W.g. Shaheen Associates Dba Whitney Co buys $3,792,816 stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : W.g. Shaheen Associates Dba Whitney Co scooped up 807 additional shares in AFLAC Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 53,715 shares of AFLAC Incorporated which is valued at $3,792,816.AFLAC Incorporated makes up approximately 1.54% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.

Other Hedge Funds, Including , Private Trust Co Na boosted its stake in AFL in the latest quarter, The investment management firm added 658 additional shares and now holds a total of 5,061 shares of AFLAC Incorporated which is valued at $357,357. AFLAC Incorporated makes up approx 0.09% of Private Trust Co Na’s portfolio. Fox Run Management L.l.c. added AFL to its portfolio by purchasing 3,600 company shares during the most recent quarter which is valued at $255,528. AFLAC Incorporated makes up approx 0.15% of Fox Run Management L.l.c.’s portfolio.Raymond James Trust N.a. boosted its stake in AFL in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 26,745 shares of AFLAC Incorporated which is valued at $1,917,082. AFLAC Incorporated makes up approx 0.17% of Raymond James Trust N.a.’s portfolio.Hills Bank Trust Co reduced its stake in AFL by selling 500 shares or 10.99% in the most recent quarter. The Hedge Fund company now holds 4,050 shares of AFL which is valued at $290,304. AFLAC Incorporated makes up approx 0.11% of Hills Bank Trust Co’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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