Private Bank Trust Co Lowers stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Private Bank Trust Co reduced its stake in AFLAC Incorporated by 8.37% during the most recent quarter end. The investment management company now holds a total of 18,600 shares of AFLAC Incorporated which is valued at $1,313,346 after selling 1,700 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.AFLAC Incorporated makes up approximately 0.20% of Private Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Profit Investment Management reduced its stake in AFL by selling 583 shares or 11.4% in the most recent quarter. The Hedge Fund company now holds 4,531 shares of AFL which is valued at $319,934. AFLAC Incorporated makes up approx 0.32% of Profit Investment Management’s portfolio.First National Bank Of Omaha reduced its stake in AFL by selling 899 shares or 15.87% in the most recent quarter. The Hedge Fund company now holds 4,766 shares of AFL which is valued at $338,291. AFLAC Incorporated makes up approx 0.03% of First National Bank Of Omaha’s portfolio.Legacy Private Trust boosted its stake in AFL in the latest quarter, The investment management firm added 1,330 additional shares and now holds a total of 26,422 shares of AFLAC Incorporated which is valued at $1,875,434. AFLAC Incorporated makes up approx 0.26% of Legacy Private Trust’s portfolio.Cutler Group Lp reduced its stake in AFL by selling 9,986 shares or 82.68% in the most recent quarter. The Hedge Fund company now holds 2,092 shares of AFL which is valued at $149,955. AFLAC Incorporated makes up approx 0.01% of Cutler Group Lp’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in AFL by selling 2,582 shares or 2.41% in the most recent quarter. The Hedge Fund company now holds 104,579 shares of AFL which is valued at $7,464,849. AFLAC Incorporated makes up approx 0.16% of Exxonmobil Investment Management Inc Tx’s portfolio.

AFLAC Incorporated closed down -0.7 points or -0.98% at $70.98 with 13,50,623 shares getting traded on Tuesday. Post opening the session at $71.59, the shares hit an intraday low of $70.73 and an intraday high of $71.64 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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