AFLAC Incorporated (AFL) was Downgraded by FBR Capital to ” Mkt Perform” while Lowering the Price Target of the company shares to $ 68 from a previous price target of $71 . Earlier the firm had a rating of “Outperform ” on the company shares. FBR Capital advised their investors in a research report released on May 10, 2016.
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.
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.
AFLAC Incorporated opened for trading at $68.42 and hit $68.9124 on the upside on Friday, eventually ending the session at $68.85, with a gain of 0.28% or 0.19 points. The heightened volatility saw the trading volume jump to 16,00,759 shares. Company has a market cap of $28,503 M.
In a different news, on May 5, 2016, Charles D Ii Lake (President -Aflac International) sold 17,791 shares at $68.47 per share price. According to the SEC, on Mar 21, 2016, Kriss Iii Cloninger (President) sold 16,000 shares at $63.62 per share price. On Mar 15, 2016, Charles B Knapp (director) sold 4,000 shares at $61.63 per share price, according to the Form-4 filing with the securities and exchange commission.
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.