AFLAC Incorporated(NYSE:AFL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $5.44B. Analysts estimated a revenue of $5.41B. Earnings per share were $1.71. Analysts had estimated an EPS of $1.67.
In a different note, On Jul 7, 2016, Deutsche Bank said it Maintains its rating on AFLAC Incorporated. In the research note, the firm Raises the price-target to $71.00 per share. The shares have been rated ‘Hold’ by the firm. On May 20, 2016, Keefe Bruyette & Woods said it Downgrades its rating on AFLAC Incorporated. The shares have been rated ‘Market Perform’ by the firm. On May 10, 2016, FBR Capital said it Downgrades its rating on AFLAC Incorporated. In the research note, the firm Lowers the price-target to $71.00 per share. The shares have been rated ‘Market Perform’ by the firm.
AFLAC Incorporated (AFL) shares turned negative on Thursdays trading session with the shares closing down -0.01 points or -0.01% at a volume of 14,76,305. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $72.07. The peak price level was also seen at $72.07 while the days lowest was $71.51. Finally the shares closed at $71.96. The 52-week high of the shares is $74.14 while the 52-week low is $51.41. According to the latest information available, the market cap of the company is $29,791 M.
Several Insider Transactions has been reported to the SEC. On Jun 28, 2016, Robin Y Wilkey (Sr. Vice President) sold 3,065 shares at $70.23 per share price.Also, On Jun 9, 2016, Teresa L White (President, Aflac U.S.) sold 8,976 shares at $69.80 per share price.On Jun 2, 2016, Kenneth S Jr Janke (EVP, Treas Head of CorpFin&Dev) sold 7,500 shares at $69.32 per share price, according to the Form-4 filing with the securities and exchange commission.
Aflac Incorporated (Aflac) is a business holding company. The Company is engaged in supplemental health and life insurance which is marketed and administered through its subsidiary American Family Life Assurance Company of Columbus (Aflac). Aflac offers insurance policies in Japan and the United States that provide a layer of financial protection against income and asset loss. Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S. Aflac Japan sells voluntary supplemental insurance products including cancer plans medical indemnity plans medical/sickness riders care plans living benefit life plans ordinary life insurance plans and annuities. Aflac U.S. sells insurance products including products designed to protect individuals from depletion of assets such as accident cancer critical illness/care hospital intensive care hospital indemnity fixed-benefit dental and vision care plans and loss-of-income products.