Aflac Incorporated (NYSE:AFL) Shorted Shares Decreased By 4.92%


The stock of Aflac Incorporated (NYSE:AFL) registered a decrease of 4.92% in short interest. AFL’s total short interest was 6.94 million shares in September as published by FINRA. Its down 4.92% from 7.30 million shares, reported previously. With 1.55M shares average volume, it will take short sellers 5 days to cover their AFL’s short positions. The short interest to Aflac Incorporated’s float is 1.72%. About 972,627 shares traded hands. AFLAC Incorporated (NYSE:AFL) has risen 26.59% since February 8, 2016 and is uptrending. It has outperformed by 10.10% the S&P500.

Aflac Incorporated is a business holding company. The company has a market cap of $29.86 billion. The Firm engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus . It has a 11.82 P/E ratio. Aflac’s insurance business consists of two divisions: Aflac Japan and Aflac U.S.

The institutional sentiment is 0.96 in Q2 2016. Its the same as in 2016Q1. The ratio is without change, as 50 funds sold all AFLAC Incorporated shares owned while 292 reduced positions. only 80 funds bought stakes while 248 increased positions. They now own 251.49 million shares or 1.29% less from 254.79 million shares in 2016Q1.

Mizuho Bank Ltd. holds 41.24% of its portfolio in AFLAC Incorporated for 3.00 million shares. Greatmark Investment Partners Inc. owns 272,224 shares or 8.77% of their US portfolio. Moreover, Qv Investors Inc. has 7.43% invested in the company for 811,288 shares. The Minnesota-based Jnba Financial Advisors has invested 6.74% in the stock. Chesapeake Asset Management Llc, a New York-based fund reported 104,031 shares.

Out of 10 analysts covering Aflac Incorporated (NYSE:AFL), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. $71 is the highest target while $63 is the lowest. The $66.88 average target is -6.98% below today’s ($71.9) stock price. Aflac Incorporated has been the topic of 16 analyst reports since October 12, 2015 according to StockzIntelligence Inc. Sandler O’Neill downgraded the stock on May 23 to “Hold” rating. Citigroup maintained it with “Buy” rating and $70 target price in a February 4 report. FBR Capital downgraded the shares of AFL in a report on May 10 to “Market Perform” rating. RBC Capital Markets maintained the firm’s rating on February 2. RBC Capital Markets has “Sector Perform” rating and $64 price target. Lastly, Deutsche Bank maintained the stock with “Hold” rating in a February 4 report.

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