Beacon Capital Management Lowers stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Beacon Capital Management reduced its stake in AFLAC Incorporated by 33.63% during the most recent quarter end. The investment management company now holds a total of 375 shares of AFLAC Incorporated which is valued at $26,880 after selling 190 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.

Other Hedge Funds, Including , Gradient Investments boosted its stake in AFL in the latest quarter, The investment management firm added 558 additional shares and now holds a total of 713 shares of AFLAC Incorporated which is valued at $51,108. AFLAC Incorporated makes up approx 0.01% of Gradient Investments’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in AFL by selling 2,582 shares or 2.41% in the most recent quarter. The Hedge Fund company now holds 104,579 shares of AFL which is valued at $7,464,849. AFLAC Incorporated makes up approx 0.16% of Exxonmobil Investment Management Inc Tx’s portfolio.Chevy Chase Trust Holdings reduced its stake in AFL by selling 11,581 shares or 3.26% in the most recent quarter. The Hedge Fund company now holds 343,295 shares of AFL which is valued at $24,682,911. AFLAC Incorporated makes up approx 0.14% of Chevy Chase Trust Holdings’s portfolio.Telemus Capital boosted its stake in AFL in the latest quarter, The investment management firm added 1,044 additional shares and now holds a total of 13,242 shares of AFLAC Incorporated which is valued at $952,100. AFLAC Incorporated makes up approx 0.11% of Telemus Capital’s portfolio.Beacon Financial Group reduced its stake in AFL by selling 524 shares or 5.57% in the most recent quarter. The Hedge Fund company now holds 8,880 shares of AFL which is valued at $638,472. AFLAC Incorporated makes up approx 0.13% of Beacon Financial Group’s portfolio.

AFLAC Incorporated closed down -0.7 points or -0.98% at $70.98 with 13,50,623 shares getting traded on Tuesday. Post opening the session at $71.59, the shares hit an intraday low of $70.73 and an intraday high of $71.64 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Initiated by Credit Suisse to “Underperform” on Oct 7, 2016. AFLAC Incorporated was Resumed by Wells Fargo to “Market Perform” on Sep 23, 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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