Investec Asset Management Ltd buys $242,009,361 stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Investec Asset Management Ltd scooped up 1,445,793 additional shares in AFLAC Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 3,329,335 shares of AFLAC Incorporated which is valued at $242,009,361.AFLAC Incorporated makes up approximately 1.18% of Investec Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Geode Capital Management reduced its stake in AFL by selling 46,161 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 3,459,400 shares of AFL which is valued at $251,463,786. AFLAC Incorporated makes up approx 0.13% of Geode Capital Management’s portfolio.Oppenheimerfunds reduced its stake in AFL by selling 468,397 shares or 49.56% in the most recent quarter. The Hedge Fund company now holds 476,676 shares of AFL which is valued at $34,649,578. AFLAC Incorporated makes up approx 0.04% of Oppenheimerfunds’s portfolio.Coho Partners Ltd. boosted its stake in AFL in the latest quarter, The investment management firm added 84,471 additional shares and now holds a total of 1,131,962 shares of AFLAC Incorporated which is valued at $82,712,463. AFLAC Incorporated makes up approx 2.93% of Coho Partners Ltd.’s portfolio.Shelton Capital Management boosted its stake in AFL in the latest quarter, The investment management firm added 7,200 additional shares and now holds a total of 11,245 shares of AFLAC Incorporated which is valued at $809,303. AFLAC Incorporated makes up approx 0.07% of Shelton Capital Management’s portfolio.Conning reduced its stake in AFL by selling 90 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 16,508 shares of AFL which is valued at $1,211,027. AFLAC Incorporated makes up approx 0.05% of Conning’s portfolio.

AFLAC Incorporated opened for trading at $72.95 and hit $73.99 on the upside on Monday, eventually ending the session at $73.7, with a gain of 1.31% or 0.95 points. The heightened volatility saw the trading volume jump to 13,68,364 shares. Company has a market cap of $30,186 M.

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.

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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