Dean Investment Associates Lowers stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Dean Investment Associates reduced its stake in AFLAC Incorporated by 0.05% during the most recent quarter end. The investment management company now holds a total of 79,371 shares of AFLAC Incorporated which is valued at $5.5 Million after selling 37 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on May 12, 2016.AFLAC Incorporated makes up approximately 1.13% of Dean Investment Associates’s portfolio.

Other Hedge Funds, Including , Winch Advisory Services boosted its stake in AFL in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 209 shares of AFLAC Incorporated which is valued at $14,394. AFLAC Incorporated makes up approx 0.02% of Winch Advisory Services’s portfolio.Blackrock Investment Management reduced its stake in AFL by selling 62,175 shares or 7.5% in the most recent quarter. The Hedge Fund company now holds 766,617 shares of AFL which is valued at $52.8 Million. AFLAC Incorporated makes up approx 0.07% of Blackrock Investment Management’s portfolio.Parkside Financial Bank Trust boosted its stake in AFL in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 503 shares of AFLAC Incorporated which is valued at $34,632. AFLAC Incorporated makes up approx 0.02% of Parkside Financial Bank Trust’s portfolio.Retirement Systems Of Alabama reduced its stake in AFL by selling 8,008 shares or 3.62% in the most recent quarter. The Hedge Fund company now holds 213,287 shares of AFL which is valued at $14.7 Million. AFLAC Incorporated makes up approx 0.09% of Retirement Systems Of Alabama’s portfolio.

AFLAC Incorporated opened for trading at $68.68 and hit $68.85 on the upside on Friday, eventually ending the session at $68.73, with a gain of 0.19% or 0.13 points. The heightened volatility saw the trading volume jump to 25,18,104 shares. Company has a market cap of $28,453 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. 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 .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 .

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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