Oppenheimer Co Inc Lowers stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Oppenheimer Co Inc reduced its stake in AFLAC Incorporated by 2.08% during the most recent quarter end. The investment management company now holds a total of 676,906 shares of AFLAC Incorporated which is valued at $46,686,207 after selling 14,380 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.AFLAC Incorporated makes up approximately 1.40% of Oppenheimer Co Inc’s portfolio.

AFLAC Incorporated opened for trading at $68.47 and hit $69.3 on the upside on Monday, eventually ending the session at $69.13, with a gain of 0.23% or 0.16 points. The heightened volatility saw the trading volume jump to 22,73,367 shares. Company has a market cap of $29,035 M.

Other Hedge Funds, Including , Loudon Investment Management boosted its stake in AFL in the latest quarter, The investment management firm added 131 additional shares and now holds a total of 50,897 shares of AFLAC Incorporated which is valued at $3,510,366. AFLAC Incorporated makes up approx 2.83% of Loudon Investment Management’s portfolio. Horizon Kinetics added AFL to its portfolio by purchasing 3,496 company shares during the most recent quarter which is valued at $233,812. AFLAC Incorporated makes up approx 0.01% of Horizon Kinetics’s portfolio.Alpha Windward reduced its stake in AFL by selling 65 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 3,165 shares of AFL which is valued at $211,675. AFLAC Incorporated makes up approx 0.15% of Alpha Windward’s portfolio.Palisade Asset Management boosted its stake in AFL in the latest quarter, The investment management firm added 3,265 additional shares and now holds a total of 141,367 shares of AFLAC Incorporated which is valued at $9,454,625. AFLAC Incorporated makes up approx 1.83% of Palisade Asset Management’s portfolio.Denali Advisors boosted its stake in AFL in the latest quarter, The investment management firm added 4,700 additional shares and now holds a total of 134,700 shares of AFLAC Incorporated which is valued at $9,008,736. AFLAC Incorporated makes up approx 2.01% of Denali Advisors’s portfolio.

On the company’s financial health, AFLAC Incorporated reported $1.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.63. The company had revenue of $5451.00 million for the quarter, compared to analysts expectations of $5287.72 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.

Many Wall Street Analysts have commented on AFLAC Incorporated. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 67 from a previous price target of $64 .Company shares were Reiterated by UBS on Apr 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 67 from a previous price target of $62 .AFLAC Incorporated was Downgraded by Raymond James to ” Mkt Perform” on Apr 21, 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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