Rs Investment Management Co buys $56,300,132 stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Rs Investment Management Co scooped up 130,920 additional shares in AFLAC Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 767,450 shares of AFLAC Incorporated which is valued at $56,300,132.AFLAC Incorporated makes up approximately 0.55% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in AFL by selling 20,599 shares or 7.32% in the most recent quarter. The Hedge Fund company now holds 260,682 shares of AFL which is valued at $19,123,632. AFLAC Incorporated makes up approx 0.08% of Strs Ohio’s portfolio.Daiwa Securities Group reduced its stake in AFL by selling 29,400 shares or 29.33% in the most recent quarter. The Hedge Fund company now holds 70,850 shares of AFL which is valued at $5,197,556. AFLAC Incorporated makes up approx 0.03% of Daiwa Securities Group’s portfolio.Msi Financial Services Inc boosted its stake in AFL in the latest quarter, The investment management firm added 533 additional shares and now holds a total of 11,808 shares of AFLAC Incorporated which is valued at $866,235. AFLAC Incorporated makes up approx 0.03% of Msi Financial Services Inc’s portfolio.Guinness Atkinson Asset Management Inc reduced its stake in AFL by selling 1,920 shares or 23.13% in the most recent quarter. The Hedge Fund company now holds 6,380 shares of AFL which is valued at $468,037. AFLAC Incorporated makes up approx 0.28% of Guinness Atkinson Asset Management Inc’s portfolio.Alpha Windward reduced its stake in AFL by selling 247 shares or 7.8% in the most recent quarter. The Hedge Fund company now holds 2,918 shares of AFL which is valued at $211,526. AFLAC Incorporated makes up approx 0.15% of Alpha Windward’s portfolio.

AFLAC Incorporated closed down -1.04 points or -1.42% at $72.28 with 33,97,376 shares getting traded on Friday. Post opening the session at $71.87, the shares hit an intraday low of $71.12 and an intraday high of $73.88 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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.

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