Morgan Stanley lowered the firm’s price target on Aflac (AFL) to $80 from $85 and keeps an Equal Weight rating on the shares. Although earnings were mixed from the life insurance group, with solid results from interest rate sensitive products offsetting the weaker than expected equity sensitive products, companies such as MetLife (MET), Voya (VOYA) and others all saw weaker than expected VII segment performance serving as a headwind to earnings and to forward earnings guidance, the analyst tells investors. Though most life insurers did not lower VII guidance, the firm expects the earnings volatility from this segment to continue, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AFL:
- Aflac reiterates increase in Q1 dividend of 19%
- Aflac Incorporated Announces Fourth Quarter Results, Reports Fourth Quarter Net Earnings of $268 Million, Reiterates Increase in First Quarter Dividend of 19%
- Aflac reports Q4 adjusted EPS $1.25, consensus $1.45
- AFLAC options imply 2.3% move in share price post-earnings
- AFL Earnings this Week: How Will it Perform?