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Aflac (AFL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Ullico Inc. is a privately held insurance and financial services holding company in the United States.Formerly known as Union Labor Life Insurance Company, it was founded in 1927 [1] by the American Federation of Labor (AFL) and its then president, Samuel Gompers, to offer health and life insurance products specifically to working men and women.
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Although Georgine remained as president, chairman and CEO at ULLICO, he became caught up in a scandal with forced him to retire on May 8, 2003. He proposed a stock purchase deal to ULLICO's board of directors in which they would be able to buy ULLICO stock at a low price, then re-establish the stock price at a higher level.
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American market by capitalization.
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ULLICO president, chairman and chief executive officer Robert Georgine had instituted a stock trading scheme whereby ULLICO board members – most of whom were labor union officials – could purchase the company's stock at a low price. Since ULLICO was a privately held company, the board members themselves set the stock price. Once they had ...