Aflac’s Estimates Cut at UBS; Europe Still Weak (AFL)
Supplemental insurer Aflac Incorporated (AFL) on Monday received some further bearish sentiment from analysts at UBS.
The firm maintained its “Sell” rating on AFL and lowered its earnings estimates through 2013, noting that capital deployment will probably be limited, given recent European weakness.
Aflac shares, which are essentially flat year-to-date, rose 39 cents, or +0.9%, in premarket trading Monday.
The Bottom Line
Shares of Aflac (AFL) have a 3.08% dividend yield, based on Friday’s closing stock price of $42.88. The stock has technical support in the $37-$40 price area. If the shares can firm up, we see overhead resistance around the $45-$48 price levels.
Aflac Incorporated (AFL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.