The analysts wrote, “At the annual Financial Analyst Briefing on May 15, management did not make a convincing enough case on capital returns to justify our aggressive normalized payout assumption. Also, we were disappointed that management has not more fully protected its Japanese solvency margin ratio from extreme tail risk scenarios. As a result, we are reducing our price objective from $75 to $63 per share.”
AFL has been the subject of a number of other recent research reports. Analysts at RBC Capital (NYSE: RY) downgraded shares of AFLAC from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, May 17th. Separately, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of AFLAC in a research note to investors on Friday, May 11st. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AFLAC in a research note to investors on Monday, April 30th. They now have a $47.00 price target on the stock.
Shares of AFLAC traded down 1.03% during mid-day trading on Friday, hitting $39.27. AFLAC has a 52 week low of $31.25 and a 52 week high of $50.33. The company has a market cap of $18.364 billion and a P/E ratio of 7.89.
Aflac Incorporated (Aflac) is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries.