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Aflac Incorporated stock price
Aflac Incorporated latest news:
Aflac's stock tumbles to pace S&P 500 losers; insurer says report of fraud and abuse are 'false'
Shares of Aflac Inc. tumbled 7.1% in active afternoon trade Friday, enough to pace the S&P 500's losers, although the insurer said a report that former employees alleged fraud and abuse was "false" and "without merit." Volume spiked to 10.5 million shares, or more than 6-times the full-day average. The stock, which closed at a record $91.69 on Thursday, pared earlier intraday losses of as much as 8.7%. "Recent media stories regarding Aflac contain false allegations made by a very small group of independent contractors. Aflac intends to aggressively fight these allegations beginning with filing for their dismissal," the company said in a statement. A report by The Intercept late Thursday said Aflac exploited workers, manipulated accounting and deceived shareholders and customers, citing multiple current and former employees, as well as three previously unreported lawsuits. In Aflac's response, the company said it has "investigated these claims and found them to be without merit." The stock has run up 22.6% over the past 12 months, while the SPDR S&P Insurance ETF has gained 12.7% and the S&P 500 had climbed 22.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Aflac Issues Statement Regarding Recent Allegations
Aflac Inc(AFL): * AFLAC SAYS INVESTIGATED CLAIMS MADE IN RECENT MEDIA STORIES AND "FOUND THEM TO BE WITHOUT MERIT" * AFLAC SAYS INTENDS TO FIGHT "ALLEGATIONS" AGAINST CO BEGINNING WITH FILING FOR THEIR DISMISSAL. * AFLAC (AFL) - INDIVIDUALS REFERRED TO IN RECENT MEDIA STORIES ARE "NOT EMPLOYEES OF AFLAC" * AFLAC (AFL) - INDIVIDUALS REFERRED TO IN RECENT MEDIA STORIES "CAN BE PART-TIME AND LICENSED TO S...
This Aflac robot duck helps kids living with cancer
My Special Aflac Duck was revealed during this week's Consumer Electronics Show.
BRIEF-Aflac Inc Creates Asset Management Subsidiaries
* AFLAC INCORPORATED CREATES ASSET MANAGEMENT SUBSIDIARIES;
GLOBAL INVESTMENTS TO CONTINUE AS INVESTMENT DIVISION
Bonuses, bigger retirement accounts and lower health care costs the latest 'fall-out' from tax reform
Aflac is the latest company to increase employee’s wallet size by increasing employee retirement accounts, and lowering health care costs thanks to tax reform passage.
BRIEF-Aflac announces retirement of Kriss Cloninger III from its board
* Aflac Inc announces retirement of Kriss Cloninger III from
Inc's board of directors; appoints new board member Katherine T.
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