American National Bank buys $12,357,400 stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : American National Bank scooped up 76,196 additional shares in AFLAC Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 174,146 shares of AFLAC Incorporated which is valued at $12,357,400.AFLAC Incorporated makes up approximately 4.19% of American National Bank’s portfolio.

Other Hedge Funds, Including , Ronald Blue Co boosted its stake in AFL in the latest quarter, The investment management firm added 593 additional shares and now holds a total of 7,710 shares of AFLAC Incorporated which is valued at $547,102. AFLAC Incorporated makes up approx 0.02% of Ronald Blue Co’s portfolio.Harwood Advisory Group boosted its stake in AFL in the latest quarter, The investment management firm added 6,812 additional shares and now holds a total of 37,374 shares of AFLAC Incorporated which is valued at $2,652,059. AFLAC Incorporated makes up approx 2.09% of Harwood Advisory Group’s portfolio.Private Bank Trust Co reduced its stake in AFL by selling 1,700 shares or 8.37% in the most recent quarter. The Hedge Fund company now holds 18,600 shares of AFL which is valued at $1,313,346. AFLAC Incorporated makes up approx 0.20% of Private Bank Trust Co’s portfolio.Hills Bank Trust Co reduced its stake in AFL by selling 500 shares or 10.99% in the most recent quarter. The Hedge Fund company now holds 4,050 shares of AFL which is valued at $290,304. AFLAC Incorporated makes up approx 0.11% of Hills Bank Trust Co’s portfolio.Catawba Capital Management Va reduced its stake in AFL by selling 2,800 shares or 13.86% in the most recent quarter. The Hedge Fund company now holds 17,402 shares of AFL which is valued at $1,242,155. AFLAC Incorporated makes up approx 0.30% of Catawba Capital Management Va’s portfolio.

AFLAC Incorporated opened for trading at $71.14 and hit $71.77 on the upside on Friday, eventually ending the session at $70.96, with a gain of 0.50% or 0.35 points. The heightened volatility saw the trading volume jump to 12,14,704 shares. Company has a market cap of $29,063 M.

On the company’s financial health, AFLAC Incorporated reported $1.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.68. The company had revenue of $5437.00 million for the quarter, compared to analysts expectations of $5469.99 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.

Many Wall Street Analysts have commented on AFLAC Incorporated. AFLAC Incorporated was Initiated by Credit Suisse to “Underperform” on Oct 7, 2016. AFLAC Incorporated was Resumed by Wells Fargo to “Market Perform” on Sep 23, 2016.

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.

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