Aflac Inc. (AFL) Shares Down Despite Recent Market Volatility

Aflac Inc. (NYSE: AFL)’s stock price has dropped by -0.31 in relation to previous closing price of 85.19. Nevertheless, the company has seen a gain of 0.14% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-29 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Aflac (AFL) have what it takes?

Is It Worth Investing in Aflac Inc. (NYSE: AFL) Right Now?

Aflac Inc. (NYSE: AFL) has a higher price-to-earnings ratio of 10.96x compared to its average ratio, The 36-month beta value for AFL is at 0.91. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 as “hold,” and 1 as “sell.”

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The public float for AFL is 518.77M, and currently, shorts hold a 2.20% of that float. The average trading volume for AFL on April 03, 2024 was 2.26M shares.

AFL’s Market Performance

AFL stock saw an increase of 0.14% in the past week, with a monthly gain of 5.59% and a quarterly increase of 2.95%. The volatility ratio for the week is 1.11%, and the volatility levels for the last 30 days are 1.39% for Aflac Inc. (AFL). The simple moving average for the last 20 days is 1.45% for AFL’s stock, with a simple moving average of 8.46% for the last 200 days.

Analysts’ Opinion of AFL

Many brokerage firms have already submitted their reports for AFL stocks, with Evercore ISI repeating the rating for AFL by listing it as a “Underperform.” The predicted price for AFL in the upcoming period, according to Evercore ISI is $78 based on the research report published on January 04, 2024 of the current year 2024.

Morgan Stanley, on the other hand, stated in their research note that they expect to see AFL reach a price target of $75, previously predicting the price at $74. The rating they have provided for AFL stocks is “Equal-Weight” according to the report published on August 18th, 2023.

BofA Securities gave a rating of “Buy” to AFL, setting the target price at $77 in the report published on June 05th of the previous year.

AFL Trading at 3.73% from the 50-Day Moving Average

After a stumble in the market that brought AFL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.54% of loss for the given period.

Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.11%, as shares surge +6.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.66% upper at present.

During the last 5 trading sessions, AFL rose by +0.14%, which changed the moving average for the period of 200-days by +23.52% in comparison to the 20-day moving average, which settled at $83.98. In addition, Aflac Inc. saw 2.95% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at AFL starting from KENNY THOMAS J, who sale 5,000 shares at the price of $84.62 back on Mar 20 ’24. After this action, KENNY THOMAS J now owns 17,920 shares of Aflac Inc., valued at $423,105 using the latest closing price.

RIGGIERI ALBERT, the SVP, Global CRO of Aflac Inc., sale 8,000 shares at $83.34 during a trade that took place back on Mar 14 ’24, which means that RIGGIERI ALBERT is holding 32,825 shares at $666,760 based on the most recent closing price.

Stock Fundamentals for AFL

Current profitability levels for the company are sitting at:

  • 0.4 for the present operating margin
  • 1.0 for the gross margin

The net margin for Aflac Inc. stands at 0.25. The total capital return value is set at 0.06. Equity return is now at value 21.01, with 3.50 for asset returns.

Based on Aflac Inc. (AFL), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 41.09.

Currently, EBITDA for the company is 39.0 million with net debt to EBITDA at 0.62. When we switch over and look at the enterprise to sales, we see a ratio of 2.79. The receivables turnover for the company is 22.05for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.31.

Conclusion

In conclusion, Aflac Inc. (AFL) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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