Keel Point Lowers stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Keel Point reduced its stake in AFLAC Incorporated by 13.81% during the most recent quarter end. The investment management company now holds a total of 17,641 shares of AFLAC Incorporated which is valued at $1.2 Million after selling 2,826 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on May 13, 2016.AFLAC Incorporated makes up approximately 0.61% of Keel Point’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. reduced its stake in AFL by selling 217,650 shares or 51.82% in the most recent quarter. The Hedge Fund company now holds 202,375 shares of AFL which is valued at $13.9 Million. AFLAC Incorporated makes up approx 0.11% of Connor Clark Lunn Investment Management Ltd.’s portfolio. Bowling Portfolio Management added AFL to its portfolio by purchasing 41,458 company shares during the most recent quarter which is valued at $2.9 Million. AFLAC Incorporated makes up approx 0.47% of Bowling Portfolio Management’s portfolio.

AFLAC Incorporated opened for trading at $69.95 and hit $70.0874 on the upside on Wednesday, eventually ending the session at $69.85, with a gain of 0.43% or 0.3 points. The heightened volatility saw the trading volume jump to 16,44,321 shares. Company has a market cap of $28,917 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 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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