Market Analysts see Aflac Incorporated [AFL] gaining to $60. Time to buy?

Aflac Incorporated [NYSE: AFL] traded at a low on 12/08/22, posting a -1.24 loss after which it closed the day’ session at $70.32. The company report on December 8, 2022 that Aflac Partners With Championship Coach Dawn Staley To Bolster Player and Fan Experience During NCAA(R) Division 1 Women’s Basketball Championship.

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Aflac Incorporated, a leading provider of supplemental health insurance in the U.S., announced plans to boost its support for the upcoming NCAA® Division 1 Women’s Basketball Championship in an effort to draw attention to funding gaps that exist in women’s athletics. As part of its 2023 March Madness® spend, Aflac is allocating a larger portion of its on-site activation and advertising budget specifically to focus on women’s basketball.

The brand will also work with women’s college basketball 2022 National Championship head coach, Dawn Staley, to determine how to best distribute the increased funding to drive impact for players and fans during the tournament. Coach Staley will also co-star in Aflac’s March Madness advertising spot that debuts ahead of the tournament that will also feature another soon-to-be-announced coaching legend. Advertising will continue to focus on reminding Americans that Aflac is committed to helping close the medical debt gap.

The results of the trading session contributed to over 2381446 shares changing hands. Over the past one week, the price volatility of Aflac Incorporated stands at 1.93% while the volatility over the past one month is 1.90%.

The market cap for AFL stock reached $43.46 billion, with 629.35 million shares outstanding and 563.18 million shares in the current float. Compared to the average trading volume of 2.75M shares, AFL reached a trading volume of 2381446 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Aflac Incorporated [AFL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AFL shares is $67.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AFL stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Aflac Incorporated shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 24, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on January 26, 2022, representing the official price target for Aflac Incorporated stock. Previously, the target price had yet another raise to $63, while Wolfe Research analysts kept a Peer Perform rating on AFL stock. On January 12, 2022, analysts increased their price target for AFL shares from 54 to 61.

The Average True Range (ATR) for Aflac Incorporated is set at 1.47, with the Price to Sales ratio for AFL stock in the period of the last 12 months amounting to 2.08. The Price to Book ratio for the last quarter was 1.83, with the Price to Cash per share for the same quarter was set at 7.62. Price to Free Cash Flow for AFL in the course of the last twelve months was 15.70.

How has AFL stock performed recently?

Aflac Incorporated [AFL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.21. With this latest performance, AFL shares gained by 3.44% in over the last four-week period, additionally plugging by 22.44% over the last 6 months – not to mention a rise of 23.96% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AFL stock in for the last two-week period is set at 55.49, with the RSI for the last a single of trading hit 47.12, and the three-weeks RSI is set at 59.02 for Aflac Incorporated [AFL]. The present Moving Average for the last 50 days of trading for this stock 65.38, while it was recorded at 71.20 for the last single week of trading, and 60.98 for the last 200 days.

Aflac Incorporated [AFL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Aflac Incorporated [AFL] shares currently have an operating margin of +25.37. Aflac Incorporated’s Net Margin is presently recorded at +19.56.

Return on Equity for this stock inclined to 12.95, with Return on Assets sitting at 2.57.

Earnings analysis for Aflac Incorporated [AFL]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AFL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Aflac Incorporated go to -0.25%.

Insider trade positions for Aflac Incorporated [AFL]

There are presently around $29,573 million, or 60.60% of AFL stock, in the hands of institutional investors. The top three institutional holders of AFL stocks are: VANGUARD GROUP INC with ownership of 55,153,545, which is approximately 0.644% of the company’s market cap and around 0.10% of the total institutional ownership; JAPAN POST HOLDINGS CO., LTD., holding 52,300,000 shares of the stock with an approximate value of $3.68 billion in AFL stocks shares; and BLACKROCK INC., currently with $2.9 billion in AFL stock with ownership of nearly -3.361% of the company’s market capitalization.

Positions in Aflac Incorporated stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 491 institutional holders increased their position in Aflac Incorporated [NYSE:AFL] by around 15,264,461 shares. Additionally, 511 investors decreased positions by around 18,040,539 shares, while 255 investors held positions by with 387,237,416 shares. The mentioned changes placed institutional holdings at 420,542,416 shares, according to the latest SEC report filing. AFL stock had 83 new institutional investments in for a total of 2,737,801 shares, while 72 institutional investors sold positions of 1,400,183 shares during the same period.


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