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Is Aflac Headed for a Breakout? -Breaking

by Mike Robinson

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© Reuters. Aflac is preparing for a breakout.

In the chart, a resistance line formed Aflac Inc (NYSE:) (NYSE: Since the summer, it has been close to this level several times. It is possible for the stock to break through if it does. Learn more about how you can profit from this trade. Aflac Inc. offers life and supplemental insurance in two of the largest markets for insurance worldwide, Japan and the U.S. The company’s product range has been expanded to include long-term care insurance, accidents and disability.

The company’s U.S segment is set up for growth due to its buyout of Argus Dental and Vision as well as Zurich North America’s U.S. Corporate Life and Pensions business. AFL’s cost-cutting efforts and strong product pipeline will be of benefit to it this year.

AFL’s debt-to-equity ratio of 0.2 indicates it is on solid financial footing. Earnings have increased an average of 14.4% each year for the company over the last five year, however earnings are down 7.1% the previous year. Analysts anticipate earnings increasing 18.7% over the past year, however.

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