Hussman Strategic Advisors buys $7,197,000 stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Hussman Strategic Advisors scooped up 25,000 additional shares in AFLAC Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 100,000 shares of AFLAC Incorporated which is valued at $7,197,000.AFLAC Incorporated makes up approximately 1.06% of Hussman Strategic Advisors’s portfolio.

Other Hedge Funds, Including , Shelton Capital Management boosted its stake in AFL in the latest quarter, The investment management firm added 7,200 additional shares and now holds a total of 11,245 shares of AFLAC Incorporated which is valued at $809,303. AFLAC Incorporated makes up approx 0.07% of Shelton Capital Management’s portfolio.First National Bank Of Omaha reduced its stake in AFL by selling 86,426 shares or 93.85% in the most recent quarter. The Hedge Fund company now holds 5,665 shares of AFL which is valued at $416,094. AFLAC Incorporated makes up approx 0.03% of First National Bank Of Omaha’s portfolio. Pennsylvania Trust Co added AFL to its portfolio by purchasing 3,450 company shares during the most recent quarter which is valued at $253,403. AFLAC Incorporated makes up approx 0.02% of Pennsylvania Trust Co’s portfolio.Salient Trust Co Lta reduced its stake in AFL by selling 1 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 3,950 shares of AFL which is valued at $290,128. AFLAC Incorporated makes up approx 0.03% of Salient Trust Co Lta’s portfolio.

AFLAC Incorporated closed down -0.01 points or -0.01% at $71.96 with 14,76,305 shares getting traded on Thursday. Post opening the session at $71.79, the shares hit an intraday low of $71.51 and an intraday high of $72.07 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. 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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