One Capital Management Lowers stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : One Capital Management reduced its stake in AFLAC Incorporated by 3.32% during the most recent quarter end. The investment management company now holds a total of 32,295 shares of AFLAC Incorporated which is valued at $2,292,299 after selling 1,109 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.AFLAC Incorporated makes up approximately 0.77% of One Capital Management’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in AFL by selling 72,696 shares or 24.04% in the most recent quarter. The Hedge Fund company now holds 229,744 shares of AFL which is valued at $16,307,229. AFLAC Incorporated makes up approx 0.17% of British Columbia Investment Management Corp’s portfolio.Catawba Capital Management Va reduced its stake in AFL by selling 2,800 shares or 13.86% in the most recent quarter. The Hedge Fund company now holds 17,402 shares of AFL which is valued at $1,242,155. AFLAC Incorporated makes up approx 0.30% of Catawba Capital Management Va’s portfolio.Simplex Trading reduced its stake in AFL by selling 21,661 shares or 59.89% in the most recent quarter. The Hedge Fund company now holds 14,505 shares of AFL which is valued at $1,035,367. AFLAC Incorporated makes up approx 0.13% of Simplex Trading’s portfolio.Cullinan Associates Inc reduced its stake in AFL by selling 18,723 shares or 6.47% in the most recent quarter. The Hedge Fund company now holds 270,800 shares of AFL which is valued at $19,470,520. AFLAC Incorporated makes up approx 1.68% of Cullinan Associates Inc’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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