SunTrust Robinson Humphrey Maintains AFLAC Incorporated to Neutral with Price Target $75.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on AFLAC Incorporated(NYSE:AFL). In a research note issued to the investors, the brokerage major Raises the price-target to $75.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Aug 1, 2016.

In a different note, On Aug 1, 2016, Deutsche Bank said it Maintains its rating on AFLAC Incorporated. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on AFLAC Incorporated. In the research note, the firm Raises the price-target to $71.00 per share. The shares have been rated ‘Hold’ by the firm. On May 20, 2016, Keefe Bruyette & Woods said it Downgrades its rating on AFLAC Incorporated. The shares have been rated ‘Market Perform’ by the firm. On May 10, 2016, FBR Capital said it Downgrades its rating on AFLAC Incorporated. In the research note, the firm Lowers the price-target to $71.00 per share. The shares have been rated ‘Market Perform’ by the firm.

AFLAC Incorporated (AFL) made into the market gainers list on Mondays trading session with the shares advancing 0.01% or 0.01 points. Due to strong positive momentum, the stock ended at $73.08, which is also near the day’s high of $73.34. The stock began the session at $73.22 and the volume stood at 12,69,612 shares. The 52-week high of the shares is $74.14 and the 52 week low is $51.41. The company has a current market capitalization of $30,254 M and it has 41,39,87,030 shares in outstanding.

AFLAC Incorporated has also declared a cash dividend of $0.4100 on Jul 28, 2016. The shares will quote ex-dividend on Aug 22, 2016 and the record date has been fixed on Aug 24, 2016. The dividend payable date has been fixed on Sep 1, 2016.

AFLAC Incorporated(AFL) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.44B. Analysts had an estimated revenue of $5.41B. Earnings per share were $1.71. Analysts had estimated an EPS of $1.67.

Several Insider Transactions has been reported to the SEC. On Jun 28, 2016, Robin Y Wilkey (Sr. Vice President) sold 3,065 shares at $70.23 per share price.Also, On Jun 9, 2016, Teresa L White (President, Aflac U.S.) sold 8,976 shares at $69.80 per share price.On Jun 2, 2016, Kenneth S Jr Janke (EVP, Treas Head of CorpFin&Dev) sold 7,500 shares at $69.32 per share price, according to the Form-4 filing with the securities and exchange commission.

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. Aflac’s 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.

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