Wells Fargo Sticks to Its Hold Rating for AFLAC (AFL)
Wells Fargo analyst Wesley Carmichael maintained a Hold rating on AFLAC yesterday and set a price target of $111.00.
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Carmichael covers the Financial sector, focusing on stocks such as Principal Financial, Prudential Financial, and AFLAC. According to TipRanks, Carmichael has an average return of 24.3% and a 92.31% success rate on recommended stocks.
In addition to Wells Fargo, AFLAC also received a Hold from KBW’s Ryan Krueger in a report issued on May 1. However, on May 4, Mizuho Securities maintained a Sell rating on AFLAC (NYSE: AFL).
Based on AFLAC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.9 billion and a net profit of $1.38 billion. In comparison, last year the company earned a revenue of $5.5 billion and had a net profit of $1.9 billion
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AFL in relation to earlier this year. Last month, Japan Post Holdings Co., Ltd., a Major Shareholder at AFL sold 86,155.00 shares for a total of $9,756,507.39.
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