Kwmg buys $1.6 Million stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Kwmg scooped up 1,699 additional shares in AFLAC Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 23,823 shares of AFLAC Incorporated which is valued at $1.6 Million.AFLAC Incorporated makes up approximately 0.97% of Kwmg’s portfolio.

Other Hedge Funds, Including , Rs Investment Management Co added AFL to its portfolio by purchasing 636,530 company shares during the most recent quarter which is valued at $43.8 Million. AFLAC Incorporated makes up approx 0.44% of Rs Investment Management Co’s portfolio.Rockland Trust Co reduced its stake in AFL by selling 3,879 shares or 2.65% in the most recent quarter. The Hedge Fund company now holds 142,523 shares of AFL which is valued at $9.8 Million. AFLAC Incorporated makes up approx 1.70% of Rockland Trust Co’s portfolio.Boston Financial Mangement Inc reduced its stake in AFL by selling 660 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 42,948 shares of AFL which is valued at $3 Million. AFLAC Incorporated makes up approx 0.44% of Boston Financial Mangement Inc’s portfolio.Tocqueville Asset Management reduced its stake in AFL by selling 21,305 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 760,203 shares of AFL which is valued at $52.4 Million. AFLAC Incorporated makes up approx 0.67% of Tocqueville Asset Management’s portfolio. Decatur Capital Management added AFL to its portfolio by purchasing 215,800 company shares during the most recent quarter which is valued at $14.9 Million. AFLAC Incorporated makes up approx 1.95% of Decatur Capital Management’s portfolio.

AFLAC Incorporated opened for trading at $68.56 and hit $69.28 on the upside on Monday, eventually ending the session at $69.02, with a gain of 0.82% or 0.56 points. The heightened volatility saw the trading volume jump to 31,06,709 shares. Company has a market cap of $28,573 M.

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. 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 .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 (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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