Aflac Incorporated (AFL) has been under a strong bear grip, hence the stock is down -1.65% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.66% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.09% in the last 1 week, and is up 0.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Aflac Incorporated (NYSE:AFL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.42 and $72.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.07, notching a gain of 1.54% for the day. The total traded volume was 1,829,361 . The stock had closed at $71.96 on the previous day.
The stock has recorded a 20-day Moving Average of 0.21% and the 50-Day Moving Average is 2.84%. Aflac Incorporated is up 6.76% in the last 3-month period. Year-to-Date the stock performance stands at 23.6%.
Aflac Incorporated (AFL) : The highest level Aflac Incorporated (AFL) is projected to reach is $76 for the short term and the lowest estimate is at $67. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $71.5 and the possibility the share price can swing is $3.72.
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. Aflacs 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.