Waters Parkerson Lowers stake in AFLAC Incorporated (AFL)

AFLAC Incorporated (AFL) : Waters Parkerson reduced its stake in AFLAC Incorporated by 0.57% during the most recent quarter end. The investment management company now holds a total of 286,773 shares of AFLAC Incorporated which is valued at $20,727,952 after selling 1,638 shares in AFLAC Incorporated , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.AFLAC Incorporated makes up approximately 2.09% of Waters Parkerson’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp reduced its stake in AFL by selling 6,869 shares or 64.56% in the most recent quarter. The Hedge Fund company now holds 3,771 shares of AFL which is valued at $272,568.Nwam reduced its stake in AFL by selling 331 shares or 7.0% in the most recent quarter. The Hedge Fund company now holds 4,395 shares of AFL which is valued at $306,771. AFLAC Incorporated makes up approx 0.12% of Nwam’s portfolio.

AFLAC Incorporated opened for trading at $72.36 and hit $72.77 on the upside on Monday, eventually ending the session at $72.5, with a gain of 0.15% or 0.11 points. The heightened volatility saw the trading volume jump to 24,93,856 shares. Company has a market cap of $29,587 M.

On the company’s financial health, AFLAC Incorporated reported $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.74. The company had revenue of $5716.00 million for the quarter, compared to analysts expectations of $5768.89 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 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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