Evercore ISI Group took its Aflac [AFL] rating to the equivalent of In-Line from Underperform, and the price target to $47.0 from $43, in a research note dated 2021-01-08. That figure represents around a 5.22% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with RBC Capital Mkts’s analysts upgrading the shares from “an Underperform” rating to “a Sector perform” rating in a research note to investors issued in mid March. Meanwhile, Raymond James had lowered its rating on AFL to “an Outperform” from the earlier “Strong buy”, in a research note produced for clients July 29, 2019. In addition, there was a downgrade from Evercore ISI on July 16, 2019. The rater changed AFL from “an In-line” to “an Underperform”.
Is Aflac Incorporated [NYSE:AFL] a Good Buy Right Now?
It should be noted that AFL technical indicators for short, intermediate as well as long term progress have placed an overall average of 96% as Buy. The average signal changed from 88% Buy in the last week and compares with 100% Buy in the past month. Data from Aflac Incorporated’s Trend Spotter indicated that the signals were Rising. The stock current average is 3.52 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 4.14 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 3.8 million shares.
AFL Price Performance
On Wall Street, Aflac Incorporated [NYSE:AFL] finished Thursday’s session down -0.56% at $44.68. The stock went up to $45.255 at the same session while its lowest single day price was $44.45. In the last five days, it saw a rise of about 1.52%, Aflac Incorporated shares gained by almost 0.47% since the beginning of the year. However, the share price has dropped to as low as -16.42% below its one year high. On 01/07/21, the company shares recorded $45.26, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $42.96. The company’s shares have declined by -14.88% in the past year. The 50-day SMA achieved is $42.49 while the 200-day SMA is $37.91. Volume gained to 4.22 million from 3.84 million in the previous session.
Aflac Incorporated [AFL] Valuation Measures
Notably, Aflac Incorporated [AFL] stock can be classified as a good candidate in the listing of underestimated low-priced Insurance – Life companies to purchase soonest possible with the prevailing 12-month PE ratio of 6.99. The measure means the stock is exchanging at a discount as compared to the 13.51x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.42 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.07 which means AFL serve an attractive investment opportunity compared to its competitors.
AFL Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 44.33 level, and in case of violation of this particular level, it will cause more drop to 43.99 level. On the upper level, 45.60 is still the key resistance. The stock may increase to the subsequent resistance at 45.14. The Relative Strength Index (RSI) pinned on the 14-day chart is 56.03, implying a neutral technical stance while the MACD stands at 0.37, meaning price will decrease in the next trading period. Percent R indicator moved to 22.77%, implying bullish price movement. Stochastic %K at 62.14% suggest selling the stock.
What is the short interest in Aflac Incorporated?
Short interest in the Aflac Incorporated stock has plunged, decreasing by 80000.0 shares to total 9.1 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 9.02 million, data from Yahoo Finance shows. The increase of 0.88% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.31% of the overall float for the stock.
Aflac Incorporated’s Biggest Shareholders: Who Owns Aflac Incorporated [AFL]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 57,234,864 shares or roughly 8.15% of the outstanding AFL shares. This means their shares have reduced by -1,950,149 from the 57,234,864 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, SSgA Funds Management, Inc. updated stake is worth $1,492,056,839. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -1.45% stake valued at $1,448,226,033 while Wells Fargo Clearing Services LLC added theirs at $563,966,487. During the last quarter, BlackRock Fund Advisors liquidated -485,241 of its shares in Aflac Incorporated while Wells Fargo Clearing Services LLC bought 91,642 shares. The Geode Capital Management LLC’s holdings currently number 10,351,897 shares at $462522757.96. According to the firm’s last 13F report, Northern Trust Investments, Inc. shares in the company at filing stood at 8,538,636 shares, roughly $375,102,279.
AFL Earnings Forecast For The Current Quarter
Aflac Incorporated [AFL] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $5.45B and an earnings per share of $1.05 for Dec 2020. Looking further ahead, the company is expected to report revenue of $5.46B at an EPS of $1.21 for Mar 2021. The estimates represent downside of -0.90% and -1.60% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
AFL Earnings Estimates For The Current Year
For the financial year, Aflac Incorporated [NYSE:AFL] is expected to bring in revenue of $21.88B. The returns are nearly $-430.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 4.94, higher than that of FY19 by $0.5. Estimates put this year’s earnings growth at 11.30%, -1.60% for the next, and at an annual 6.11% over the next 5-year period. As for sales, forecasts are for a decrease of -1.90% in the current fiscal year and a further -0.90% over the following year.