Tanaka Capital Management Inc Lowers stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Tanaka Capital Management Inc reduced its stake in AFLAC Incorporated by 0.38% during the most recent quarter end. The investment management company now holds a total of 17,149 shares of AFLAC Incorporated which is valued at $1,246,561 after selling 65 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.AFLAC Incorporated makes up approximately 3.04% of Tanaka Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Texas Yale Capital Corp. reduced its stake in AFL by selling 535 shares or 10.73% in the most recent quarter. The Hedge Fund company now holds 4,450 shares of AFL which is valued at $323,471. AFLAC Incorporated makes up approx 0.03% of Texas Yale Capital Corp.’s portfolio. Cornerstone Advisors Inc added AFL to its portfolio by purchasing 9,000 company shares during the most recent quarter which is valued at $654,210. AFLAC Incorporated makes up approx 0.16% of Cornerstone Advisors Inc’s portfolio. Rothschild Asset Management Inc sold out all of its stake in AFL during the most recent quarter. The investment firm sold 4,749 shares of AFL which is valued $341,786.

AFLAC Incorporated closed down -0.31 points or -0.42% at $73.87 with 14,15,585 shares getting traded on Thursday. Post opening the session at $74.28, the shares hit an intraday low of $73.37 and an intraday high of $74.36 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.

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.

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