Thompson Investment Management Lowers stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Thompson Investment Management reduced its stake in AFLAC Incorporated by 2.48% during the most recent quarter end. The investment management company now holds a total of 53,227 shares of AFLAC Incorporated which is valued at $3,615,178 after selling 1,355 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.AFLAC Incorporated makes up approximately 0.74% of Thompson Investment Management’s portfolio.

AFLAC Incorporated opened for trading at $67.9 and hit $69.47 on the upside on Wednesday, eventually ending the session at $69.32, with a gain of 1.94% or 1.32 points. The heightened volatility saw the trading volume jump to 30,80,809 shares. Company has a market cap of $29,114 M.

Other Hedge Funds, Including , 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.Guinness Atkinson Asset Management Inc reduced its stake in AFL by selling 470 shares or 5.36% in the most recent quarter. The Hedge Fund company now holds 8,300 shares of AFL which is valued at $555,104. AFLAC Incorporated makes up approx 0.34% of Guinness Atkinson Asset Management Inc’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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