Market Update (NYSE:AFL): Aflac Study: Millennials Often Underestimate Health Care Costs

[PR Newswire] – COLUMBUS, Ga., June 29, 2016 /PRNewswire/ — Aflac, the leading provider of voluntary insurance sales at the worksite in the United States, today announced results from the 2016 Aflac WorkForces Report, revealing how millennials are more likely to embrace a nontraditional approach to pay their medical expenses compared to older generations. The online study, conducted by Lightspeed GMI on behalf of Aflac between January and February 2016, surveyed 1,500 benefits decision-makers and 5,000 employees at small, medium and large companies from across the United States. Read more on this. Aflac Incorporated (AFL) , valued at $28.50B, finished yesterday at $68.85. Shares have traded today between $67.82 and $69.09 per share with a one year range of $51.41 to $71.97. AFL shares are currently priced at 10.35x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.36x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.64 per share annually in dividends, yielding 2.37%. According to a consensus of 17 analysts, the earnings estimate of $1.66 per share would be $0.16 better than the year-ago quarter and a $0.06 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $6.65 would be a $0.49 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.45 Billion. If realized, that would be a 3.02% increase over the year-ago quarter. Recently, Sandler O’Neill downgraded AFL from Buy to Hold (May 23, 2016). Previously, Keefe Bruyette downgraded AFL from Outperform to Mkt Perform. With the above information in mind, readers should note that the average price target is $71.00, which is 3.12% above where the stock opened this morning. See more in (NYSE:AFL) Similar Articles: Market Update: AFLAC Inc (NYSE:AFL) – Aflac Announces New Enhancements to its Short-Term Disability Insurance Policy Market Update: AFLAC Inc (NYSE:AFL) – Aflac Incorporated Presentation Available for On-Demand Viewing at VirtualInvestorConferences.com Market Update: AFLAC Inc (NYSE:AFL) – The Aflac Duck Rings in a Magical New Year