AFLAC Incorporated (AFL) : Uss Investment Management Ltd reduced its stake in AFLAC Incorporated by 71.43% during the most recent quarter end. The investment management company now holds a total of 400,000 shares of AFLAC Incorporated which is valued at $28,788,000 after selling 1,000,000 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.AFLAC Incorporated makes up approximately 0.48% of Uss Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Thompson Investment Management reduced its stake in AFL by selling 1,595 shares or 3.0% in the most recent quarter. The Hedge Fund company now holds 51,632 shares of AFL which is valued at $3,715,955. AFLAC Incorporated makes up approx 0.73% of Thompson Investment Management’s portfolio.Concert Wealth Management boosted its stake in AFL in the latest quarter, The investment management firm added 1,323 additional shares and now holds a total of 25,146 shares of AFLAC Incorporated which is valued at $1,817,553. AFLAC Incorporated makes up approx 0.24% of Concert Wealth Management’s portfolio. Achievement Holdings added AFL to its portfolio by purchasing 3,500 company shares during the most recent quarter which is valued at $256,760. AFLAC Incorporated makes up approx 0.03% of Achievement Holdings’s portfolio.Highland Capital Management reduced its stake in AFL by selling 725 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 141,571 shares of AFL which is valued at $10,398,390. AFLAC Incorporated makes up approx 0.87% of Highland Capital Management’s portfolio. Gwm Advisors added AFL to its portfolio by purchasing 6,208 company shares during the most recent quarter which is valued at $454,488. AFLAC Incorporated makes up approx 0.19% of Gwm Advisors’s portfolio.
AFLAC Incorporated closed down -0.01 points or -0.01% at $71.96 with 14,76,305 shares getting traded on Thursday. Post opening the session at $71.79, the shares hit an intraday low of $71.51 and an intraday high of $72.07 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.
Investors should note that on Jul 28, 2016, AFLAC Incorporated announced a cash dividend of $0.4100. The company’s management has announced Aug 22, 2016 as the ex-dividend date and fixed the record date on Aug 24, 2016. The payable date has been fixed on Sep 1, 2016.
Many Wall Street Analysts have commented on AFLAC Incorporated. AFLAC Incorporated was Downgraded by Sandler O’Neill to ” Hold” on May 23, 2016. AFLAC Incorporated was Downgraded by Keefe Bruyette to ” Mkt Perform” on May 20, 2016. Shares were Downgraded by FBR Capital on May 10, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 68 from a previous price target of $71 .
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.