Aflac Incorporated (NYSE:AFL) saw a downside of -1.42% to close Tuesday at $73.39 after subtracting -$1.06 on the day. The 5-day average trading volume is 1,942,640 shares of the company’s common stock. It has gained $76.70 in the past week and touched a new high 2 times within the past 5 days. An average of 2,351,955 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,254,242.
AFL’s 1-month performance is 1.28% or $0.98 on its low of $71.97 reached on 07/31/23. The company’s shares have touched a 52-week low of $56.03 and high of $78.43, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, AFL has achieved 2.02% or $1.45 and has reached a new high 7 times. However, the current price is down -6.43% from the 52-week high price.
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Insider Transactions
AFL stock investors last saw insider trading activity on Aug 21.Daniels James Todd (EVP, CFO Aflac Japan) most recently sold 3,355 shares at $74.51 per share on Aug 21. This transaction cost the insider $249,981. SVP, Global CRO, Chief Actuary, RIGGIERI ALBERT, sold 7,649 shares at a price of $76.09 on Aug 17. Then, on Aug 10, Chairman & Rep. Director, ALIJ LAKE CHARLES D II sold 16,040 shares at a price of $75.86 per share. This transaction amounted to $1,216,810.
Valuation Metrics
AFL stock has a beta of 0.92. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.34 while the price-to-book (PB) in the most recent quarter is 2.16, with the price to cash flow ratio at 13.78.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.34, while the total debt to equity was 0.34.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income grew 15.06% to $1.63 billion, while revenue of $1.19 billion was 27.29% off the previous quarter. Analysts expected AFL to announce $1.43 per share in earnings in its latest quarter, but it posted $1.62, representing a 13.30% surprise. Shareholders hold equity totaling $594.06 million.
Let’s look briefly at Aflac Incorporated (AFL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 36.28% to suggest the stock is trending Neutral, with historical volatility in this time period at 11.33%.
The stock’s 5-day moving average is $74.83, reflecting a -3.09% or -$2.34 change from its current price. AFL is currently trading +1.23% above its 20-day SMA, +14.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.41% and SMA200 by+10.05%.
Stochastic %K and %D was 23.61% and 39.67% and the average true range (ATR) pointed at 1.19. The RSI (14) points at 45.95%, while the 14-day stochastic is at 0.59% with the period’s ATR at 1.21. The stock’s 9-day MACD Oscillator is pointing at -1.18 and -1.72 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Aflac Incorporated (NYSE: AFL), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for AFL stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate AFL as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is AFL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $58.00 and a high of $86.00, with their median price target at $76.00. Looking at these predictions, the average price target given by analysts is for Aflac Incorporated (AFL) stock is $75.38.
