Stock shares of Aflac, Synovus and TSYS reach 52-week highs again

tadams@ledger-enquirer.comJuly 24, 2013 

It was another round of 52-week highs on Wednesday for Aflac, Synovus and TSYS stocks.

Shares of the three publicly traded companies, headquartered in Columbus, have been rising of late amid an overall bullish market.

Credit-card processor TSYS hit $27.72 per share, its high for the past year, before slipping lower and closing at $27.19, still a 4.5 percent gain of $1.19 on the day.

The performance came after the firm reported Tuesday solid revenue and profits in the second quarter of this year, while earnings per share were off 13 percent because of expenses related to its $1.4 billion buyout of NetSpend, which markets prepaid and payroll cards. But TSYS also raised its revenue stream outlook from NetSpend, obviously getting investors excited.

Supplemental health and life insurer Aflac pushed to a 52-week high of $61.29 per share, although it dipped a bit before the market’s close to end the day up $1.18, or nearly 2 percent, at $60.90.

The Japanese news outlet, Nikkei, reported Wednesday (U.S. time) that Aflac and Japan Post Holdings are close to signing an agreement to jointly develop cancer insurance policies and sell Aflac products at 20,000 post offices throughout the Asian nation. Aflac spokeswoman Laura Kane declined comment. The company also is in a quiet period leading up to its July 30 second-quarter earnings release.

Finally, regional bank Synovus Financial Corp., which has seen its stock shares inch higher over the last couple of weeks, tipped upward to a year’s high of $3.39. The stock closed at $3.36 on the day, up 9 cents, or 2.7 percent.

Synovus is actively putting together stock sales and additional cash to repay the $968 million it owes the federal Troubled Asset Relief Program (TARP), the bank bailout initiative launched in 2007.

Ledger-Enquirer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service