSI (14) reading is 61.15%. On the 9-day MACD Oscillator, the stock is at -0.29, and the 14-day reading is at 0.97.
Analyst Ratings
Analysts have assigned Aflac Incorporated (AFL) an Hold rating. AFL is a stock that is recommended for selling by 1 brokerage firm, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is AFL’s price target for the next 12 months?
The current consensus forecast for the stock is between $58.00 and $86.00, with a median target price of $76.00. In analyzing these forecasts, the average price target given by analysts for Aflac Incorporated (AFL) is $75.31.
