Wells Fargo Assumes AFLAC Incorporated to Market Perform

Brokerage firm Wells Fargo Assumes its rating on AFLAC Incorporated(NYSE:AFL). The shares have been rated Market Perform. The rating by Wells Fargo was issued on Sep 23, 2016.

In a different note, On Aug 1, 2016, Deutsche Bank said it Maintains its rating on AFLAC Incorporated. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 1, 2016, SunTrust Robinson Humphrey said it Maintains its rating on AFLAC Incorporated. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on AFLAC Incorporated. In the research note, the firm Raises the price-target to $71.00 per share. The shares have been rated ‘Hold’ by the firm.

AFLAC Incorporated (AFL) made into the market gainers list on Tuesdays trading session with the shares advancing 0.56% or 0.4 points. Due to strong positive momentum, the stock ended at $72.42, which is also near the day’s high of $72.61. The stock began the session at $71.87 and the volume stood at 13,38,661 shares. The 52-week high of the shares is $74.5 and the 52 week low is $54.57. The company has a current market capitalization of $29,661 M and it has 40,95,75,250 shares in outstanding.

AFLAC Incorporated(AFL) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.44B. Analysts had an estimated revenue of $5.41B. Earnings per share were $1.71. Analysts had estimated an EPS of $1.67.

Several Insider Transactions has been reported to the SEC. On Sep 14, 2016, Audrey B Tillman (Executive Vice President) sold 18,856 shares at $73.50 per share price.Also, On Sep 2, 2016, Teresa L White (President, Aflac U.S.) sold 35,734 shares at $74.28 per share price.On Aug 15, 2016, Barbara K Rimer (director) sold 186 shares at $73.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Aflac Incorporated (Aflac) is a business holding company. The Company is engaged in supplemental health and life insurance which is marketed and administered through its subsidiary American Family Life Assurance Company of Columbus (Aflac). Aflac offers insurance policies in Japan and the United States that provide a layer of financial protection against income and asset loss. Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S. Aflac Japan sells voluntary supplemental insurance products including cancer plans medical indemnity plans medical/sickness riders care plans living benefit life plans ordinary life insurance plans and annuities. Aflac U.S. sells insurance products including products designed to protect individuals from depletion of assets such as accident cancer critical illness/care hospital intensive care hospital indemnity fixed-benefit dental and vision care plans and loss-of-income products.

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