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Aflac Earnings Preview For Oct, 2013

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Aflac Inc (AFL)

Background: AFLAC Inc. is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. Its primary business is supplemental health and life insurance, which is marketed and administered primarily through its subsidiary, American Family Life Assurance Company of Columbus.

Aflac is forecast to record lower third-quarter earnings after the market closes on October 29, 2013.

The consensus estimate is currently $1.48 a share, a drop of 29 cents (16.4%) from $1.77 during the equivalent quarter last year. The lowest analyst estimate this report is $1.42 per share, and the highest is $1.52 per share.

Investors are receiving $1.4 in dividends for a yield of 2.1%.

Over half the analysts covering Aflac rate it as a buy or strong buy. 12 of the 22 analysts covering the company give a buy recommendation. 10 analysts rate it a hold, and none of the analysts recommend selling.

4 out of 22 analysts now rate Aflac a strong buy up from 3 analysts a month ago. The number of analysts rating Aflac a strong buy during the last three months has moved up and down. Analysts overall have called this one correctly. In the last 12 months, the shares have accelerated higher. The one year return is 31%. The average analyst current target price for Aflac is $68.19.

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.2% of the average trading float.

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Stock Tickers: AFL Author Disclosure: n/a