AFLAC Incorporated (AFL) : Chesapeake Asset Management reduced its stake in AFLAC Incorporated by 7.28% during the most recent quarter end. The investment management company now holds a total of 104,031 shares of AFLAC Incorporated which is valued at $7,601,545 after selling 8,173 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.AFLAC Incorporated makes up approximately 5.96% of Chesapeake Asset Management’s portfolio.
Other Hedge Funds, Including , Global X Management Co boosted its stake in AFL in the latest quarter, The investment management firm added 1,492 additional shares and now holds a total of 1,549 shares of AFLAC Incorporated which is valued at $113,185. AFLAC Incorporated makes up approx 0.01% of Global X Management Co’s portfolio.Regal Investment Advisors reduced its stake in AFL by selling 1,497 shares or 11.17% in the most recent quarter. The Hedge Fund company now holds 11,902 shares of AFL which is valued at $869,679. AFLAC Incorporated makes up approx 0.23% of Regal Investment Advisors’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.Clean Yield Group boosted its stake in AFL in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 710 shares of AFLAC Incorporated which is valued at $52,086. AFLAC Incorporated makes up approx 0.02% of Clean Yield Group’s portfolio.Eqis Capital Management boosted its stake in AFL in the latest quarter, The investment management firm added 15,245 additional shares and now holds a total of 19,078 shares of AFLAC Incorporated which is valued at $1,396,700. AFLAC Incorporated makes up approx 0.09% of Eqis Capital Management’s portfolio.
AFLAC Incorporated opened for trading at $72.41 and hit $72.69 on the upside on Wednesday, eventually ending the session at $72.67, with a gain of 0.65% or 0.47 points. The heightened volatility saw the trading volume jump to 13,72,103 shares. Company has a market cap of $29,764 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.
Investors should note that on Jul 28, 2016, AFLAC Incorporated announced a cash dividend of $0.4100. The company’s management has announced Aug 22, 2016 as the ex-dividend date and fixed the record date on Aug 24, 2016. The payable date has been fixed on Sep 1, 2016.
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.